PacWest Machinery Names Jolene Logue as President; Acquires Assets of Clyde/West, Inc.; Appointed as a Volvo Construction Equipment Dealer

Jan 12, 2016, 16:26 ET from PacWest Machinery

SEATTLE, Jan. 12, 2016 /PRNewswire/ -- PacWest Machinery of Seattle, Washington today announced that Jolene Logue will be joining the company as President beginning on January 18, 2016.  "We are very pleased that Jolene will become an integral part of the PacWest leadership team," said Andrew Wold, CEO of PacWest Machinery. "Her years of management experience in equipment distribution, market development and service delivery will greatly benefit our employees, customers and suppliers." 

Ms. Logue has enjoyed a successful career in the construction equipment business with Ingersoll-Rand and Volvo Construction Equipment.  Her key assignments have included branch manager, regional director and regional vice president, including the supervision of 200 plus employees across 12 branches in the Western United States, Canada and Mexico.  

"It's an exciting time to join PacWest Machinery," Ms. Logue said. "We are in a region poised for growth and this company has the team and necessary financial resources to deliver the highest levels of customer satisfaction."  A native of Hayward, California, Ms. Logue holds a B.A. from San Diego State University, earned an M.B.A. from New York University and has been a long-time supporter of Seattle Children's Hospital serving on the Guild Association Board of Trustees and a number of related committees.

Acquires Assets of Clyde/West:

PacWest Machinery previously announced in December 2015 that it acquired the operating assets of Clyde/West, Inc. of Portland, Oregon.  "Clyde/West has supplied equipment to a growing construction industry in the Northwest for over 100 years, and the PacWest team will continue to provide customers with the finest products and services in the business" Mr. Wold said. 

PacWest Machinery is owned by Seattle-based Joshua Green Corporation, a private company with interests in real estate, consumer goods, food manufacturing, distribution and public equities.  "The acquisition by PacWest Machinery of the Clyde/West business is representative of our investments," said Stan McCammon, President and CEO of the Joshua Green Corporation. "We take a long-term view when investing in regionally-based companies that are profitable and contribute in many important ways to the community. This long-term orientation sets Joshua Green apart from many investors and makes us an ideal partner for companies seeking capital or facing a generational transition."

Appointed as a Volvo Construction Equipment Dealer
PacWest Machinery has been named as the Volvo Construction Equipment (Volvo CE) dealer in Washington, Oregon and Northern Idaho. Volvo CE is a leading manufacturer of heavy equipment in the construction, forestry, road and related infrastructure industries. Under the new dealer agreement, PacWest Machinery has responsibility for the sales, rental and aftermarket support for the full line of Volvo's general production equipment, road machinery and compact equipment.  PacWest Machinery will provide equipment and services to customers initially from four facilities located in Kent and Spokane, Washington and in Portland and Eugene, Oregon. 

"PacWest Machinery and the Joshua Green organization have a unique combination of skilled leaders and the necessary financial resources to capitalize on a growing economy in the West," said Goran Lindgren, president and CEO, Volvo CE North America. "Volvo will provide the products, support and resources required by PacWest Machinery and its management team to continue delivering the highest levels of customer satisfaction."

About Joshua Green Corporation
The Joshua Green Corporation is a Seattle-based private investment company owned by descendants of Joshua Green.  The company has its roots in the shipping industry dating back to the late 1800s, expanding in the 1920's into banking and insurance with its acquisition of People's Bank and its early investment in the predecessor company to SAFECO Insurance.  The Joshua Green Corp. invests for the long term, seeking to create value by investing in companies with existing management teams and excellent long-term business prospects.  In addition to the distribution segment through PacWest Machinery, Joshua Green has extensive private company interests in real estate, consumer goods and food manufacturing, as well as the ownership of public equities.  More information can be found at www.joshuagreencorp.com

About Volvo AB and Volvo Construction Equipment
The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells its products in more than 190 markets. In 2014 the Volvo Group's sales amounted to approximately SEK 283 billion (EUR 31 billion). The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden and its shares are listed on Nasdaq Stockholm. For more information, please visit www.volvogroup.com

Volvo Construction Equipment (Volvo CE) is a leading global manufacturer of heavy equipment used for construction, infrastructure, forestry and other related industries.  Volvo CE provides a full product range of quality machines that are manufactured, serviced and supported all over the globe. More information can be found at www.volvoce.com

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SOURCE PacWest Machinery



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