Rolling Meadows, Illinois (February 26, 2018) - Komatsu America Corp. announced that, through its subsidiary F&M Equipment Ltd., it has entered into a purchase agreement with Pine Bush Equipment (PBE) Group, consisting of Pine Bush Equipment Co. Inc. and East PBE Inc., to purchase the assets of PBE group, subject to a period of due diligence and final approval of Komatsu Ltd. (with the exception of the Kubota line of equipment and parts). At the time of press, the planned closing date for the sale was April 1, 2018. The new entity, to be named later, will assume PBE Group’s trade territory, which ranges from all of Connecticut, excluding Fairfield County, to select counties in southeastern New York state. This includes all Komatsu construction, mining and utility equipment sales and rentals, parts, service and customer support activities.
The Boniface family, who launched the PBE Company in 1956, will continue with the new operating company, providing continuity and support. The new unit will support Komatsu’s long-term strategic plans to grow and strengthen the distribution channel. Once the sale is complete, the new entity will be part of a much larger group of premiere distributors, which for customers, will mean more equipment and parts inventory availability, and greater service and support resources. Substantially, all employees, facilities, and customer support infrastructure from PBE Group will be retained.
For more information, visit www.komatsuamerica.com.