MTI Equipment, a distributor of used horizontal directional drills (HDD), has been re-purchased by its founding ownership group.
MTI was established in 1986 as a telecommunications installation provider, and in the early 1990s began selling pre-owned underground construction equipment. Shawn Hendricks and Canon Stahl were both owners of the business at the time of the first sale of MTI Equipment in 2012. Stahl and Hendricks have more than 40 years combined serving in various leadership roles at MTI Equipment. They both stayed on the leadership team after selling the company, playing a pivotal role in MTI’s growth. Alain Trimble has served in roles effectively leading operations and as president for the previous owners.
The new group purchased all inventory, personnel, and property, which includes the recently built 39,000-square-foot facility in North Port, Florida. Trimble played a key role in the development of the new property
“We are excited to grow upon MTI’s successful history of providing reliable directional drilling equipment to contractors,” he said in a prepared statement. “We are also committed to creating a great work environment for MTI’s current employees and providing support to the community here in Southwest Florida.”
In a prepared statement, Stahl said, “Over the years, MTI has set the standard for customer service in the pre-owned HDD market. Because of this, we have developed a loyal customer base and we are determined to continue to provide the best equipment and support possible.”
Said Hendricks in a statement:
“MTI has provided 20 plus years of backing to the growing HDD industry. We hope to continue to bring support to both the Ditch Witch and Vermeer dealer organizations.”
Source: MIT Equipment
