SRC of Lexington, Inc. Company Profile
Background
SRC of Lexington, Inc., established in 2009, is an employee-owned company specializing in the remanufacturing of engines, engine components, hydraulics, and powertrain products. Serving original equipment manufacturers (OEMs) and large customers in the construction, mining, and oil and gas industries, the company operates from a 77,000-square-foot facility in Lexington, Kentucky. SRC of Lexington is ISO 9001:2015 certified, underscoring its commitment to quality management.
Key Strategic Focus
The company's strategic focus centers on providing high-quality remanufactured components that enhance equipment performance and extend operational lifespans. By offering cost-effective solutions, SRC of Lexington aims to reduce downtime and maintenance expenses for its clients. The company specializes in remanufacturing large diesel engines (11 - 78L), cylinder heads, hydraulic pumps, travel motors, final drives, transmissions, torque converters, power modules, axle assemblies, differentials, oil, water, and fuel pumps, brakes, suspension assemblies, engine components for natural gas engines, and air compressors.
Financials and Funding
As a privately held, employee-owned company, SRC of Lexington does not publicly disclose detailed financial information. However, industry estimates place the company's annual revenue at approximately $23.8 million, with over 70 employees. In May 2024, the company announced a $15.3 million investment to expand its operations in Fayette County, Kentucky, which included the purchase of a facility featuring nearly 180,000 square feet of manufacturing, warehouse, and office space. This expansion was expected to create 60 new jobs, bringing the company's total statewide employment to over 230.
Pipeline Development
SRC of Lexington's pipeline development focuses on enhancing its remanufacturing capabilities to meet the growing demand for high-quality components in the construction and mining sectors. The recent expansion in Fayette County is a strategic move to increase production capacity and efficiency, allowing the company to better serve its customers and support the growth of the remanufacturing industry.
Technological Platform and Innovation
SRC of Lexington employs advanced technologies and modern equipment in its remanufacturing processes. The company's 77,000-square-foot facility is equipped with some of the most modern equipment in the industry, ensuring high-quality remanufactured components. Additionally, the company utilizes precision Bluetooth measuring devices for accuracy and a custom-built program, TaskForge, which provides step-by-step work instructions to ensure thoroughness in the remanufacturing process.
Leadership Team
SRC of Lexington is led by a team of experienced professionals dedicated to the company's mission and growth. Key members include:
- Rob Shear: President & General Manager
- Tim Stack: Executive Vice President at SRC Holdings Corp.
- Adam Trebolo: Director of Sales & Marketing
- Cera Humphreys: Machining Support & Sales Operations Specialist
- Don Hess: Aftermarket Cylinder Heads & Machine Shop Services
- Hal King: Aftermarket Cylinder Heads, Aftermarket Engines, & Machine Shop Services (Eastern USA / International)
- John Keller: Aftermarket Engines
- Tyler Yates: Specializes in Hydraulics, Gear Pumps, HST, Hydraulic Fan Motors & Pumps, and Hydraulic Travel Piston Motors
- Scott Azure: Specializes in Powertrain & Engines, Final Drives, Transmissions, Engine Retesting, and Transmission Testing
These leaders play pivotal roles in driving the company's strategic initiatives and ensuring operational excellence.
Leadership Changes
As of February 2026, there have been no publicly disclosed significant changes or appointments within SRC of Lexington's leadership team.
Market Insights and Industry Dynamics
The remanufacturing industry, particularly in the construction and mining sectors, is experiencing growth due to the increasing demand for cost-effective and sustainable solutions. Companies are focusing on enhancing their remanufacturing capabilities to meet customer needs and reduce equipment downtime.
Competitor Analysis
SRC of Lexington operates in a competitive landscape with several key players, including:
- Dresser-Rand: Provides rotating equipment solutions.
- Mitsubishi Heavy Industries: Manufactures industrial machinery and equipment.
- Cummins Technologies India: Designs, manufactures, distributes, and services diesel and alternative fuel engines.
- MTU Aero Engines: Designs, develops, manufactures, and markets commercial and military aircraft engines.
These competitors offer a range of products and services in the remanufacturing and equipment manufacturing sectors.
Strategic Collaborations and Partnerships
SRC of Lexington has established a significant partnership with Komatsu, a global leader in construction and mining equipment. In February 2026, Komatsu announced plans to acquire the remanufacturing business assets of SRC of Lexington, aiming to strengthen its remanufacturing capabilities in North America and expand its ability to support customers as demand for remanufacturing solutions continues to grow.
Operational Insights
SRC of Lexington's strategic considerations include enhancing its remanufacturing capabilities to meet the growing demand for high-quality components in the construction and mining sectors. The recent expansion in Fayette County and the planned acquisition by Komatsu are strategic moves to strengthen its market position and operational efficiency.
Strategic Opportunities and Future Directions
The acquisition by Komatsu presents opportunities for SRC of Lexington to leverage Komatsu's global network and resources, potentially leading to expanded market reach and enhanced operational capabilities. The company is well-positioned to capitalize on the growing demand for remanufactured components in the construction and mining industries, aligning with sustainability trends and cost-saving initiatives.
