Gregory Poole Expands Lift Systems Division with Acquisition in Virginia

Expansion Expected to Increase Division's Sales by 10% in 2012

2012-07-20

RALEIGH, NC, July 20, 2012 (Press-News.org) Gregory Poole Equipment Company, a Caterpillar dealer and industry leader since 1951, is pleased to announce they have expanded their Lift Systems Division through the acquisition of LiftOne, a division of Carolina Tractor & Equipment's Roanoke, Virginia, based territory. The acquisition will provide Gregory Poole's Lift Systems Division, which is already one of the largest forklift distributors in North & South Carolina and Virginia, an expanded reach into the Western area of Virginia, and a small section of West Virginia.

All LiftOne operations and employees will be merged into the operations of Gregory Poole Equipment Company effective June 18, 2012. Customers of LiftOne will now have access to Gregory Poole's full spectrum of resources and technical support. Each Gregory Poole Lift Systems branch location provides full maintenance, field service, OSHA Safety Training, Fleet Management and rental services through experienced and highly trained forklift technicians, state-of-the-art tooling, and a fully stocked parts department. With the acquisition, Gregory Poole's Lift Systems Division will now have ten locations across three states, 92 service vehicles and over 100 technicians.

"This is a great opportunity for us to expand our service and customer base across Virginia, allowing us to utilize all of our resources," said Gregory Poole III, Chairman, President, and CEO of Gregory Poole Equipment Company. "In addition, the merger will provide our customers with additional access to technical support resources aligned with our other manufacturers."

Gregory Poole's mission is not only to be a great product and service provider, but to also develop and sustain meaningful relationships with its customers, employees and throughout its community locations. Since its beginning in 1951, Gregory Poole Equipment Company has expanded to over seven divisions and employs over 850 employees at 22 facilities located throughout parts of North Carolina, South Carolina, Virginia and West Virginia. Gregory Poole employees are dedicated to community engagement and participate in numerous fundraising efforts and volunteer personal time for various causes. Gregory Poole is also a proud corporate partner of several charitable organizations like the United Way, The V Foundation for Cancer Research, the Multiple Sclerosis Society, and supports several educational outreach programs with local universities. The company remains family-owned today by James Gregory Poole III, who has been Chairman, President, and CEO since 1999. To learn more about Gregory Poole, please visit http://www.GregoryPoole.com

About Gregory Poole Equipment Company
Gregory Poole Equipment Company was founded by James Gregory Poole, Sr., and his uncle, William Lewis Gregory, on April 1, 1951. With headquarters in Raleigh, North Carolina, Gregory Poole became the Cat construction equipment dealer for eastern North Carolina. Since that time, the company has expanded its operations to 22 locations providing sales, rental, parts and service for construction, agriculture, forestry, material handling, floor cleaning, marine power, on-highway transportation, compressed air and electric power generation equipment in the eastern parts of North Carolina, South Carolina and Virginia and West Virginia. For more information on Gregory Poole Equipment Company, please visit http://www.GregoryPoole.com.
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