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.
U.K. rental company Vp plc has acquired Jackson Mechanical Services, a rental company with locations in Harpenden and Leeds in a deal valued at £3.6 million (about U.S. $4.5 million), according to U.K. media sources....More
Sunbelt Rentals has acquired Pride Equipment Corp., a leading provider of aerial equipment rental services to the New York metropolitan marketplace. Pride, founded in 1970, is a family-owned rental company owned by the Noto family....More
WesternOne Inc. has sold a significant portion of the assets of its subsidiary Britco, including its modular space rental business known as Britco Rentals, and its majority equity interest in Britco’s modular building manufacturing operations in the United States for about $45.1 million in cash....More
Sumitomo Corp. announced that is has acquired the remaining 20-percent interest in Sunstate Equipment Co. through its subsidiary SMS International Corp., making Sunstate a wholly owned company of Sumitomo Corporation Group....More
An independent rental company is seeking a Branch Manager to manage and lead its midwestern location.This is a rental company servicing the equipment rental needs of contractor companies and industr...More