The Fields Companies enter foundation equipment market with JDF Equipment
The Fields Companies announced its latest business venture this week, continuing its evolutionary path of becoming a vertically integrated steel source by entering into the foundation equipment market with JDF Equipment.
The new division offers cost effective, reliable vibratory and impact hammers for rent or sale in North America and other markets. The move will add another sister company to the family-owned-and-operated JD Fields & Company, Inc. – a leading international supplier and distributor of API line pipe in essential oil & gas and piling systems for heavy civil, port and marine projects.
The initial foundation equipment offering will include both standard frequency and variable moment vibratory hammers and single-acting impact hammers with more to come including double-acting hydraulic impact hammers, specialized PSPC concrete pile hammers, soil compaction, wick drain and stone column equipment in late 2021. The vibratory hammers will be powered by made in the USA Caterpillar Tier 4 diesel engines.
The business will be led by industry veteran Mike Songer who brings over 45 years of experience. He will oversee day-to-day sales and service operations, bringing global market knowledge and commercial pile equipment experience, lending immediate credibility to the new venture.
“The addition of JDF Equipment to The Fields Companies’ portfolio will add another layer of service to our steel and piling customers,” said The Fields Companies CEO Jay Fields. He added, “In addition to providing high quality piling, we now have the means to provide equipment to our customers that can complete a wide range of oil and gas and maritime projects across the continent. This will align The Fields Companies as a full-service enterprise that will ultimately pass savings onto our customers.”
The expansion of The Fields Companies is the vision of Jay Fields of the fast-growing steel distribution and manufacturing conglomerate. Fields also serves as President and Chief Operating Officer of JD Fields & Company, Inc., the parent company’s progenitor. JD Fields has been a respected supplier of steel pipe and piling for over 35 years.
The Fields Companies first expanded its reach into steel manufacturing in 2020 with the acquisition of Alameda Pipe & Fab, a California-based steel piling company specializing in foundation project for the oil & gas and marine industries. It will launch pipe production in 2021 with JDF-HDM Spiralweld, a producer of tubular products for transportation, marine and infrastructure foundation projects along with related specialty structural steel slated to break ground in East Houston later this year. The latter business move was announced in January 2021 with the announcement of a joint venture with Turkish steel manufacturer HDM Tubes, Ltd.
The Houston-based holding company also includes Bear Dean Capital, an investment company focused on real estate, hospitality and production as well as Foxgate Capital, a private equity firm focused on financially sound investments in the real estate sector.
“I am proud to join The Fields Companies and look forward to leading one of its six subsidiary companies in a fast-growing business,” JDF Equipment General Manager Mike Songer said. “The Fields Companies management has formed a construction products group that is loaded with experienced construction sales professionals, which will be a huge asset as we start introducing our new foundation equipment to the industry. I look forward to being a part of the energy Jay Fields and his team have been building.”