ASCO acquires Oklahoma-based OCT Equipment
Lubbock, Texas-based Associated Supply Company, Inc. (ASCO) has acquired OCT Equipment, Inc. (OCT), which has locations in Oklahoma City, Tulsa and Clinton, Oklahoma. The acquisition grows ASCO’s footprint to a total of 27 locations throughout Texas, New Mexico and Oklahoma.
“ASCO’s continued growth is evidence of the caliber of our employee expertise, the speed at which we service the industry to ensure customer success every day, and our ‘we’re on it attitude,’” says Courtney Vanderham, ASCO vice president, “ASCO is excited to expand our services to Oklahoma customers with the same commitment that our Texas and New Mexico customers have come to rely upon.”
The acquisition strengthens ASCO’s position as an equipment leader in key industries, including construction, agriculture and material handling, notes the company, and also expands its market leadership in growth areas such as rental.
“OCT’s reputation in equipment is strong, and we look forward to building upon it in the coming months and years,” says Chase Key, ASCO vice president. “ASCO is eager to begin customer outreach immediately to ensure seamless transitions and uninterrupted service.”
ASCO was founded in 1960 as Associated Supply Company in Lubbock, Texas by the late J.W. “Bill” Wright as a Towmotor lift truck dealership and U.S. Army surplus equipment store. Today, the company is led by Bill and Corinne’s children: Brax Wright, Steve Wright and Paula Key.
The company sells, rents and services Case Construction Equipment, plus agriculture, material-handling equipment and more.
