GROFF TRACTOR ACQUIRES FOLCOMER EQUIPMENT
Mid Atlantic Expansion Includes Six Branches in Maryland and Delaware


Mechanicsburg, Pa. (September 2, 2017) – Groff Tractor is pleased to announce the acquisition of Folcomer Equipment Company, a CASE dealer with locations throughout Maryland and Delaware. This acquisition makes Groff Tractor one of the nation's largest CASE dealers, with 15 locations across the Mid Atlantic United States.

"Over the past 16 years, Groff Tractor has been fortunate enough to have a group of dedicated employees that has allowed it to grow from a $30 million company operating out of five locations to a $165 million company operating out of 11 locations," said Mike Savastio, president of Groff Tractor. "With the new addition of Folcomer Equipment, the Groff Tractor family will now become a more than $200 million operation with 15 locations across Maryland, Delaware, New Jersey, and most of Pennsylvania."

Savastio added that during his 16-year tenure at Groff Tractor, both his company and Folcomer Equipment have enjoyed a great relationship on both a business and personal level with Dave and Ann Folcomer.

"We have supported each other as good neighbors and have always tried to help each other out with equipment needs, demos, or parts support," Savastio added. "Folcomer Equipment has done an outstanding job of servicing customers over the past 25 years in the Maryland and Delaware markets and has been a company that Groff Tractor has admired from the outside. We are honored to have been chosen and look forward to serving the customers and employees of Folcomer Equipment as we move forward."

Dave Folcomer, owner of Folcomer Equipment Company, will become the president and COO of Groff Tractor Mid Atlantic and will be in charge of day-to-day operations. Ann Folcomer will be the controller of Groff Tractor Mid Atlantic and will be responsible for all accounting functions.

"This acquisition will provide our customers more access to larger equipment, as well as to a larger range of rental equipment options," Folcomer noted. "Equipment pricing also will be more competitive, because we'll be able to buy in larger quantities and get larger discounts."

Folcomer was pleased that his company's employees will be taken care of, as well.

"Groff has been very fair to our employees, and they put out a nice plan for everybody. We expect to retain all the employees," he said. "We're looking forward to continuing the business with Groff, and our business will be bigger and better with Groff."

"The existing Groff Tractor facility in Frederick, Md. will eventually merge with the Folcomer branch to become a single Groff Tractor Mid Atlantic Branch. This transition will occur sometime in the next 90 days," explained Jim Price, CFO at Groff Tractor. "As we move forward with this exciting acquisition, all Groff Tractor locations and employees will continue to assist customers with the best possible service. Taking care of customers has been and will continue to be our number one priority."

About Groff Tractor
Groff Tractor is a full line construction equipment dealer that has been serving Pennsylvania for 55 years. Their corporate headquarters are located in Mechanicsburg, with fourteen additional branch locations throughout New Jersey, Maryland, Delaware, and Pennsylvania. Equipment manufacturers represented by Groff Tractor include: CASE, Wirtgen, Terex Construction, Takeuchi, Atlas Copco, Hamm, Vögele, Wacker Neuson, AGL, Interstate, Kleemann, and Liebherr. For more information, visit their website at www.grofftractor.com.