PacWest Machinery LLC of Seattle has acquired the operating assets of Clyde/West Inc., Portland, Ore., a company that has supplied equipment to the construction industry in the Pacific Northwest for more than 100 years. PacWest Machinery was also named Volvo Construction Equipment dealer in Washington, Oregon and Northern Idaho.
PacWest Machinery is owned by Seattle-based Joshua Green Corp., a private company with interests in real estate, consumer goods, food manufacturing, distribution and public equities. “The entrance of Joshua Green into the equipment distribution segment is another example of our desire to make long-term investments in stable industries that show attractive growth potential,” said Stan McCammon, president and CEO of the Joshua Green Corp. “We take a long-term view when investing in regionally based companies that are profitable and contribute in many ways to the community.”
Industry executive Andy Wold will become an investor in the company and serve as CEO of PacWest Machinery. “Our affiliation with Volvo CE and the Clyde/West management team provides a platform to pursue attractive long-term growth opportunities,” said Wold. “Through the Joshua Green Corp., we have access to the resources to invest in smart growth.”
Under the new dealer agreement, PacWest Machinery will be responsible for sales, rental and service for the full line of Volvo equipment, road machinery and compact equipment. Wold said the transition will be seamless to Volvo customers in the Pacific Northwest. PacWest Machinery will provide equipment and services from four facilities located in Kent and Spokane, Wash., and Portland and Eugene, Ore.