Stephenson Equipment expands Mid-Atlantic footprint with new acquisition
05 September 2024
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Stephenson Equipment (SEI), a supplier of construction, public works equipment and cranes across Pennsylvania and Upstate New York, has acquired Valley Supply & Equipment, which operates in Maryland, Virginia and Washington, D.C.
By expanding the company’s presence in the Mid-Atlantic region, Valley Supply’s customers will benefit from SEI’s inventory, rental fleet, parts and additional service technicians and product specialists.
“Valley Supply & Equipment has built a reputation of strong customer relationships and local expertise in the construction and asphalt industry, which pairs nicely with SEI’s core values of customer service,” said Charlie Walsh, president, Stephenson Equipment.
“This acquisition not only broadens our geographic reach but also strengthens our ability to offer even better service and support in Maryland, Virginia and D.C. markets.”
With this acquisition, Valley’s employees will become employee-owners of Stephenson Equipment. SEI became an employee-owned company in 2023 and all full-time employees receive ESOP contributions as an additional benefit.