Boyd Company Finalizes Purchase of Walker Machinery,
West Virginia and southeastern Ohio CAT Dealer
(Louisville, Kentucky) March 31, 2010 -- Boyd Company, LLC has completed the acquisition of the Cecil I. Walker Machinery Co., the Caterpillar equipment dealer in West Virginia and southeastern Ohio.
Terms and details regarding the sale were not disclosed.
Boyd Company is solely owned by Monty L. Boyd, who is the current president and owner of Whayne Supply Company, the Caterpillar equipment dealer headquartered in Louisville, Kentucky. Caterpillar Inc. has approved Boyd Company to represent CAT products in the existing Walker territory, consisting of 25 counties in West Virginia and 8 counties in southeastern Ohio. Boyd’s current plans are to continue operating Walker Machinery separately under the Walker name.
“I am confident that the experienced and dedicated Walker employees and management team will make this transition as seamless to the customers and suppliers” said Monty Boyd. “This is a company that has an excellent reputation, and a loyal customer base thanks to their focus on exceptional customer service,” said Boyd.
The Walker family owned and operated Walker Machinery for 59 years as a heavy equipment distributor and has been a Catepillar equipment dealer for the past 56 years. It has eight locations in West Virginia and two in Ohio. The company has approximately 700 employees.
Whayne Supply Company was founded in Louisville, Kentucky in 1913, and is one of the oldest and largest Caterpillar dealers in the United States. The company has approximately 1,300 employees with facilities in 12 cities across Kentucky and southern Indiana. Whayne also operates 13 Whayne, The CAT Rental Stores within its territory.
“The purchase of Walker Machinery is consistent with my vision for strategic growth across familiar markets – markets in which we have historically been successful,” said Boyd.
The two company’s roots are planted firmly in service to the eastern US coal industry.
“Walker Machinery has a significant presence in the West Virginia and southeastern Ohio coal markets, and Whayne has nearly a century of service to the coal industry, especially in eastern Kentucky. I am excited about the new opportunities that the Walker expansion provides, including the addition of many long term, dedicated, skilled employees. It’s a good fit all around,” said Boyd.