JACKSONVILLE, FL — HD Hyundai Construction Equipment North America and National Equipment Dealers (NED) announce a five-year distribution agreement to accelerate Hyundai’s North American market coverage and growth initiatives while expanding NED’s dealership territory coverage.

NED CEO Zack Kavanaugh and President & COO Jesse Beasley recently visited Hyundai’s top executive management in Seoul, Korea, to discuss the new agreement, which establishes multiple Hyundai “flagship stores” to expand NED’s dealer footprint.

The new NED branches will be Hyundai-branded stores. These strategic locations in high growth-potential markets include a recently-opened branch in Jacksonville, Florida, and future locations in Fort Myers, Florida; and Austin and Dallas, Texas. The new branches will stock Hyundai inventory ranging from compact excavators and skid steer loaders to larger crawler excavators, wheel loaders, and off-road haul trucks. They also will be well equipped with service facilities and tooling to provide service to Hyundai customers.

“This strategic alignment with HD Hyundai along with our shared vision for growth and focus on new markets, will help us reach new Hyundai customers while providing exceptional product, sales, and service support to a broader customer base,” Kavanaugh said.

“HD Hyundai values our strategic relationship with NED,” said Stan Park, President, HD Hyundai Construction Equipment North America. “The new NED ‘flagship stores' ensure high-profile presence for Hyundai in several fast-growing markets, with the further assurance of excellent customer support.”