Lightyear Capital to Acquire Neff Rentals
Lightyear Capital LLC, a private equity firm focused on financial services, announced Monday it has reached an agreement to acquire Miami-based Neff Corp. from Odyssey Investment Partners. Odyssey acquired Neff in June 2005 for $510 million, including debt. Terms of the transaction, scheduled to close in the second quarter, were not disclosed. The closing is subject to customary closing conditions and approvals....
The Age of Private Equity
Consultant and former rental company CEO Dan Kaplan talks about the impact of private equity, the sophistication of software and and why the advent of...
Picking Your Partner’s Pocket is Not the Answer
Always candid and not afraid to be outspoken, Terex CEO Ron DeFeo offers thoughts about the value of private equity investment, the future of Genie, relationships...
Private Equity Group Cancels Agreement to Acquire One Source
Oakmont Acquisition Corp. said it has terminated its previously announced agreement to acquire One Source Equipment Rental. Oakmont announced last summer an agreement to acquire One Source, a company that focuses on the industrial and general construction market and has locations in Dayton, Ohio; Lafayette, Ind.; and Decatur, Granite City and Morton, Ill....
Private Equity Group Acquires United Rentals’ Traffic Control Business
United Rentals recently announced it signed a definitive agreement to sell its traffic control business to HTS Acquisition Inc., an entity newly formed by affiliates of private equity investors Wynnchurch Capital Partners and Oak Hill Special Opportunities Fund, L.P....
Oshkosh Truck to Acquire JLG For $3.2 Billion
Specialty vehicle manufacturer Oshkosh Truck Corp. last week announced it has signed a definitive agreement to acquire JLG Industries, global leader in aerial work platforms and telehandlers. In a deal that surprised rental industry participants as much as the majority of JLG officials, Oshkosh will acquire all outstanding shares of JLG for $28 per share. The total price, including transaction costs and assumed debt, is $3.2 billion in cash on a fully diluted basis. ...
Equipment Is Not Like a Fine Wine
RER: The industry went through a few lean years and now is in a strong up-cycle. How long will this cycle last and how should rental companies manage...
Not Lost in Translation
Briggs & Stratton, a Milwaukee-based manufacturer of engines works hard to maintain a reputation for producing world-class products. With some products,...
