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ROMCO Equipment Co. and SMT acquire Bee Equipment Sales to strengthen leadership in Texas

PRIVATEDec 20, 2024

Acquiring Company

ROMCO Equipment

Acquired Company

Bee Equipment Sales

DallasBrusselsLubbockManufacturingManufacturingConstructionBuilding MaintenanceBuilding Material

Description

ROMCO Equipment Co. and its parent company SMT announced the acquisition of Bee Equipment Sales, a move aimed at strengthening their leadership in the Texas construction and paving equipment industry. This strategic acquisition enables ROMCO and SMT to deliver an expanded range of high-quality equipment and services, better serving their growing customer base and offering unmatched solutions in the Texas market.

Quick answer

ROMCO Equipment and SMT are acquiring Bee Equipment Sales, announced December 20, 2024. ROMCO Equipment is based in Dallas, Texas, United States.

How much did ROMCO Equipment pay for Bee Equipment Sales?
The deal value was not disclosed.
What does ROMCO Equipment do?
ROMCO Equipment Co. has been at the forefront of the Texas and New Mexico equipment markets since 1961.
Where are ROMCO Equipment and Bee Equipment Sales based?
ROMCO Equipment is based in Dallas, Texas, United States. Bee Equipment Sales is based in Lubbock, Texas, United States.
Who are the decision-makers at ROMCO Equipment?
Fundz holds 3 contacts at ROMCO Equipment. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Construction and Building Maintenance

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Company Information

Company

ROMCO Equipment

Location

Dallas, Texas, United States

About

ROMCO Equipment Co. has been at the forefront of the Texas and New Mexico equipment markets since 1961. With 16 locations dedicated to providing high-quality equipment and exceptional product support, ROMCO is committed to delivering outstanding service to its customers.

Company

SMT

Location

Brussels, Brussels, Belgium

About

SMT, headquartered in Brussels, Belgium, is a leading distributor and after-sales partner in the equipment and transport industry. Since its establishment in 2010, SMT has expanded its dealership network across Africa, now operating in over 18 countries with a comprehensive range of Volvo Equipment. The company's European presence was bolstered by the acquisition of Kuiken Group in 2015 and the Volvo CE dealership in Great Britain in 2017. SMT entered the U.S. market in 2022 with the acquisition of ROMCO Equipment Co., followed by Sierra Machinery in 2023. Renowned for its high standards and innovative solutions, SMT now operates in 31 countries and employs over 2,200 people.

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Frequently asked

Who acquired Bee Equipment Sales?

Bee Equipment Sales was acquired by ROMCO Equipment, based in Dallas. The deal was reported on December 20, 2024. ROMCO Equipment Co. has been at the forefront of the Texas and New Mexico equipment markets since 1961. ROMCO Equipment is privately held and operates in Manufacturing.

When did ROMCO Equipment acquire Bee Equipment Sales?

ROMCO Equipment's acquisition of Bee Equipment Sales was reported on December 20, 2024. ROMCO Equipment Co. and its parent company SMT announced the acquisition of Bee Equipment Sales, a move aimed at strengthening their leadership in the Texas construction and paving equipment industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Bee Equipment Sales do?

Bee Equipment Sales has been the go-to dealer for construction and paving equipment in West Texas and Southeastern New Mexico. They proudly offer a wide range of machinery and parts from reputable brands such as Dynapac, LeeBoy, and Broce. It is privately held, operating in Construction, and is based in Lubbock.

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