Komatsu America Corp. is acquiring the New York state-based PBE Group.
Komatsu will purchase the company through its subsidiary F and M Equipment Ltd. PBE Group consists of Pine Bush Equipment Co. Inc. and East PBE Inc. The company has two locations in New York state and a third store in Connecticut. The deal is expected to close on April 1.
“We’ve said in the past that Komatsu America is committed to excellence in the Northeast region of the United States. Investments in Midlantic Machinery, Edward Ehrbar, Komatsu Northeast and now Pine Bush, demonstrate the company’s determination to walk our talk,” said Komatsu America CEO Rod Schrader. “Our goal remains the same: provide the extra support the team in place needs to deliver unrivaled products, services and solutions.”
The yet-to-be named new entity will assume PBE Group’s trade territory, which ranges from most 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 history of PBE Group
Edward and Dorothy Boniface launched the Pine Bush Equipment Company in 1956.
As the company grew, it incorporated in 1964 under the name of Pine Bush Equipment Company Inc. and its focus switch from farm machinery to construction equipment.
Following the company’s sale to Komatsu, the Boniface family will continue to work within the new entity.
As well, all employees, facilities and customer support infrastructure from PBE Group will be retained.
According to Komatsu, the new unit will support the equipment manufacturer’s long-term strategic plan to grow and strengthen its distribution channel.
Once the sale is complete, the new entity will be part of a much larger group of distributors, providing customers with more equipment and parts inventory availability, and greater service and support resources. No other transaction terms will be disclosed, according to Komatsu.