Timken acquires Wazee Companies
The Timken Company has acquired Wazee Companies LLC, a provider of motor, generator, wind and industrial crane services.
Based in Denver, Colo., Wazee had sales of approximately $30 million in 2012. The acquisition brings Timken additional diversified services including motor rewind, generator rebuild, electric controls, industrial bridge cranes and uptower wind maintenance and repair, operating from four western U.S. locations.
"We continue to focus our strategy on further diversifying the Timken services portfolio," said Carl Rapp, vice president of industrial services for Timken. "Wazee complements our industrial repair capabilities at existing customers and takes us into critical motor and generator services.
"Wazee has a strong reputation in the region it serves and is led by an experienced management team," said Rapp. "They bring great technical skills and provide an excellent footprint for us to expand our bearing and gearbox repair services." Wazee currently operates out of four locations—two in the Denver area, one in Pasco, Wash., and another in Casper, Wyo. Wazee has more than 100 employees.
The purchase includes assets from Wazee's 2011 acquisition of H&N Electric Inc., which also offers repair, maintenance and overhaul services for critical motors and wind generators in the Pacific Northwest region.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
