SMT is continuing its network expansion into the United States for Construction Equipment with the acquisition of Sierra Machinery and its operations throughout West Texas and Southern New Mexico.
The closing of the sale was on July 25 and represents the transfer of ownership of Sierra Machinery Inc and its two locations in El Paso, Texas and Artesia, New Mexico. This company was founded by brother and sister Al and Maria Teran in 1981 and is the exclusive Volvo Construction Equipment Distributor in West Texas and Southern New Mexico.
SMT represents over 75 years of experience in the Construction Equipment industry and currently operates in thirty one countries in Europe, Africa, and in the US. The company, considered as high-performing dealer by Volvo, provides advanced solutions to the industry.
“The acquisition of Sierra Machinery is an important step for ROMCO. This strategic move further strengthens our position in the industry and enhances our ability to deliver comprehensive construction equipment solutions to our valued customers in the region. The expertise and experience of the dealership’s talented team will be integrated into our existing operations, ensuring a seamless transition and continuation of the exceptional service that both companies are known for. SMT will bring its recognized industry leading systems and processes. Accessing ROMCO inventory and other resources will enable to unlock the full potential of both entities.” Jérôme Barioz, CEO of SMT Holding.
“Sierra Machinery has been an employee-focused company offering premium products and outstanding customer support for over 40 years. These core values align with ROMCO Equipment, and we are excited to welcome Sierra Machinery and their customers into the ROMCO family,” added ROMCO President Steve Passmore. “We’re thrilled to have Volvo CE as a partner as we take our dealership to the next level with this expansion.”
SMT looks forward to benefitting from Sierra Machinery’s forty plus years of experience in the West Texas and New Mexico market and plans to invest further in rental activities, technical upgrades, and employee development programs.
“We look forward to working hand in hand with SMT/ROMCO to continue the excellent service and products we have been known for these 43 years. This team effort will afford our employees and customers the security, sustainability, and long term assurances they deserve.” shared Maria Teran, Owner and President at Sierra Machinery.
“We thank the Sierra Machinery team for their partnership and commitment as a Volvo CE dealer,” said Scott Young, Interim President of Region North America, Volvo CE. “And we’re happy to see this growth for ROMCO. They have been a valuable member of our dealer network for years, and I know that they will continue to be great partners for us and for their new customers in their expanded territory.”