For Immediate Release
Fairbank Equipment Acquires Wylie Spray Center in Garden City, KS
Wichita, KS, August 6, 2014 – Fairbank Equipment, a Great Range Capital portfolio company, today announced it had acquired the Garden City location of Wylie Manufacturing.
Opened in 1984, the Garden City location of Wylie Manufacturing offers a selection of Wylie-branded sprayers and skid units in addition to parts and equipment from a variety of other vendors. Fairbank Equipment plans to retain all existing employees at the location and also begin offering Wylie-branded products at each of its five locations, acting as the exclusive distributor in the states of Kansas, Colorado, Nebraska and South Dakota and non-exclusive distributor throughout much of the Midwest.
“Western Kansas has long been an important region for Fairbank Equipment,” said Cody Wray, CEO of Fairbank Equipment. “Our acquisition of Wylie’s Garden City location positions us strongly to offer an even higher level of service to our customers in that region while also expanding the reach of our current operations. Furthermore, we are excited to be able to offer Wylie Manufacturing’s high quality products at each of our locations on a go-forward basis.”
“We are pleased to be able to support Fairbank Equipment’s expansion into new products and geographies. Growth, both through organic initiatives and acquisitions, remains a key tenant of our investment thesis and we look forward to making further additions to the Fairbank platform,” said Ryan Sprott, Managing Partner of Great Range Capital.
Fairbank Equipment, based in Wichita, Kansas, is the Midwest’s leading distributor of application and control equipment used in the agriculture and energy industries. Founded in 1946, Fairbank has operations in Kansas, Nebraska, Oklahoma and South Dakota. Great Range Capital acquired a majority stake in Fairbank Equipment in December 2012.
Great Range Capital, a private equity firm based in greater Kansas City, primarily targets controlling equity investments in Midwestern companies with revenues ranging from $10 to $150 million.
Learn more about Fairbank Equipment at www.fairbankequipment.com and Great Range Capital at www.greatrangecapital.com.