From the Dallas Business Journal: https://www.bizjournals.com/dallas/new...
This 9-ﬁgure DFW company's ambitious growth plan — double in 5 years
Aug 9, 2017, 2:33pm CDT
When you're a kid, heavy machinery is pretty awesome.
That's part of the reason why Robert Engstrom, president of Darr Equipment, knew he wanted to work in the family business from a young age. His great grandfather founded the company in 1954 and Engstrom, 40, is the fourth generation to lead the firm.
"I always had aspirations of working for my dad, he was my hero," Engstrom said. "I never really wanted to do anything else."
Dallas-based Darr Equipment is an industrial equipment supplier that represents brands like Caterpillar, LiftKing, Mitsubishi, Kalmar and Jungheinrich. Darr also services the equipment, and that's the aspect Engstrom thinks separates himself from competition.
Engstrom declined to share a specific revenue figure, but did give a range of $100-$200 million annually. He wants to make his own bold stamp on the company — double revenue in just five years.
"Which is ambitious," Engstrom admitted, "and not achievable without more acquisitions."
Darr Equipment's last acquisition in 2014 of Houston-based Adobe Equipment essentially doubled the size of the company, Engstrom said, and Darr Equipment has been digesting the move ever since.
The company's current footprint is 15 locations in Texas, Oklahoma and Louisiana. It employs 500, with 200 of those being in North Texas.
To share his strategy for growth and the industry, Engstrom sat down with the Dallas Business Journal.