News Archive
Sunbelt Rentals Joins the SmartEquip Network
Sunbelt Rentals last week announced it has significantly expanded its relationship with SmartEquip. In addition to recently going live with SmartEquip’s B2B Exchange, allowing for the electronic transmission of invoices with its trading partners, the company has contracted to join the SmartEquip Network to drive fleet efficiency and conduct electronic procurement with its suppliers....
Hertz Enjoys Revenue Growth in Equipment and Car Rental
Hertz Global Holdings worldwide total revenues for 2007, including automobiles and equipment, jumped from $8.06 billion in 2006 to $8.68 billion. For the fourth quarter, revenues climbed from $1.99 billion in Q406 to $2.14 billion....
Finning Posts Robust Q4 and Full Year Volume and Profit
Vancouver, B.C.-based Finning International, the world’s largest Caterpillar dealer and a major rental player, posted record 2007 annual volume of CD $5.7 billion (about U.S. $5.6 billion), a 17-percent year-over-year increase that included increases in all of its operations. The company said its new equipment order backlog is a robust $1.7 billion....
WesternOne Equity Acquires Deerfoot Equipment Rentals
WesternOne Equity Income Fund recently announced an agreement to acquire Deerfoot Equipment Rentals, a general rental company located in Calgary and Lethbridge, Alberta, Canada. The Vancouver, B.C.-based private equity group is paying about CD $13 million for Deerfoot, a leading player in the Southern Alberta equipment rental industry. ...
Patent Access Services to Help Resurrect Hollywood & Vine
Worldwide industrial services company Harsco Corp. last week announced its Patent access services division will play an important role in the revitalization of one of the United States’ most famous intersections, Hollywood & Vine in Los Angeles. Patent will provide more than $3 million of rental concrete formwork equipment and services to San Mateo, Calif.-based general contractors Webcor Builders as it constructs nearly 2 million square feet of new retail and commercial properties at the southeast corner of the intersection....
Speedy Posts Strong Q3 and Nine-Month Gains
Speedy Hire, the United Kingdom’s largest tool and equipment rental company, posted a 39-percent volume increase in the first nine months of its fiscal year. The equipment division increased 30 percent in the nine-month period that ended Dec. 31....
Vp Enjoying Strong Start to 2008
British hire company Vp said it has increased its rental activity in the early weeks of 2008 and sees no sign of problems caused by the global credit crunch. The company said it expects to report earnings in line with market expectations, and that these results will show significant growth from the previous year....
Finnish Aerial Rental Giant Janneniska Buys Swedish Aerial Firm
Finnish aerial work platform rental company Janneniska last week acquired NOFA, a Swedish rental company. The combined companies will be able to service all aerial work platform needs from 4 meters to 101 meters....
British Fork Rent Acquires Swift Plant Hire
Independent British rental company Fork Rent plc, based in Ipswich, Suffolk, recently acquired the mechanical assets of Leicestershire-based rental business Swift Plant Hire, an in-house rental company previously owned by David Wilson Homes. The deal, terms of which were not disclosed, adds more than 120 telescopic handlers and about 20 delivery vehicles to the Fork Rent fleet, which now has more than 1,400 units. More than half of its fleet are telescopic handlers....
Atlas Copco Establishes Customer Center in Angola
Stockholm, Sweden-based Atlas Copco recently established a new, fully owned customer center in Angola, to strengthen its offering to customers in one of the world’s fastest-growing markets....
North American Rental Market Tops $42 Billion, ARA Study Says
The total size of the North American rental market was $42.3 billion in 2007, according to the American Rental Association’s 2007 State of the Industry report, released last week at The Rental Show in Las Vegas. The $42.3 billion figure included $36.5 billion in the United States and $5.8 billion in Canada....
