Gregory Poole Equipment completes acquisitions from Hyster, Yale dealers
Gregory Poole Equipment Co., Raleigh, N.C., closed on its acquisition of the operations and assets of Dougherty Equipment Co., Inc., VBS Inc. Material Handling Equipment and certain assets of Briggs Equipment, Inc. The acquisition process uncovered significant economies of scale and synergies, and is expected to nearly double the division’s annual revenue.
Following this acquisition, Gregory Poole was appointed as an authorized dealer of Hyster and Yale lift trucks across four states, including North Carolina, South Carolina, Virginia and West Virginia. While Gregory Poole will no longer represent other competitive supplier relationships, it will continue to support its current customers through existing service agreements.