Two U.S. diesel firms merge
Johnson and Towers and Western Branch Diesel said they merged their respective organizations. Terms were not disclosed.
The companies, along with Dovell and Williams, will fall under the newly created Indel Power Group. The companies will go to market with their existing brands.
A statement noted that Johnson and Towers and Western Branch Diesel have 165 years of combined experience as distributors for Detroit Diesel and MTU engines and Allison transmissions. Both companies are Power Centers for Volvo Penta marine diesel products.
“This merger brings together two very strong and successful family organizations sharing the same foundation in the diesel engine business,” said David Johnson, CEO of Johnson and Towers, in the statement. “It gives us an East Coast marine footprint from New York to South Carolina for MTU and/or Volvo Penta, as well as a seven-state, 19-location network to leverage and grow our on-highway brands and robust fleet management business. Additionally, our MTU power generation business will offer a nine-state network to service standby power generation customers.”
“Our companies have known each other for many years and hold similar values and philosophies, including honesty, integrity, excellent customer service and treating our valued employees with care and respect,” added Herb Haneman Jr., CEO of Western Branch Diesel, in the statement.
