Mazzella Companies Acquires Denver Wire Rope & Supply
Transaction Expands Company’s Presence Into Western United States
CLEVELAND, OH – Mazzella Lifting Technologies, a Mazzella Company, is pleased to announce the acquisition of Denver Wire Rope & Supply. This acquisition will strengthen Mazzella’s footprint west of the Mississippi River and reinforce Mazzella’s commitment to be a one-stop resource for lifting and rigging services and solutions.
Denver Wire Rope & Supply has been in business since 1983 and services a variety of industries out of their location in Denver, CO. Denver Wire Rope & Supply is a leading supplier of rigging products, crane and hoist service, below-the-hook lifting devices, and certified rigging inspection and training. Effective immediately, Denver Wire Rope & Supply will operate as Mazzella / Denver Wire Rope. Terms of the transaction are not being disclosed.
“Denver Wire Rope & Supply will complement the wide range of products and services that Mazzella Companies offers. We are dedicated to being a single-source provider for rigging products, overhead cranes, rigging inspections, and rigging training. Both companies commit to a customer-first mentality, providing the highest-quality products, and leading by example when it comes to safety and sharing our expertise with customers and the market,” says Tony Mazzella, CEO of Mazzella Companies.
This acquisition will provide Mazzella Lifting Technologies with a western U.S. location that will allow them to grow and expand their reach past the Oklahoma City market.
“Our team and family are excited to be part of the Mazzella Companies. This acquisition strengthens our place in the market and allows our team to continue to provide excellent service and products to our valued customer base and expand our offering,” says Ken Gubanich, President of Denver Wire Rope & Supply.
“Over the years, we have had numerous companies show interest in purchasing Denver Wire Rope & Supply, none seemed to be the right fit. We are looking forward to becoming a part of an aggressive, passionate, and progressive organization. As a family business for over 36 years, it is important to us that our customers/friends, suppliers, and team members continue to be treated with first-class service, products, and employment opportunities. Again, we are very enthusiastic about our future and look forward to being a quality supplier for your crane, safety training, rigging, and hoisting needs for years to come,” says Gubanich.
“We wish Ed and Carol Gubanich all the best in their retirement. We welcome Ken and the other second and third-generation Gubanich family members, as well as the entire Denver Wire Rope Team, into the Mazzella organization,” says Mazzella.
About Mazzella Companies
Mazzella Companies employs over 800 individuals in 30+ locations in North America. Mazzella is one of the largest independently-owned companies in the overhead lifting and rigging industries and is a manufacturer and distributor of a wide range of lifting products for industrial, commercial and specialty applications. In addition, they are a leading manufacturer of world-class overhead cranes, specialty machinery and overhead crane services. Some of the major markets Mazzella serves are: Mining, Steel, Oil & Gas, Construction, Energy, Shipbuilding, Vehicle and Durable Goods. Mazzella’s diverse portfolio includes Sheffield Metals a manufacturer and distributor of coated bare metal products for engineered metal roof and wall systems. New Tech Machinery is a manufacturer of portable roof panel and gutter machines—recognized as the world’s finest portable rollformers.