PacWest Machinery announced the acquisition of the operating assets of Clyde/West, a Portland, OR-based supplier of construction equipment in the Pacific Northwest. In addition, PacWest was appointed Volvo Construction Equipment dealer in Washington, Oregon and Northern Idaho.

Volvo CE is a leading manufacturer of heavy equipment in the construction, forestry, road and related infrastructure industries.
PacWest Machinery is owned by Seattle-based Joshua Green Corporation, a private company with interests in real estate, consumer goods, food manufacturing, distribution and public equities.

“The entrance of Joshua Green into the equipment distribution segment is another example of our desire to make long-term investments in stable industries that show attractive growth potential,” said Stan McCammon, president and CEO of the Joshua Green Corporation. “We take a long-term view when investing in regionally-based companies that are profitable and contribute in many important ways to the community. This long-term orientation sets Joshua Green apart from many investors and makes us an ideal partner for companies seeking capital or facing a generational transition.”

As part of the transaction, industry executive Andy Wold will become an investor in the company and will serve as the CEO of PacWest Machinery.

“Our affiliation with Volvo CE and the Clyde/West management team provides a platform to pursue attractive long-term growth opportunities,” said Mr. Wold. “Through the Joshua Green Corporation, we have access to the resources to invest in smart growth. As a key to our future expansion, the PacWest team is committed to providing customers with the finest products and aftermarket support services in the business.”

Under the new dealer agreement, PacWest Machinery is given responsibility for the sales, rental and service for the full line of Volvo’s general production equipment, road machinery and compact equipment.

“This transition will be absolutely seamless with continued service to the many Volvo customers in the Pacific Northwest,” said Wold. “Our team members will remain in their present positions to ensure all customer needs are met.”

PacWest Machinery will provide equipment and services to customers from four facilities located in Kent, WA, Spokane, WA, Portland, OR and Eugene, OR.