Puckett Machinery and D-M Equipment Announce Merger and Acquisition10/11/2010
JACKSON, MS – Puckett Machinery Company, the Caterpillar heavy equipment, rental services, and engine dealer for central and southern Mississippi, and D-M Equipment, the Blount/Prentice Forest Products dealer for southwest Mississippi and eastern Louisiana, announce the merging of their companies. D-M Equipment will become known as D-M Equipment Company, a division of Puckett Machinery Company. The two companies have agreed to terms and expect to close the transaction on or by December 1, 2010.
Said Richard Puckett, Puckett Machinery Company President/CEO, “We’re excited about what this is going to mean for our customers. Puckett Machinery’s goal has always been to deliver the finest products, services, and support available anywhere. I believe this move is another excellent example of the importance we place on serving our customers in this market. D-M Equipment has been a major player in the Mississippi forest products industry for a long time. Together, we’ll be able to provide our customers a truly unmatched level of quality, expertise, and support.”
Leveraging his expertise in the forest products industry, D-M Equipment Owner/President Pat Doyle will continue to manage D-M Equipment and will assume the additional role of Forest Products Used Equipment Manager for Puckett Machinery. D-M Equipment Sales Manager Sean Doyle will become Forestry Sales Manager for Puckett Machinery Company’s entire sales territory.
Initially, D-M Equipment, a division of Puckett Machinery Company, will continue to operate out of the current D-M facility located in Fernwood, MS. Plans are being made for building a new Puckett Machinery facility in the Brookhaven/McComb area that will house both Puckett Machinery Company’s construction business and the new D-M Equipment Company.
Each company has different strengths that complement one another very well. Both companies share similar operating cultures that should allow for seamless integration. There are many synergies that will be realized as a result of the merging of the two companies that will create a stronger company. It will leverage the intimate understanding of the forest market, the deep customer relationships, and the dedicated forestry personnel of D-M Equipment with the full forestry product line, the broader market opportunity, and the additional resources provided by Puckett Machinery. Customers will be the ultimate beneficiaries of this merger as this new organization will provide them with more parts, service, products, and dealership know-how than ever before.
This merger illustrates Puckett Machinery Company’s long-term commitment and focus toward the forest products industry and is a key strategic move for the company.
Since 1982, Puckett Machinery Company has been the Caterpillar dealer for Mississippi’s southernmost 40 counties. For more information, please visit the company’s website: www.puckettcat.com.
D-M Equipment Company, located in McComb, MS has served the forest products industry since 1979. To learn more, please visit their website at www.dmequipment.com .
For more information about this release, please contact:
John Chesney, Director of Human Resources and Advertising
Telephone: (601) 592-0626
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