H&E Equipment Completes Acquisition of J.W. Burress
Baton Rouge, La.-based H&E Equipment Services last week announced that effective Sept. 1, it completed the previously announced acquisition of all of the capital stock of J.W. Burress Inc., for a formula-based purchase price of approximately $96.0 million, subject to post-closing adjustment and other contingent payments, plus assumed debt of approximately $2.4 million....
Strong Rise in Q1 Profits for Sunbelt, Ashtead
Ashtead Plc, United Kingdom-based parent company of Sunbelt Rentals, last week posted a 26 percent rise in fiscal first quarter profits. ...
Coates Rejects Higher Offer by National Hire and Carlyle Group
Australian rental company National Hire Group Ltd. and private equity firm The Carlyle Group followed up an earlier bid to acquire Australia’s largest rental chain Coates Hire Ltd., only to have it once again be rejected by Coates management....
RSC Obtains GSA Contract
RSC Equipment Rental was awarded a multi-year General Services Administration schedule contract, the company announced last week....
Wacker Listed in SDAX of German Stock Exchange
Wacker Construction Equipment AG will be included in the SDAX of the German Stock Exchange beginning Sept. 24, the company announced last week. The decision was made by the Stock Index Committee of the German Stock Exchange....
Hertz Equipment Rental To Open Renovated and New Facilities
Park Ridge, N.J.-based Hertz Equipment Rental Corporation (HERC) last week announced the grand opening and re-opening of locations throughout the country....
ARA Foundation Awards $28,000 in Scholarships
The ARA Foundation last week announced it has awarded $28,000 in scholarships to 17 students from throughout the United States, all pursuing careers in the equipment rental industry. Scholarship awards ranged from $500 to $3,000....
Ingersoll Rand to Acquire Officine Meccaniche Industriali
Ingersoll Rand Company Limited last week announced that it has signed an agreement to purchase privately owned Officine Meccaniche Industriali srl , a European provider of compressed-air treatment equipment. Terms of the transaction were not disclosed....
Thai Rental Company Adds Italian Forklifts
T.C.J. Asia Plc, a Thailand-based machinery and crane rental and sales company, has added forklifts and industrial vehicles from Italy to its fleet....
Ritchie Bros. Conducts First Auction in Dubai and Singapore
Ritchie Bros. Auctioneers combined two unreserved industrial auctions, enabling customers in the Middle East to bid live on a wide selection of heavy equipment items being sold at auctions in Dubai and Singapore on the same day....
Dutch Aerial Company Builds New Headquarters
Dutch aerial rental company HWS verhuur BV is building a new headquarters in Leiden, The Netherlands, six miles from its old facility. ...
Jacobs Steps Down as United Chairman; United-Cerberus Deal Goes Forward
Brad Jacobs, founder of United Rentals, stepped down as chairman and director of United Rentals Aug. 31. Jacobs has served as chairman since the founding of the company in 1997....
Australian Rental Chain Coates Rejects Acquisition Offers
Australia’s largest rental company Coates Hire last week rejected takeover proposals worth up to AU $1.55 billion (about U.S. $1.26 billion) and plans to restructure the business and continue its growth strategies....
The Venetor Group Moves into Stoney Creek Corporate Office
Stoney Creek, Ontario-based Venetor Group, a Canadian privately owned equipment rental company in south-central and southwestern Ontario, last week announced the opening of its new head office. The custom built, 50,000-square-foot facility is located in Stoney Creek....
Spider Hires Gulf Coast Region Director, Houston Sales Rep
Spider, a division of SafeWorks LLC recently hired Mike Gibbs as area director for the Gulf Coast region. Gibbs will lead, manage and inspire branch sales and operations in the Gulf Coast region. Spider branches in his territory are in Dallas, Houston, New Orleans, and Pensacola, Fla....
Toromont to Supply Equipment and Service for Meadowbank Gold Mine
Toromont Industries Ltd. last week announced that it was selected by Agnico Eagle Mines Limited to supply the mobile equipment and power systems needs of the Meadowbank project north of Baker Lake, Nunavut — the territory's newest open pit gold mine....
The Rental Show Announces Keynote Speaker
Christopher Gardner, whose autobiography “The Pursuit of Happyness” was made into a film starring Will Smith last year, will be the keynote speaker during The Rental Show at the Mandalay Bay Convention Center in Las Vegas. The keynote session, sponsored by Multiquip, is Feb. 12....
Emeco Grows Revenue 45 Percent
Perth, Australia-based Emeco Holdings, parent company to Houston-based Emeco North America, last week posted a 44-percent year-over-year growth in EBITDA, based on a 45-percent increase in consolidated revenue for its fiscal year ended June 30. Full-year net profit was AU $74.7 million (about U.S. $61 million), which more than tripled the previous year’s total of AU $23.7 million....
Cramo Enters Joint Venture With Russian Rental Company
Cramo Plc, one of Europe’s biggest rental companies, has established a joint venture rental operation with ZAO Rentakran, a major Russian heavy lifting rental service company. Cramo Plc owns 75 percent and ZAO Rentakran 25 percent of the new company, and Cramo has the option to buy the 25 percent minority share from ZAO in the spring of 2011....
Atlas Copco to Divest Part of Australian Rental Operation
Stockholm, Sweden-based Atlas Copco has agreed to divest some assets of Prime Industrial Rentals in Australia to Coates Hire Limited, in order to focus the operations on specialty rentals for industrial applications. ...
Home Depot Lowers Price for HD Supply
Home Depot last week lowered its original asking price for its contractor supplies unit HD Supply by about $1.2 billion from the original deal of $10.3 billion as financing banks reportedly threatened to back out of the acquisition, the New York Times reported. ...
JCB Profits Soar To All-Time High
JCB last week announced that the company enjoyed its most successful year ever in 2006 by setting new records for pre-tax profits, revenue, machine sales and global market share. ...
Skyjack President Announces Retirement
Skyjack Inc. last week announced that Lloyd Spalding will be retiring as president of the company effective Feb. 29, 2008. ...
Godwin Pumps Relocates Tampa, Fla., and Atlanta Branches
Bridgeport, N.J.-based Godwin Pumps, worldwide manufacturer and supplier of the Dri-Prime automatic self-priming pump, recently relocated its Tampa, Fla., and Atlanta locations to larger facilities....
RSC Holdings Elects Donald Roof to its Board
The board of directors of RSC Holdings last week announced it has elected Donald Roof as an independent director and member of its audit committee, effective immediately. Roof’s appointment expands the board to 12 members. ...
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