![]() Given the industries it serves and the financial discipline with which it is run it survived a blow that 355 of the industry did not. The forklift market in 2007 went from 200000 units to 90000 units and Moderns market went to 75% electric. Modern would not have competed given it's size and ESOP structure. The rental business was sold when the industry competition became United, Sun Belt, Hertz, etc all large national public companies. The leadership team in 2007 was the same team that brought the company from 60MM to 200MM. More than half of Moderns service revenues in the forklift business comes from non Hyster product. 60% of Moderns revenues still comes from the forklift business. If you want to have a fact based conversation you know where to find me and I welcome all conversations. I am not fond of social medial when an individual can post without attribution. That is I record I am extremely proud of as is our board.Īs Chairman and a major shareholder I remain very confident in our management team and the future of Modern. For the record 54% of the retained earnings of the company have flowed to employees, that is on top of salary and benefits. I am very confident that our founders would love the changes we have made It was in their DNA and it continues in mine and the current management team. We are continuing to grow and thrive and change with the market. This is a new day for an established company and I can promise you that the one thing that won't change is our values and how we respond to our customers, employees, and partners. We have selected new partners which we feel match up with our customers and the markets we serve and as a result we have laid down our relationship with Hyster with whom we have had a long and productive relationship. We are also an open door/open book company and as such I am happy to have a conversation with any individual. Modern continues as a customer focused/employee owned company. Visit one of our nearby locations today in Harrisburg, PA Philadelphia, PA Wilkes-Barre, PA Ebensburg, PA Butler, PA Pittsburgh, PA Syracuse, NY and Albany, NY.So now that the dust has settled and the news is public let me respond to some of the comments. Also offered are the Bandit line up of Tree & Brush Chippers, Stump Grinders, BEAST Horizontal Grinders and land clearing equipment. They offer the best industrial mowing equipment and attachments from Tiger and Diamond mowers. Here at Stephenson Equipment you could say "asphalt is in our blood", our heavy equipment division offers great road building and repair equipment brands like LeeBoy & Rosco, BOMAG, Falcon and Cimline. In addition, our public works & infrastructure division offers superior municipal truck packages and custom truck up-fits along with municipal equipment and supplies like Stewart Amos street sweepers, Vaccon sewer & water jetters and Custom & PennDOT approved road signs. SEI has a OSHA Crane Inspection team of full-time employees that also performs dielectric testing. ![]() SEI offers the industry CCO prep courses with hands-on training and practical testing at several facilities. They also bring you trusted brands like Manitex Boom Truck & Knuckle-boom Cranes, Montarent Montalift 4WD-4WS Mobile Tower Cranes, and Elliott HiReach Sign Cranes. Stephenson Equipment provides cranes & lifting solutions, asphalt paving, road maintenance, construction equipment, and public works & infrastructure equipment sales, rentals, parts, and service to Pennsylvania, New York, and surrounding areas.įor the lifting industry, Stephenson Equipment is your trusted dealer for the Manitowoc family of cranes including Manitowoc Crawler Cranes, Grove All-Terrain Cranes, Grove Rough-Terrain Cranes, Grove Hydraulic Truck & Crawler Cranes, National Crane Boom Truck Cranes, and Potain Self-Erecting Tower Cranes.
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