January 1, 2011
Pittsburgh, PA: Lewis-Goetz and Company, Inc. (“Lewis-Goetz” or the “Company”) announced it has acquired substantially all of the assets of EVCO House of Hose (EVCO), a Salt Lake City, Utah based distributor of hose, fittings and related products. EVCO specializes in the fabrication and supply of industrial and hydraulic hose products for a variety of industrial applications throughout the Rocky Mountain region. The acquisition was effective January 1, 2011.
In commenting on the acquisition, Jeff Crane, President and CEO of Lewis-Goetz said, “The EVCO locations provide an obvious geographic fit for our expansion plans. With locations covering much of the Mountain West the acquisition fills a geographic hole in our footprint but also provides great synergy from an end-market standpoint. With an emphasis on oil and gas as well as construction EVCO provides very similar products and services to end markets and common customers that we know very well.”
“I have had the pleasure of getting to know Dave Adkins, EVCO’s General Manager over the last several years and we were thrilled to have the opportunity to learn more about their business. The company that he and owner Dean Jolley have built is very impressive. Given their expansion plans and our resources the fit between the two companies was obvious from the start. We could not be more excited to help them achieve their very aggressive growth plans, to learn more about their competitive strengths and to share our best practices with them.”
“Under Dean Jolley’s ownership the company has grown four-fold,” says Adkins. “With Lewis-Goetz, we are confident that EVCO will continue to grow in our selling region. Lewis-Goetz shares our values and objectives and offers the chance for EVCO to expand its product mix and add continued value to our customers.”
Dave Adkins will continue to manage the EVCO locations and report to Jeff Crane as the Region Manager for Lewis-Goetz’s new Mountain Region.
Lewis-Goetz is headquartered in Pittsburgh, Pennsylvania and is one of North America’s largest industrial distributors. Lewis-Goetz recently ranked 32nd on Industrial Distribution’s 2009 list of The Big 50 Distributors. You can visit www.lewis-goetz.com for more detailed information.
