Multiquip CEO retires

Irv Levine, chairman of Multiquip Inc., has retired nearly 30 years after founding the construction equipment company. “It’s been an unbelievable experience for me and one heck of a ride,” Levine says. “I believe our success is truly due to the philosophy of taking care of our customers and our employees.”

Levine founded Multiquip in Long Beach, Calif., in 1973, establishing the company as the exclusive U.S. distributor for Mikasa compaction equipment. After purchasing a number of other companies over the years, the company is now a leading supplier of soil and asphalt compaction equipment; concrete placing, finishing and cutting machines; portable power generation equipment; dewatering pumps; welders and light towers. Multiquip has more than $200 million in annual sales, with offices in England, Mexico, Canada and Brazil.

Multiquip’s new CEO is Tom Yasuda. He has been associated with the company for more than 20 years, serving most recently as executive vice president.

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