Modern is a leading distributor of forklifts, warehouse products, construction equipment, as well as generators and stand-by power generation and arborist equipment and supplies serving our customers throughout New Jersey, Pennsylvania, Delaware, New York and Maryland since 1946.
Bristol, PA based holding company, Modern Group Ltd., one of the nation’s largest material handling and construction equipment distributors, today announced a restructuring of its operations into a single integrated full line distributor. This restructuring was done in anticipation of future revenue growth as the economy improves and to take advantage of additional acquisition opportunities.
Dave Griffith, Modern’s Chief Executive Officer commented, “Modern has grown historically from its representation of such quality lines as Hyster, JLG, Genie, Generac, and New Holland and from some 33 acquisitions of related organizations. Therefore, now the time has come to position the company for future growth by bringing even greater efficiency to our operations and leverage our substantial investments in technology. In addition, Modern intends to significantly grow its Material Handling operations and will be making a number of acquisitions in this area.”
Effective August 1st, 2009 Modern will no longer operate as a holding company with multiple separate companies, but as a single, integrated, full line industrial distributor. This allows Modern to provide its customers the full range of product offerings and services from all locations, while maintaining a dedicated sales force and application specialists focused on specific products and services.
Founded in 1946, Modern Group, a 100% employee owned company, ranks among the largest independent material handling and construction equipment distributors, and power systems/generators in the nation, representing more than 400 product lines. A market leader, Modern Group’s companies provide sales, leasing, short-term rental, service, parts, training and financing solutions. Modern employs more than 450 people at its locations in Pennsylvania, New Jersey, Delaware and Maryland.
Bristol, PA headquartered Modern Group, one of the nation’s largest material handling and construction equipment distributors, announced the signing of a letter of intent to acquire assets of Philadelphia based Fred Hill and Son Company. Fred Hill and Son Co., established in 1894, have a 115-year history in material handling solutions.
“We are thrilled to join forces with Fred Hill and Son Co., a company with a legacy of excellence in material handling. They will represent a strong addition to our existing material handling offerings. This supplements our existing Hyster forklift relationship with additional material handling products and services”, said Dave Griffith, Modern Group, President and CEO.
“I’m excited about the opportunity that joining the Modern organization represents”, said Ken Shaw III, President, Fred Hill and Son Co. “Modern, like Fred Hill and Son Co., has a long history and excellent reputation in the material handling business. We are highly compatible organizations and we will succeed to an even greater degree operating within the Modern organization”, he added.
Founded in 1946, Modern Group, a 100% employee owned company, ranks among the largest independent material handling and construction equipment distributors in the nation, representing more than 400 product lines. A market leader, Modern Group’s companies provide sales, leasing, short-term rental, service, parts, training and financing solutions. Modern employs more than 450 people at its locations in Pennsylvania, New Jersey, Delaware and Maryland.