Volvo Rents to Open Fourth Florida Franchise in Pompano Beach
Volvo Rents, owned by Enrique Irizzary of Casco Rental Llc, and managed by Rick Owens, last week announced its intention to expand further into the South Florida market with the opening of a store in Pompano Beach. Their other locations include stores serving the Fort Myers, Port St. Lucie and Tampa markets....
Trico Lifts Promotes Carmolingo, Timken
Trico Lift recently named Chris Carmolingo executive vice president and Mike Timken, chief financial officer....
Former Rental Employee Charged With Equipment Theft
A former employee has been accused of stealing about $70,000 worth of equipment from Sunflower Equipment Rental in Warner Robins, Ga., according to a sheriff’s investigator, the Macon Telegraph reported last week....
Atlas Copco Divests Spanish Rental Business Guimera
Atlas Copco S.A.E. last week divested Guimera S.A., which is part of Atlas Copco Compressor Technique’s rental operations in Spain. The divestment is part of the Specialty Rental division’s strategy to focus on its core business....
Australia’s National Hire Posts 72.6 Percent Profit Jump
Australian tool and equipment hire company National Hire Group delivered a 72.6-percent increase in fiscal first-half profit. National Hire reported net profit of AU $12.6 million (about U.S. $11.4 million) for the six months ended Dec. 31, compared with $7.3 million in the previous corresponding period....
World of Concrete Reports Second-largest Show in its History
World of Concrete show organizers Hanley Wood last week announced that 84,789 professional registrants from around the world attended World of Concrete 2008 in Las Vegas Jan. 22-25....
24/7 Hires Top Studio Rental Salesman O’Malley
Burbank, Calif.-based 24/7 Studio Equipment has hired studio rental veteran John O’Malley as vice president of sales, 24/7 president Lance Sorenson told RER....
B&G Opens Orlando Branch
Birmingham, Ala.-based B&G Equipment and Supply recently opened a branch in Orlando, Fla., the company’s fourth. The company’s primary customer base is contractor and B&G has an inventory of about 3,600 machines. It markets itself as a full-service rental and sales center offering broad repair, maintenance and skilled equipment operators. ...
Kaplan to Offer Keynote at European Rental Show
Rental industry consultant and frequent RER contributor Dan Kaplan will give the keynote address at the European Rental Association’s annual convention in Amsterdam in June, show organizers said. The keynote address will be one part of a three-day program of seminars and workshops being organized by ERA during the International Rental Exhibition to be held at the RAI exhibition center....
United Rentals Extends AT&T Contract
AT&T Inc. last week announced a three-year extension and expansion of a relationship with United Rentals. AT&T will continue to connect more than 690 United Rentals branch locations with voice and data connectivity....
True Value Recognizes Outstanding Retail Partners at Rental Market
True Value Co. recently honored hardware industry veteran Richard Steffen of Billy Goat Industries at the cooperative’s annual Rental Market last month. This designation recognized Steffen’s more than 50 years of distinguished service to the retail hardware community and the rental specialty offering. ...
AmQuip Crane Rental Names New CFO
AmQuip Crane Corp. last week named Robert Schiller chief financial officer and vice president of AmQuip Crane Rental....
QT Equipment Launches Service Trucks Rental Program
QT Equipment, an Iowa Mold Tooling Co. distributor, has launched a nationwide rental program for service equipment, renting mechanics’ trucks, lube trucks and articulating cranes. QT’s fleet of rental service equipment consists of IMT Dominator mechanics trucks, IMT SiteStar lube trucks, IMT articulating cranes and the QT Lube Trailer....
LJ Companies Adds to Sales Force
Cranston, R.I.-based LJ Companies last week named Brian Dempsey, Scott Mogavero and Frank Bonzani territory managers/crane service and rentals. Mogavero joined LJ after a stint with Quincy, Mass.-based Coastal Crane Co. Dempsey recently worked for AmQuip Crane and has more than 25 years experience in the crane rental business, including stints with NES Rentals and Shaughnessy Crane Rental. Bonzani has worked as a crane operator....
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