Equipment Depot Targets $1B Revenue by 2025, Top Leadership Positions Evolve
SEP 25, 2023 - 5:50 am
Equipment Depot is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years.
In 2020, Equipment Depot’s leadership began analyzing how the organization approached the material handling business. As a result, the team created its 2025 vision strategy, which included investment in strategic hires, expansion into key U.S. material handling markets, extensive employee advancement training and the creation of two new divisions: EQSOLUTIONS and Heavy Trucks & Port Equipment, which are cited as significant factors to the company’s growth.
As the company prepared for growth, top leadership positions began to evolve. Anthony Garcia, former Regional Vice President of the company’s South Region, was appointed president, succeeding president and CEO, David O. Turner. Garcia takes on this role after a strong showing as regional vice president of Mammoet Americas, a Dutch heavy lifting and transportation service company.
“I am proud and honored to continue Equipment Depot’s growth plans,” Garcia said. With the industry advancing at an incredible rate, from how automation, electrification, robotics and AI are playing a role, there is huge potential to reshape the landscape — I envision Equipment Depot being at the forefront.”
Jonathan Hesener advanced from vice president of sales and customer experience to chief sales officer, and Hugh Parry advance from vice president of operations to chief operating officer. Both Hesener and Parry were recognized for their extraordinary military leadership experience and involvement in General Electric’s well-recognized leadership program for former military officers.
“Equipment Depot is on an incredible trajectory,” Hesener said. “I’m pleased to be part of the pendulum shift at the company and within the material handling industry.”
“Equipment Depot has the right ‘playbook’ to hit our billion-dollar revenue target,” Parry said. “For instance, our partnership with Mitsubishi Logisnext allows direct access to the manufacturing plant for Cat® Lift Trucks, Mitsubishi, Jungheinrich®, and UniCarriers Forklifts, providing an incredible benefit and relief to customers facing equipment supply chain challenges. Additionally, we have secured strategic OEM partners in the port and heavy equipment industry, and are introducing new technologies, such as robotics and automation, which are making a quantum leap in the material handling industry.”
Clint McNair was tapped as the company’s new CFO. McNair has 22 years at Deloitte and experience in the private equity sector, and is recognized for his strategic thinking and fresh perspective on aligning finance and operations.
“From our leading-edge advancements in warehousing to bespoke automated and energy transition solutions, together with our exceptional service and emerging digital advancements, Equipment Depot is definitely becoming the Envy of the Industry,” McNair said.
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