Aspen Investments continues growth with acquisition of Hodges Rash Company
Aspen Investments, a holding company that supports the erosion control, site work materials, golf, lawn care, landscape, nursery and greenhouse markets, is growing its portfolio with the acquisition of the Hodges Rash Company.
This acquisition continues the company’s growth, after acquiring Great Lakes Turf in September of 2021. With ownership of these respected companies, Aspen Investments will work towards synergies and advancements in the industry, including carrying additional product lines.
“It’s another great day for Aspen Investments, and we get the pleasure of adding Hodges Rash Company to our growing family,” said Keith Montgomery, chief business development officer for Aspen Investments. “They have a phenomenal company culture, and are full of talented, experienced professionals. We’re looking forward to our future with them as we work to serve turf managers well.”
Headquartered near Pittsburgh, the Hodges Rash Company has been providing quality products to turf managers for more than 25 years.
“Our main customer focus has been golf course superintendents and managers of athletic fields, and we strive to orchestrate sound, agronomic programs to meet their unique set of goals,” said Hodges Rash, president of Hodges Rash Company. “This acquisition will significantly enhance the opportunities to serve our customers and open the door for larger markets.”
As a part of the agreement, they will be moving into a larger warehouse soon. They are also set to expand their distribution footprint into other customer segments, including the lawn and landscape business.