Newsline

Tencarva Acquires Company

November 22, 2006
/ Print / Reprints /
ShareMore
/ Text Size+
GREENSBORO, N.C. - Tencarva Machinery Co. acquired Engineering Equipment Co. (EECO), Richmond, Va. The company averages approximately $8 million in sales revenue per year.

After the acquisition, Dave Mathers, former EECO secretary-treasurer and co-owner, will continue to head up the operations of the EECO Division of Tencarva as EECO Division manager.

"The synergy between the two companies was a natural. The product lines complement each other, and they have an experienced team of sales engineers supported by outstanding service capabilities," said Mathers. "We are looking forward to working with the Tencarva team in Virginia, and expect a good increase in sales coverage and profitability as a result of being a part of Tencarva."

John Mills, former EECO president and co-owner, will work three months as a consultant to Tencarva prior to retiring in early 2007.

"The acquisition of Engineering Equipment Co. broadens our footprint in both the Virginia industrial and municipal marketplaces," said Ed Pearce, Tencarva controller. "There is some significant growth potential with the products they represent that we are optimistic will occur given the resources we currently have."

Publication date: 11/27/2006

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: Kari Arfstrom

Kari Arfstrom, executive director of the HVACR Workforce Development Foundation, talks about the upcoming HVACR & Mechanical Conference. Posted on Jan. 23.

More Podcasts

ACHRNEWS

NEWS 01-26-15 cover

2015 January 26

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Regional Standards

With regional standards for a/c equipment going into effect in 2015, how do you think it will impact the industry?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con