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Timken Aquires Wazee Companies, LLC
Posted on January 02, 2013
The Timken Company today announced its acquisition of the assets of Wazee Companies, LLC, a regional leader providing motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction. The addition of Wazee to The Timken Company's process industries segment further expands the footprint of the Timken industrial services business.
"Wazee complements our industrial repair capabilities at existing customers and takes us into critical motor and generator services. "Wazee has a strong reputation in the region it serves and is led by an experienced management team," said Carl Rapp, vice president of industrial services for Timken.
"They bring great technical skills and provide an excellent footprint for us to expand our bearing and gearbox repair services." Wazee currently operates out of four locations, two in the Denver area, one in Pasco, Washington, and another in Casper, Wyoming. Wazee has more than 100 employees.
The purchase includes assets from Wazee's 2011 acquisition of H & N Electric, which also offers repair, maintenance and overhaul services for critical motors and wind generators in the Pacific Northwest region.
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