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When Jim Waitzman joined Tractor & Equipment
Company in 1945, the small struggling company had fewer
than 10 employees and was operating out of a little shop
on First Avenue North in Birmingham. When he retired -
over 40 years later - Tractor & Equipment was a strong
statewide organization with over 300 employees and with
branch operations strategically covering Alabama and Northwest
Florida.
After serving in the Navy as a pilot and
flight instructor during WWII, Waitzman returned to Birmingham.
The Chamber of Commerce was assisting vets in their job
searches. Remembering some words from one of his Auburn
Economic professors, Waitzman joined Tractor & Equipment
Company with the thought that there would be great post-war
government supported construction projects. He hoped that
construction equipment was something he could learn.
He started in the Parts Department sweeping
floors. As opportunities became available in the small
company, he went into the Sales Department. In those days,
he would leave home on Sunday night so he could be in
his West Alabama territory call on road contractors, coal
miners, rock quarries, and County Road Commissioners.
During the Fifties and Sixties he moved
into Sales management, as the company built branch operations
in Decatur, Tuscaloosa, and Anniston. The company was
owned by its senior management group, and Waitzman slowly
began to buy stock in Tractor & Equipment Company.
The farm-to-market roads and Interstate
Highway program were in full swing, and the Alabama highway
contractors were growing and adding equipment. Waitzman
became very active in the Alabama Road Builders Association
and the Plant Mix Association. At many convention functions,
he put on costume and make-up to entertain his friends
in skits portraying the hard-luck contractor, I. Bidlow.
In the Sixties, Waitzman became very active
in the American Road Builders Association, attending most
annual meetings. He also took a leadership role with AED
- Associated Equipment Distributors. He was named President
of AED in 1968. He served on an important federal government
committee, which established the first safety features
(ROPS) on construction equipment.
In 1969/70 Waitzman purchased more stock
in the company and for the first time held a majority
interest in Tractor & Equipment. He led the company
through two significant events at this time as well. The
new headquarters facility was built near the Birmingham
Airport, and he expanded the company's territory to include
South Alabama and Northwest Florida. Branches in Montgomery,
Mobile and Panama City, Florida were immediately established.
During these first 25 years as an equipment
distributor, he learned all facets of his emerging equipment
industry. He also learned about his customers' business.
He took a serious interest in some of the large rock jobs
during the Interstate days. He was an expert with crushing
equipment, asphalt plants, and paving equipment. He really
understood his equipment and could explain its capabilities
to his customers, so they could use it to their greatest
benefit.
He took an immense interest in the service
and repair aspect of the machinery business, and led Tractor
& Equipment Company to earn a very good reputation
for parts and service. He established the Renew Center,
which is still a signature feature of today's Tractor
& Equipment.
He also understood the financial side of
the equipment business as well as the special financial
needs of the contractor. Under his leadership, Tractor
& Equipment Company consistently worked with emerging
contractors, enabling them to grow their business, build
their bonding capabilities, and work through tough jobs
and weather conditions.
During the Seventies and Eighties, Waitzman
served as President and then Chairman of Tractor &
Equipment Company, and was majority owner. The company
was recognized as the #1 International Harvester construction
equipment dealers in the world. He took a very active
role in assisting International Harvester transfer its
Construction Equipment Division to Dresser Industries.
In 1984 - four years prior to his retirement - Waitzman
helped Tractor & Equipment Company align itself with
Komatsu. Then at the time of his retirement, he saw the
union of Komatsu and Dresser as they formed the Komatsu
Dresser Company.
In 1989 he fully retired, sold his stock
in Tractor & Equipment Company and turned management
of the company over to Billy Jack Roberts and Jim Waitzman,
Jr.
Waitzman was a significant factor in the
heavy equipment business - on a statewide basis and nationally.
He played an important part in Alabama's road building
industry for over 40 years. The company he nurtured remains
an important member of the industry, recently celebrating
its 60th anniversary by acquiring the Komatsu franchise
in Georgia.
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