Genie Industries Inc. has acquired the assets of Phoenix Equipment Co., a Waco TX company specializing in the refurbishment of aerial work platform equipment.
“As the market has grown, so has the need for refurbishment. With this acquisition, Genie Industries will now have a dedicated facility to refurbish and remanufacture products to customer specifications,” said Tim Ford, president, Terex Aerial Work Platforms (AWP), which includes Genie Industries. “In addition to standard refurbishment and remanufacturing services, Phoenix Equipment Company has the ability to complete warranty repairs and customer unit repairs, which will be an added benefit for our customers.”
Phoenix Equipment began operations in 1996 as a small aerial lift rebuilding and repair facility. Currently, it employs more than 140 people in Waco. Phoenix Equipment does not sell or rent equipment but is dedicated to providing timely repairs, painting, and annual inspections of construction equipment. Since 1999, Phoenix Equipment has been a factory-authorized Genie refurbishment and repair center.
John Carhart, founder of Phoenix Equipment, will continue with the company as it joins Terex AWP.