Cecil I. Walker Machinery Co.
Walker Machinery Co., a third-generation, family-owned company founded in 1950, prides itself in providing quality Caterpillar equipment and excellent service to its customers. Walker's more than 750 highly trained and dedicated employees help to make Walker Machinery Co. virtually synonymous with Caterpillar in Southern West Virginia. In 2003, Walker celebrated its 50th anniversary as a Caterpillar dealer.
***** PRESS RELEASE DEC. 14, 2009 *****
After 59 years as a heavy equipment distributor and 56 years as a dealer for Caterpillar, Inc. for western West Virginia and southeastern Ohio, the Walker Family is exiting the business. We have signed a letter of intent to sell Cecil I. Walker Machinery Co. and Walker Realty Co. to the Boyd Company, LLC owner of Whayne Supply Co., the Caterpillar Dealer for Kentucky and southern Indiana. The company has been in business since 1913 and is headquartered in Louisville, KY. The parties are attempting to consummate the sale by the end of 2009 or early 2010.
The Boyd Company is owned by Monty L. Boyd, a former Caterpillar employee and associated with Whayne Supply since 1984. The Boyd Company, LLC is purchasing the stock of Cecil I. Walker Machinery Co. and Walker Realty Co. and in essence literally "steps into the shoes" of the present companies.
It is the intention of the Boyd Company, LLC to continue to operate Walker Machinery "as is" and continue the name of Cecil I. Walker Machinery Co. By a stock sale, the assets, liabilities and obligations are transferred to the new ownership. Contracts, including our labor agreements with The Operating Engineers, Local 132 remain intact.
The Walker Family deeply appreciates the commitment and work excellence of our employees, past and present. We thank the customers we have served for six decades and who honored us with their business and trust. Of course, we must recognize the wonderful suppliers we have enjoyed who have been an integral part of Cecil I. Walker Machinery Co.'s success.
Boyd Company Completes Purchase of Walker Machinery
(Louisville, Kentucky) March 31, 2010 -- Boyd Company, LLC has completed the acquisition of the Cecil I. Walker Machinery Co., the Caterpillar equipment dealer in West Virginia and southeastern Ohio.
Terms and details regarding the sale were not disclosed.
Boyd Company is solely owned by Monty L. Boyd, who is the current president and owner of Whayne Supply Company, the Caterpillar equipment dealer headquartered in Louisville, Kentucky. Caterpillar Inc. has approved Boyd Company to represent CAT products in the existing Walker territory, consisting of 25 counties in West Virginia and 8 counties in southeastern Ohio. Boyd's current plans are to continue operating Walker Machinery separately under the Walker name.
"I am confident that the experienced and dedicated Walker employees and management team will make this transition nearly seamless to our valued customers and suppliers" said Monty Boyd. "This is a company that has an excellent reputation, and a loyal customer base thanks to their focus on exceptional customer service," said Boyd.
The Walker family owned and operated Walker Machinery for 59 years as a heavy equipment distributor and has been a Catepillar equipment dealer for the past 56 years. It has eight locations in West Virginia and two in Ohio. The company has approximately 700 employees.
The Walker family has directed the successful operation of the company through their dedication to the employees and customers they serve. They have been supportive and involved in the communities where their employees live and work. Boyd stated "I recognize the company has been a key community player and commit to continue this Walker involvement after the transition".
"The purchase of Walker Machinery is consistent with our vision for strategic growth across familiar markets - markets in which we have historically been successful," said Boyd.
The two company's roots are planted firmly in service to the eastern US coal industry.
"Walker Machinery has a significant presence in the West Virginia and southeastern Ohio coal markets, and Whayne has nearly a century of service to the coal industry, especially in eastern Kentucky. I am excited about the new opportunities that the Walker expansion provides, including the addition of many long term, dedicated, skilled employees. It's a good fit all around," said Boyd.
For more information about Walker Machinery or Whayne Supply go to:
www.Walker-cat.com
or www.whayne.com
Whayne Supply Company was founded in Louisville, Kentucky in 1913, and is one of the oldest and largest Caterpillar dealers in the United States. The company has approximately 1,300 employees with facilities in 12 cities across Kentucky and southern Indiana. Whayne also operates 13 Whayne, The CAT Rental Stores within its territory.
Contact Information:
Breese Watson, Whayne Supply, 502-774-4441
Roger Lilly, Walker Machinery, 304-949-6400
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