The Timken Co. has acquired the assets of Wazee Co. 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.
Based in Denver, CO, Wazee had trailing 12-month sales through December 2012 of approximately $30 million. The acquisition brings Timken additional diversified services including motor rewind, generator rebuild, electric controls, industrial bridge cranes and uptower wind maintenance and repair, operating from four western U.S. locations.
"We continue to focus our strategy on further diversifying the Timken services portfolio," says Carl Rapp, vice president of industrial services for Timken. "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," says Rapp. "They bring great technical skills and provide an excellent footprint for us to expand our bearing and gearbox repair services."
The purchase includes assets from Wazee's 2011 acquisition of H&N Electric Inc., which also offers repair, maintenance and overhaul services for critical motors and wind generators in the Pacific Northwest region.