A construction sites services company has acquired a supplier of tools, equipment rental and service programs.
AMECO's acquisition of tool supplier F&M MAFCO will expand the companies' geographical reach.
According to AMECO, the acquisition will help improve availability of materials and labor efficiencies, while reducing costs. AMECO's headquarters will remain in Greenville, S.C. F&M MAFCO will maintain significant operations in Cincinnati, Ohio, the company said.
Tim Fries, CEO of F&M MAFCO, was named chief growth officer of both organizations and president of F&M MAFCO. He will report directly to AMECO CEO Gary Bernardez and be responsible for developing and implementing a long-term growth strategy. Fries will oversee all joint strategic planning, business development, marketing and client success initiatives while maintaining his role as president of F&M MAFCO.
