Tencarva Machinery Company, Greensboro, NC, has acquired Engineering Equipment Company, Richmond, VA.
Engineering Equipment Company had $8 million in sales last year.
Tencarva reported that the acquired company has strong sales coverage in Virginia, with very little overlap with Tencarva’s territory.
‘The acquisition of Engineering Equipment Company broadens our footprint in both the Virginia industrial and municipal marketplaces. There is some significant growth potential with the products they represent that we are optimistic will occur given the resources we currently have,’ Ed Pearce, Tencarva controller, said.
Tencarva has 23 branches in eight states, including Arkansas, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee and Virginia.
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