Hugg & Hall Equipment Co. of Little Rock and Scott Equipment Co. LLC of Monroe, Louisiana, said this week they’ve agreed to trade Volvo and Toyota manufacturer territories in Louisiana and Arkansas.
The companies said in a news release that the swap will “better align product offerings with each company’s business model and target markets.”
Under the agreement, which went into effect on Tuesday, Hugg & Hall transferred its Volvo Construction Equipment territory in Arkansas to Scott Equipment; in return, Scott Equipment transferred its Toyota Material Handling territory in Louisiana to Hugg & Hall.
“This is a transformative agreement that enables Hugg & Hall to expand our industry-leading position in the forklift market, sharpen our manufacturer relationships and deliver greater value to clients by enhancing the core capabilities we provide throughout our operating territory,” Hugg & Hall President John Hugg said in a news release. “Volvo Construction Equipment and Toyota Material Handling have both lent their full support to this innovative arrangement and are optimistic the new structure will result in growth across each brand.”
Hugg & Hall is an industrial and construction equipment provider with locations in Arkansas, Louisiana, Oklahoma, Texas and Missouri. It ranked No. 38 on Arkansas Business’ most recent list of the state’s largest private companies, with 2018 revenue of $290 million and 550 employees.
Tuesday’s agreement agreement calls for Hugg & Hall to operate out of current New Orleans and Baton Rouge Material Handling locations. Operations in Broussard, Lake Charles, Alexandria, Shreveport and Monroe will be absorbed into existing Hugg & Hall facilities. Scott Equipment will absorb the Hugg & Hall Volvo operations into Scott’s existing Arkansas facilities.
In order to expand their presence in Louisiana, Hugg & Hall intends to retain Scott’s material handling employees within the territory. As part of the deal, Scott Equipment will absorb Volvo-specific Hugg & Hall team members into its current Arkansas operations.
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