Hoffman Equipment acquires Penn-Jersey assets

By |  November 20, 2018

Logo: Hoffman Equipment

Hoffman Equipment, the New Jersey-based dealer, is expanding its retail territory in the Northeast.

The company is purchasing Penn-Jersey Machinery’s assets and will start selling Volvo Construction Equipment (Volvo CE) products for the first time.

Hoffman is taking over Volvo CE distribution in the territories previously covered by Penn-Jersey Machinery and Malvese Equipment. Hoffman will assume Penn-Jersey Machinery’s three locations – Deptford and Middlesex, New Jersey, and Lionville, Pennsylvania – which add to Hoffman’s existing locations in New Jersey and New York.

To ensure a smooth transition for Volvo CE customers, all current Penn-Jersey staff will be offered employment within the new Hoffman locations.

Hoffman has been working in the construction, transportation and equipment industries for almost 100 years and has a strong presence in the Northeast.

“We have built a strong reputation of providing excellent customer support of the different brands of equipment that we carry,” said Tim Watters, CEO of Hoffman. “We’re proud to upgrade our product offering through the addition of Volvo CE’s premium construction equipment to our portfolio. We will continue to serve our existing customers, as well as the new Volvo CE customers with the best products and support in the market.”

Stephen Roy, president of Volvo CE Americas, stresses that Volvo CE will continue to update its distribution by bringing the best dealers in North America into its network while ensuring current dealers provide the highest uptimes in the industry.

“Hoffman is a great example of the distribution partner that our customers want to deal with,” Roy says. “It has built strong relationships with its customers and knows the specific needs and preferences of the region very well. We’re excited about this partnership.”

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About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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