Two Southwestern construction equipment heavyweights will join forces next month when Mesa, Arizona-based Disposition Southwest LLC acquires longtime Southern Nevada-based Cashman Gear Co., the companies announced Monday.
Cashman, founded by James “Big Jim” Cashman during the construction of Hoover Dam in 1931, is one of the highest-rated Caterpillar dealers in the country and based in Henderson.
Terms associated with the Empire acquisition of Cashman were not disclosed. The deal is expected to close by the end of December.
The news followed a separate announcement on Mon that United Rentals would be acquiring Las vegas construction equipment company Ahern Rentals for $2 billion in cash.
Cashman expanded from Southern Nevada to include most of Northern Nevada and portions of several California border counties in the early 1960s. It supplies machinery, service, parts, power generation, pumps and rental options, across the Caterpillar product line.
The company, which has 1, 100 employees, has been led over nine decades by James Cashman Sr., James Cashman Jr., James Cashman III and most recently, during the particular last 27 years, simply by MaryKaye Cashman.
Cashman Field, a soccer stadium owned by the city of Las Vegas and the home field of the particular Las Vegas Lights FC associated with the Usa Soccer League, was named for the Cashman family when it opened as a baseball stadium within 1983.
In a release, Cashman Products representatives said they “are confident that the combination of these two great companies will provide new synergies, excellent customer satisfaction and very importantly, even more options and enhanced capabilities.
“We are pleased and confident knowing that our customers will continue to receive superior support for all their construction, mining, landscaping plus industrial needs from Disposition Southwest, as we know they share our values and commitment to providing the best customer experience, ” they said.
A full-service dealership, Cashman provides new and used gear for sale plus rental, as well as parts and service in order to construction, paving, mining, truck engine, technology and energy system industries throughout The state of nevada as well as the eastern Sierras.
Empire Southwest also is a third-generation, family-owned business, started in 1950.
It is an authorized Caterpillar dealer with regard to heavy products and strength systems throughout Arizona plus southeastern California. In addition , Empire is a provider of Tier 1 commercial solar products and microgrids, an authorized AGCO Corp. farm tools dealer representing Fendt and Massey Ferguson, an official Trimble dealer through SITECH Southwest earth-moving technologies company, plus a distributor of Maintainer, Trail King and other truck and trailer brands. The company has more than 2, 300 employees across 22 locations.
Contact Richard N. Velotta at [email protected]. com or 702-477-3893. Follow @RickVelotta on Twitter.