The Heico Companies Acquires Kershaw
Written by Jennifer McLawhorn, Managing Editor
The Heico Companies
CHICAGO - The Heico Companies has acquired Kershaw, a rail maintenance and vegetation management equipment company.
Kershaw joins Heico’s heavy equipment brands, which already include Pettibone, BARKO and ARDCO, as part of its Heavy Equipment Segment (HES), according to the release. Kershaw was previously part of Progress Rail, a Caterpillar company. By joining these brands, The Heico Companies says Kershaw will deliver integrated solutions for those in the vegetation management, forestry, and rail maintenance markets. The “synergy” between these brands’ offerings help to illustrate the value offered to its customers.
President of HES Derran Smith said, “The addition of Kershaw to The Heico Companies’ Heavy Equipment Segment will increase our scale, drive growth and foster greater innovation through collaboration. . . This move strengthens our market leadership in rail maintenance, vegetation management and adjacent maintenance-of-way sectors, positioning us for long-term success.”
Smith added, “We look forward to teaming with Kershaw to build an even stronger future for our customers, dealers and valued partners.”
Kershaw Director Patrick Spence said, “We are excited and thankful to become a part of the Heico family of businesses. The restoration of the Kershaw brand and pursuit of operational excellence aligns perfectly with our goals of being a best-in-class manufacturer of maintenance of way equipment. Heico has a strong tradition of successful transitions, and utilizing their resources, business practices and processes will only enhance our ability to meet the needs of our customers and employees.”
