Briggs Equipment, Inc. US Acquires MacKinnon Equipment & Services, Expands Hyster-Yale and JCB Territories

Dallas, TX, July 13, 2017 -- Briggs Equipment US (Briggs Equipment), a Sammons Enterprises, Inc. company, announced it has acquired substantially all the assets of MacKinnon Equipment & Services (MacKinnon). The acquisition expands the presence of Briggs Equipment’s material handling business in Florida and Georgia. MacKinnon Equipment Services is operating as a DBA of Briggs Equipment with no changes to leadership or business approach. Alex MacKinnon continues to act as President of MacKinnon and oversees the business reporting to Chris Meinecke, President and Chief Operating Officer of Briggs Equipment.

“The team at Briggs has always held MacKinnon founder Sandy MacKinnon and his team in the highest regard. Now joining forces, Briggs and MacKinnon will be even stronger in Florida and Georgia,” said Chris Meinecke, President and Chief Operating Officer of Briggs Equipment. “The team at MacKinnon is looking forward to continued growth and this next chapter in the evolution of our company. We will continue to provide the level of service our customers expect while working to grow our current Yale, JCB and other partners in the markets we serve,” said Alex MacKinnon.

Briggs Equipment has 29 branch locations across the US. The acquisition adds five branches to the company’s footprint including four locations in Florida and one in Georgia. Briggs Equipment and MacKinnon sell, rent, and service Hyster, Yale, JCB and other material handling and construction equipment brands for a diverse group of customers.

“The MacKinnon transaction is supportive of the growth strategy for Briggs Equipment and Sammons Enterprises,” said Darron Ash, Chief Executive Officer of Briggs International and Senior Vice President of Sammons Enterprises, Inc. “As with previous acquisitions, we expect the MacKinnon business and its employees to benefit from being a Sammons Enterprises company, with access to the expanded resources and capabilities available to them as part of this global holding company.”

The transaction closed June 30. Details of the deal are confidential.

About Briggs Equipment

Briggs Equipment Inc. is a subsidiary of Briggs International, Inc., a leading provider of premium materials handling equipment with operations in the US, UK and Mexico. Briggs International, Inc. is a subsidiary of Sammons Enterprises, Inc., an ESOP owned company with revenues over $5 billion. Briggs Equipment’s US operations are headquartered in Dallas, Texas, with 34 locations in the south and southeast US.  Briggs Equipment is a full line materials handling distributor, offering sale of new and used equipment, long and short term rentals, parts and service solutions and fleet management programs.  More information at www.briggsequipment.us

About Sammons Enterprises

Sammons Enterprises, Inc. is a diverse holding company composed of financial services, industrial equipment, real estate investment, and infrastructure businesses operating in three countries. Established in 1938, Sammons is headquartered in Dallas, Texas (US). With more than $5 billion in annual revenues and $75 billion in assets, it is one of the largest privately held companies in the U.S. For more information, visit sammonsenterprises.com.

About MacKinnon Equipment & Service

MacKinnon Equipment & Service has been serving customers since 1982. Through experienced leadership, steady growth and award winning success each of its five locations provides world-class, customer-first support, service and equipment.  The Dealership began in 1982 when Sandy MacKinnon, a former Yale manufacturing employee, opened his first locations in Tampa and Orlando, FL. As the Dealership grew it added a Jacksonville location in 1995, a Tifton location in 2005, and Fort Myers in 2013.

About Hyster-Yale Group

A world leader in the lift truck industry, Hyster-Yale Group designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 6,300 people world-wide.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/34500987-b56a-4227-b9ba-70b52c86d3d9

Christine Anderson
Sammons Enterprises, Inc.
214.210.5064
[email protected]