Snake River acquires snow removal equipment provider Kodiak America
Snake River Holdings has acquired Kodiak America, a Burley, Idaho-based designer, developer, manufacturer, and distributor of snow removal equipment.
The financial terms of the deal were not disclosed.
Kodiak America caters to the FAA, State, Federal and Global Country Departments of Transportation.
Snake River Holdings, which is a holding company focused on the large equipment sector, is the owner of Apache River LLC and Double L Manufacturing.
Brek Pilling — CEO of Kodiak America said: “Kodiak is in its third phase of ownership and growth through direct family participation. We are now ready to see Kodiak reach its full, worldwide potential through Snake River Holdings’ purchase.
“Snake River Holdings will maximize Kodiak’s manufacturing potential and fulfill the need for a significant line of new products.”
Snake River acquires snow removal equipment provider Kodiak America – Grant Flaharty – CEO of Snake River Holdings (l) and Brek Pilling, CEO of Kodiak America (r). Photo courtesy of Snake River Holdings.
The combination of Kodiak America and Snake River Holdings is claimed to benefit the community of Idaho’s Magic Valley. Apart from that, the acquisition will help continued engineering and manufacturing growth in the region, said Snake River Holdings.
Grant Flaharty — CEO of Snake River Holdings said: “The merger of these two, exceptional companies creates significant benefits for Kodiak America. This includes the use of the world class, Burley, Idaho based, Double L manufacturing capacity. As well, we will create dynamic synergy between the two companies with shared, engineering innovation and ideas.
“The benefits of combined global sourcing will allow us to meet the rapid growth projections of the combined companies. Our team will reduce cycle time, increase overall quality and maximize on-time delivery goals.”