Jul 24, 2019   SOURCE: BusinessWire

ASV Holdings, Inc. Announces Multiple-Location Dealer Agreement with Rish Equipment Company

ASV Holdings, Inc. (NASDAQ: ASV), a leading provider of rubber-tracked compact track loaders and wheeled skid steer loaders in the compact construction equipment market, today announced that it has entered into a dealer agreement with Rish Equipment, a leading equipment distributor with locations in West Virginia, Virginia, and Maryland. ASV products will be distributed in each of the company’s fourteen locations, and initial deliveries are slated to begin in the second half of 2019.

ASV will provide Rish Equipment Company with its full line of compact track loaders, featuring the company’s proprietary and unique Posi-Track undercarriage system, which represents the dealer’s entrance into this market, joining Komatsu, LeeBoy, Dynapac, NPK, and Sakai, among others, as well-known branded equipment that are offered throughout this dealer network. Rish, founded in 1934, and currently with over three hundred employees, has grown to become one of the premiere heavy equipment distributors in the United States, serving residential and commercial construction, highway construction, paving, aggregates, mining, landscape construction, forestry, demolition, agriculture, industrial, utility, and government markets.

Justin Rupar, Vice President of Sales and Marketing of ASV Holdings, Inc., commented, “We are excited to announce our partnership with Rish, a historic tier-1 equipment dealer which offers new, used and rental equipment in each of its 14 locations. They share our vision, with its mantra being to provide excellent service support with an extensive parts inventory, highly trained service personnel, mobile and on-site service to eliminate travel and minimize downtime. We have long prided ourselves in having the most maintenance-free machines available in the market and look forward to growing our business together with Rish and helping them to become a leading ASV distributor.”

About ASV Holdings, Inc.

ASV Holdings, Inc. is a designer and manufacturer of compact construction equipment. Its patented Posi-Track rubber tracked, multi-level suspension undercarriage system provides a competitive market differentiator for its Compact Track Loader (CTL) product line with brand attributes of power, performance and serviceability. Its wheeled Skid Steer Loaders (SSLs) also share the common brand attributes. Equipment is sold through an independent dealer network throughout North America, Australia, and New Zealand. The company also sells OEM equipment and aftermarket parts. ASV owns and operates a 238,000 square-foot production facility in Grand Rapids, MN.

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