A day after announcing its acquisition of the off-highway hauler business from Terex Corp., the Volvo Group has agreed to sell Volvo Rents to United States private equity firm Platinum Equity for approximately SEK 7.2 billion (about U.S. $1.104 billion). At closing, net financial debt in the Volvo Group’s Industrial Operation is expected to be reduced by the same amount. The sale is part of Volvo’s strategic effort to focus on the core business.
ENTREC Corp. a Canadian heavy haul transportation and crane provider to the oil and gas, construction, petrochemical, mining and power generation industries, has acquired the business and assets of HighMark Crane Ltd....More
Funds managed by affiliates of Apollo Global Management have signed definitive agreements to acquire AmQuip Crane Rental and Maxim Crane Works, two of the largest crane rental companies in North America....More
Hong Kong-based investment firm Bravia Capital has acquired a stake in Rent Alpha Private Limited, an Indian equipment rental and leasing company, for an undisclosed amount, according to an announcement from Bravia....More
Durante Rentals has acquired Quality Rent All, Carmel, N.Y., now the company’s fifth rental center and third location outside of the five boroughs of New York. Durante has branches in the Bronx, Queens, Mt. Vernon and Elmsford, N.Y....More
F&M MAFCO, Inc., the Powerful Solutions People, a leader in the equipment rental and construction supply distribution industry is seeking an experienced Sales and Rental Account Manager to join our team....More
New for 2016: Ebac Industrial Products RM4500-H and RF3500 newly expanded eco-friendly and rotomolded lines. RM4500 and RM85-H now available. Visit www.ebacusa.com to see our extensive range of products.
Ebac Industrial Products Inc.
East Coast Office
700 Thimble Shoals Blvd., Suite 109
Newport News, VA 23606-2575