Equipment Depot, America's largest independently operated material handling and equipment rental source, announced it is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years.
In 2020, Equipment Depot's leadership began analyzing how the organization approached the material handling business. As a result, the team created its 2025 Vision Strategy, which included investment in strategic hires, expansion into key U.S. material handling markets, extensive employee advancement training, and the creation of two new divisions; EQSOLUTIONS and Heavy Trucks & Port Equipment — which are cited as significant factors to the company's growth.
As the company prepared for growth, top leadership positions began to evolve. Anthony Garcia, former Regional Vice President of the company's South Region, was appointed President, succeeding President and CEO David O. Turner. Garcia takes on this role after a strong showing as Regional Vice President of Mammoet Americas, a Dutch heavy lifting and transportation service company. Jonathan Hesener advanced from V.P. of Sales and Customer Experience to Chief Sales Officer and Hugh Parry from V.P. of Operations to Chief Operating Officer – both recognized for their extraordinary military leadership experience and involvement in General Electric's well-recognized Leadership Program for former military officers. Clint McNair was tapped as the company's new Chief Financial Officer. McNair has 22 years at Deloitte and experience in the private equity sector — and is recognized for his strategic thinking and fresh perspective on aligning finance and operations.
EQSOLUTIONS, which launched in 2019, specializes in engineering transformative warehouse and automation solutions for manufacturing, warehousing, and distribution facilities. This allows Equipment Depot to fill an industry shortcoming — by providing the first fully end-to-end, one-source solution to help customers solve various challenges within one department.
Over the past five years, Equipment Depot has expanded into several new markets. It opened a new location in Los Angeles on the West Coast in 2021, acquired Norlift in Portland, OR and opened a new branch in Seattle, representing the newly formed Northwest region. This expansion now covers seven of the top 10 U.S. material handling markets for Equipment Depot.
Hesener said, "Equipment Depot is on an incredible trajectory. I'm pleased to be part of the pendulum shift at the company and within the material handling industry."
McNair said, "From our leading-edge advancements in warehousing to bespoke automated and energy transition solutions, together with our exceptional service and emerging digital advancements, Equipment Depot is definitely becoming the envy of the Industry."
Parry added, "Equipment Depot has the right 'playbook' to hit our billion-dollar revenue target. For instance, our partnership with Mitsubishi Logisnext allows direct access to the manufacturing plant for Cat Lift Trucks, Mitsubishi, Jungheinrich, and UniCarriers Forklifts, providing an incredible benefit and relief to customers facing equipment supply chain challenges. Additionally, we have secured strategic OEM partners in the port and heavy equipment industry, and are introducing new technologies, such as robotics and automation, which are making a quantum leap in the material handling industry."
Garcia said, "I am proud and honored to continue Equipment Depot's growth plans. With the industry advancing at an incredible rate, from how automation, electrification, robotics, and AI are playing a role, there is huge potential to reshape the landscape — I envision Equipment Depot being at the forefront."