Third US acquisition for Molson Group
UK equipment dealer expands US presence with the acquisition of Powerscreen Western
MOLSON Group, a leading UK equipment dealer, have expanded their US presence with the acquisition of Powerscreen Western, expanding the group’s coverage of the Western US to now include the state of Arizona.
Following the successful acquisition of Powerscreen of California in April 2022, shortly followed by Powerscreen of Washington, the group now has substantial coverage across nine states in the US.
With Molson Group generating more than £375 million in revenue per annum, this third US acquisition will support the continued growth of operations in North America. With a proven model offering customers complete machinery solutions from a 360° product portfolio, new manufacturer partners are already in line, and further acquisitions are expected to follow.
Powerscreen Western offers a range of leading brands, predominately from the leading materials processing equipment manufacturer Terex, including Powerscreen, EvoQuip, CBI, and Ecotec, among others. With distribution and after-sales support throughout the state of Arizona and southern Nevada, the company will continue to trade under the Powerscreen Western brand whilst benefitting from the assistance of back-office support from the wider Molson Group.
Existing and new customers of Powerscreen Western will benefit, with increased availability of machines, parts, and personnel, thanks to the financial backing of the Molson Group. As with previous deals, Molson’s ability to implement proven technology solutions and drive efficiency and growth was a key factor in the deal being agreed and in driving improvements in customer service levels moving forward.
Jason Powles, Molson Group’s chief operating officer, understands the importance of accurate data and has driven the digitization of the business. ‘Molson Group is a highly successful equipment dealer, working with some of the world’s leading equipment manufacturers. We know how to optimize the performance of dealer businesses, using our own tried and tested practices, including implementing the highly effective smartCMD technology suite. We have seen the positive impact our technology products can have through improved performance in our recent US acquisitions, and we expect to repeat this success in Powerscreen Western.’
Mr Powles added: ‘This acquisition further develops our footprint in the US market, providing significant opportunity to replicate our UK model in the US and offer customers a broad range of market-leading products. We have already engaged with a number of OEMs, including Kobelco, Fuchs, and Spaleck, who will be offered to our customers across our US locations. The implementation of our leading technology products, combined with additional products from our OEM partners, will provide significant growth opportunities for the business in the coming years.’
Powerscreen Western’s founder, Gerald McCarthy, is also excited by the opportunity for growth and the expansion in resources that Molson will bring. He said: ‘We felt a strong fit with the Molson team and their approach – a total commitment to customer service, a comprehensive product range, and a culture of looking after its people. This, combined with the huge benefits Molson bring with their operational capability, makes for an exciting new direction for the future of this business and our customers.’
Pat Brian, vice-president and managing director of Terex Corporation, commented: ‘Molson Group is a valued Terex partner, both in the UK and more recently in the US. This third acquisition gives Molson Group significant presence in the US and further strengthens our relationship with the business. We are particularly excited for the benefits that this acquisition will bring both for our customers and our own business.’
