AmeraMex International, Inc. was incorporated on May 29, 1990 in Nevada and began trading on the OCTQB, under the symbol AMMX, on July 2019. The Company is a provider of new and refurbished heavy equipment to logistics companies, infrastructure construction, logging companies, US Military, and forestry conservation organizations—both nationally and internationally.
The Company has agreements with US-based ASV to market their line of new mastication equipment; with Taylor Machine Works to market their line of new heavy-duty forklifts and empty/loaded container handlers; Magni Telescopic to market their line of telescopic material handlers; and First Green Industries to market their line of electric skid steer loaders.
As a provider of new equipment, for sale, rent or lease, AmeraMex CEO Lee Hamre quickly recognized the advantage of purchasing used equipment from customers and other companies and reselling it. The company has a large equipment refurbishing facility in Northern California where it refurbishes millions of dollars of used equipment and resells to customers in the US and internationally.
AmeraMex has three business units: Hamre Equipment Inc., Hamre Heavy Haul; and Hamre Parts & Service.
Approximately 80 percent of AmeraMex (dba Hamre Equipment) sales are made up of refurbished equipment. To facilitate these sales, the Company has a large service department and equipment facility refurbishing millions of dollars of used equipment. These facilities are complete with steam cleaning services, sand blasting, a busy paint shop and a large parts inventory.
AmeraMex supplies equipment to many different industries. In 2021, 22 percent of the revenue was generated from sales to logistics companies, 14 percent from the construction industry, 23 percent from forestry conservation. The remaining revenue is generated from the lumber, mining, and agriculture industries.
The increase of imports and exports has also created a demand for EPA-approved forklifts and container handlers. In 2021, US trade with foreign countries was $4.58 trillion. This was broken down into $1.75 trillion in exports and $2.83 trillion in imports. The US is the world’s third-largest exporter, after China and the EU. The US is the world’s second largest importer after the EU.
Infrastructure projects often require the rental or lease of heavy equipment. In 2021, rental/leased equipment contributed approximately seven percent of the Company’s annual revenue. There is a demand for construction equipment and AmeraMex is expanding its rental fleet of heavy equipment with front-end loaders, scrapers excavators, backhoes and rock trucks.
The global heavy construction equipment market is expected to reach $90.4 billion by 2025 at a CAGR of 5.4 percent. According to a new report by Grand View Research, Inc., increased investment of infrastructure will be a major factor in driving market growth.
Another division of AmeraMex is Hamre Heavy Haul. Its customized fleet of heavy haul equipment, including a fleet of Kenworth trucks and Cozad heavy haul trailers, transports heavy equipment for AmeraMex and other divisions of the parent company. The Heavy Haul division also markets its services to other companies.