Komatsu America agrees to purchase PBE Group

Komatsu America agreed to purchase the assets of the PBE Group. Photo courtesy of Komatsu America.

Komatsu America Corp., through its subsidiary F and M Equipment, entered into an agreement to purchase PBE Group.

PBE Group consists of Pine Bush Equipment and East PBE. The deal is subject to a period of due diligence and final approval by Komatsu. The planned closing date for the sale is April 1.

A new entity, to be named later, will emerge from the deal and assume PBE Group’s trade territory, which ranges from all of Connecticut, excluding Fairfield County, to select counties in southeast New York. This includes all Komatsu construction, mining and utility equipment sales and rentals, parts, service and customer support activities.

“We’ve said in the past that Komatsu America is committed to excellence in the Northeast region of the U.S.,” says Rod Schrader, CEO of Komatsu America. “Investments in Midlantic Machinery, Edward Ehrbar, Komatsu Northeast and now Pine Bush demonstrate the company’s determination to walk our talk.”

The new entity will support Komatsu’s long-term strategic plans to grow and strengthen the distribution channel, the company adds. Once the sale is complete, the new entity will be part of a larger group of distributors.