AMECO of Greenville purchases Cincinnati firm

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Greenville-based site services company AMECO has acquired F&M MAFCO, an international supplier of tools and equipment rental, sales and service programs.

The company will be headquartered in Greenville but maintain a “significant” operations presence in Cincinnati, the F&M MAFCO home base.

A news release said the two companies “will solve construction and maintenance industry challenges by improving the availability of materials, creating onsite labor efficiencies, reducing project costs and enhancing safety and sustainability efforts.”

“The transformational combination of these two great brands and teams creates a comprehensive site services offering that is truly unprecedented in our industry,” Gary Bernardez, CEO of AMECO, said in the news release. “Our combined strengths enable us to expand the boundaries in providing innovative site solutions to our clients on capital construction, facility operations and maintenance projects across a greater geographical reach. This is a game-changer."

Tim Fries, F&M MAFCO's CEO, was named chief growth officer of both organizations and president of F&M MAFCO. He will report directly to Bernardez and be responsible for developing and implementing a long-term growth strategy, the release said. Fries will oversee all joint strategic planning, business development, marketing and client success initiatives while maintaining his role as president of F&M MAFCO.

“I am very excited about the growth potential that a combined AMECO and F&M MAFCO product and services offering can have on our businesses,” he said. “Both companies have great brand recognition and reputations in the marketplace. More importantly, we share common core values and company cultures, which will be a key ingredient in delivering exceptional service to clients and securing our future success.”

The past year has been an eventful one for AMECO, which grew out of services provided by Fluor. In June 2021, the company was spun off from Fluor and purchased by private equity firm One Equity Partners for $73 million. Two months ago the company opened a new facility near Baton Rouge, La., to address increasing demand for its services in the Gulf Coast area. 

“In today’s business environment, the ability to deliver onsite solutions that provide cost certainty, reduce redundancy of sitewide services, enhance site ESG and sustainability programs, increase uptime and improve labor efficiencies is a huge win for our clients,” Bernardez said in the news release today. “Together, AMECO and F&M MAFCO will deliver unmatched levels of innovation, efficiency and value across multiple industries. We make a powerful team.”

AMECO delivers solutions for efficient planning and management of construction indirect products and services, such as scaffolding, tools, water and ice distribution, fueling, vehicles and construction equipment, throughout the project life cycle to the construction and maintenance markets in North America. Industries served include energy, chemicals, advanced technology, biotech, manufacturing, infrastructure, mining and government.