The Great Depression of the 1930s was a difficult time for all businesses, and the inability of both residential and commercial customers to meet their obligations brought the company to the verge of bankruptcy. George Bannigan, however, negotiated longterm payments with all of the company’s creditors and through his perseverance every creditor was paid in full. Upon his return from the Service in WWII, Bernard “Bud” Bannigan joined his brother in the business. It fell to him to develop the contractor’s equipment side of the business, long a secondary line to the coal business.
For fourteen years following the war, the coal business gradually diminished as it was replaced by other heating fuels, and the contractor’s equipment division grew.https://www.mqb.com/
