Primarily, that growth is going to come organically.Minton is confident AMECOs business model is positioned for continued expansion. In Puerto Rico, AMECO offers customers equipment, tool sales and rentals, and construction support services to major capital construction projects. it is fully immersed in its growth initiative. combination of strategic initiatives implemented in recent years has placed the organization at the very top of its market. lot of companies went into Chapter 11.In response, AMECO divested many of the recent acquisitions, which placed the company in its current niche market.
Those acquisitions substantially enlarged the company, but then the industry started consolidation effort, and it also experienced tough period in the early when the margin in distributorships and the overall general rental business in North America diminished. AMECO purchased the entire construction equipment fleet approximately pieces and signed fiveyear agreement to provide equipment needs through an exclusive fully maintained onsite equipment program.
However, the majority of our Middle Eastern work is located, reports Minton. Minton indicates that AMECO also has projects in other areas of the world that dont fall within these geographic areas, including the Philippines and Indonesia. Poised to GrowThe road to the top of the market was rather complex, and the growth resulted from some necessary downsizing. AMECO Canada supplies fully managed and maintained construction equipment and Fleet Outsourcing. Home News & Views Web Marketing Want To Save Million Dollars? Vol8 As result, AMECO did very well, even though the company reduced its size.
However, perhaps more than these initiatives, it is the distinctive nature of its business that is primarily responsible for AMECOs success.No one else out there does what we do for the same breadth of customers, says Kevin Minton, AMECOs vice president of business development. Primarily, that growth is going to come organically.Minton is confident AMECOs business model is positioned for continued expansion. We took very hard look at our businesses and operations, reports Minton.
prime example of how AMECO helps its customers involves work it performed for major oil refinery, involving fleet purchase, fleet management, equipment maintenance as well as rentals and tools. The contract included the complete outsourcing of construction equipment. Were seeing lot of success with it. We actually manage the fleet for them.The process includes an evaluation phase assessment to identify opportunities for improvement, alignment phase to establish procedures, reporting requirements and measurable goals, startup phase execution of the onsite tool and equipment program, and improvement phase to ensure continuous improvement to equipment and tool operation.
