Uperio completes P&J Arcomet acquisition6 January 2021
North American tower crane rental and service company is now wholly-owned by international tower crane solutions provider Uperio Group, which previously owned a 50% stake in the company.
Formed in 2005, P&J Arcomet was a 50/50 Joint Venture between the Arcomet Group—now part of Uperio—and P&J Cranes, which was started in 2000 by Stephen and Peter Jehle.
The company developed its original footprint from its Washington DC base, then expanded into the South from its Dallas, Texas facility in 2008, and most recently opened a new office in Georgia to support its customers in the Southeast.
The company is the exclusive distributor of Zoomlion Tower Cranes in North America, operates a fleet of over 100 cranes and has 60 employees in 16 States.
Philippe Cohet, Uperio Group CEO, said: “We thank Stephen and Peter Jehle for their trust in the Uperio Group’s ability to continue the very successful story of P&J Arcomet over the last 20 years.”
“For our group, this is an important and strategic move to fully consolidate the business in North America and leverage the company’s reputation for quality, it’s talented team and technical strengths to further develop and grow our market share. We are excited about the prospects in the tower cranes rental, sales and services market“.
Stephen Jehle, P&J Arcomet president, said: “Arcomet and now Uperio, has been a great partner and after 20 years, we felt the time was right for P&J Arcomet to be fully integrated with the global leader of our industry and further strengthen our position with further group synergies. I am confident in the new chapter in P&J Arcomet’s history that begins today, while our values and principles will remain in place.”
The company will continue to operate as before, from its headquarters located in Manassas, Virginia.
Uperio Group is based in France and it was formed from the merger of Arcomet Group in Belgium and Matebat Group in France. The Group has reported sales revenues exceeding €200m and operates a fleet of 2100 cranes in eight countries. It employs 570 people in 22 different locations.