NES Sells Tank Division to Odyssey
NES Rental Holdings last week completed the sale of its tank business to Odyssey Investment Partners, a private equity firm that acquired Neff Rental in 2005. Odyssey earlier this month agreed to sell Neff to Lightyear Capital LLC....
Wacker to Merge With Austrian Manufacturer Neuson Kramer
Wacker Construction Equipment AG, based in Munich, and Neuson Kramer Baumaschinen AG, Linz, Austria, recently announced plans to merge during the course of 2007. The shareholders of both companies and management of Wacker Construction Equipment AG recently signed a letter of memorandum agreeing to the merger. The new company will be called Wacker Neuson AG....
Rental Penetration to Reach 50% in Europe, Caterpillar Predicts
Rental companies will buy half of all construction machines in Europe within four years, a Caterpillar official predicted last week. Cat Rental Stores throughout the continent have been increasing expenditures to meet demand, Andy Zuckerman, Caterpillar’s rental division manager recently told Internet sources....
Walker Wins Caterpillar Rental Loyalty Awards
Walker Express – the Cat Rental Store, the equipment rental division of Walker Machinery Co., was recently honored for achieving the highest customer loyalty among Caterpillar dealers in North America in 2006. Based in the Charleston, W. Va., suburb of Belle, the company also achieved the highest overall customer loyalty and overall customer satisfaction in Caterpillar’s Eastern Region, as well as the highest overall customer loyalty in inside and outside sales in the region, including 14 dealers in 17 states....
A-1 Founder Jim Shade Dies
Jim Shade, former owner of A-1 Rents, Salinas, Calif., died April 9 of cancer. Shade was 70....
Sunbelt Contracts With Captive Capital for Retail Financing
Sunbelt Rentals has selected Captive Capital Corp. to provide new and used equipment financing for its customer base....
JLG Names East Tennessee Rent-Alls SkyTrak Dealer
JLG Industries last week named East Tennessee Rent-Alls dealer for SkyTrack telehandlers, providing sales and service coverage throughout northeastern Tennessee. ...
Finn Opens Wholesale Landscape Supply Store in Cleveland
Cincinnati-based Finn Corp. last week announced the grand opening of CWS Inc., a new wholesale landscape supply division, in Cleveland. The newest location is the third CWS storefront built by Finn to satisfy landscape supplies, erosion control products and Finn equipment sales, rentals and parts sourcing for the Ohio, Kentucky and Indiana tri-state customers. ...
Holt Caterpillar Acquires Longview Shell Building
San Antonio-based Holt Cat, which sells, rents and services Caterpillar equipment, last week approved the $1.3 million acquisition of a shell building in Longview, Texas. Holt Cat will move a portion of its Longview operation into the shell building, while maintaining its existing Longview facility. The contract calls for an additional $4 million to be invested into the building. ...
Construction Hiring Outpaces Overall Employment Trends
Nonfarm payroll employment, led by a 56,000-job increase in construction, rose 180,000 in March, seasonally adjusted, according to the Bureau of Labor Statistics. The construction gain almost completely reversed a weather-related drop of 61,000 in February. Construction employment has risen 0.3 percent since March 2006, compared to total employment increasing 1.4 percent in that time period. However, employment in nonresidential building, specialty trades, and heavy and civil engineering has added 146,000 jobs in that period, about a 3.4-percent increase, while residential building and specialty trades lost 129,000 jobs, a 3.6-percent clip....
U.K. Building Supplier Travis Perkins Adds Compact Excavators to Rental Fleet
Travis Perkins, a leading supplier to the United Kingdom building and construction industry with a growing rental program, last week signed a 5 million pound (about U.S. $10 million) contract with JCB to add 500 compact and micro excavators to its rental fleet....
Australian Kennards Hire Establishes Events Division
Kennards Hire, one of Australia’s largest equipment rental companies, has formed Kennards Events, targeting the entertainment needs of the corporate sector and large sporting and social organizations....
United Rentals to Explore Strategic Alternatives; Hicks to Retire in June
United Rentals today announced that its board of directors has authorized a process to explore a broad range of strategic alternatives to maximize shareholder value, including a possible sale of the company. United has retained UBS Investment Bank and Credit Suisse to act as financial advisors in the process....
Aggreko Opens Edmonton Facility
Aggreko LLC, international leader in rental power, temperature control and oil-free compressed air, last week said it has opened a new service center in Edmonton, Alberta, Canada, to provide local support to industrial and commercial operations in western Canada....
Ace Rents Closing its Equipment Division
Ace Rents, Lancaster, Pa., is preparing to exit the construction equipment rental business to focus entirely on party rental, the Lancaster Intelligencer Journal reported. Ace decided to shut down its equipment rental business after Strober Organization, which sells building supplies, agreed to lease more than 60,000 square feet of Ace’s 83,000-square-foot facility....
Metrolift Hires Veteran Hofmeyer to Sales Staff
Sugar Grove, Ill.-based Metrolift last week named John Hofmeyer to its sales staff. Hofmeyer is a 20-year rental industry veteran who worked as sales manager for NES Rentals and Brambles Equipment Services covering Chicago and the Wisconsin and Northwestern Indiana markets. Hofmeyer is returning to Chicago after working for Aggreko for two years in St. Louis covering the central United States from Missouri to Northern Texas. ...
Cashman Equipment Expands to Carson City
Cashman Equipment Co. will celebrate the opening of its newest rental center in Carson City, Nev. April 12. The branch will be Cashman’s 6th rental center in Nevada....
BakerCorp Hires CFO
BakerCorp, the liquid and solid containment equipment rental company owned by Lightyear Capital, last week named James Leonetti chief financial officer....
HERC Re-opens in Las Vegas and Modesto, Calif.
Hertz Equipment Rental Corp. recently celebrated the grand re-opening of its Las Vegas general rental facility. The event, which drew more than 860 people, showcased the facility’s showroom and newly expanded product line, which includes small tools, equipment and contractors’ supplies....
John Deere Partners in Launch of National 811 Number
John Deere, Moline, Ill., last week announced its partnership in an important new safety initiative that will standardize and simplify the “Call Before You Dig” effort for professionals and homeowners alike with a new, nationwide 811 number. John Deere was named the national manufacturer partner for the launch, working in conjunction with the Common Ground Alliance (CGA), an industry group committed to saving lives and preventing damage to underground facilities....
Thompson Pump Announces 2006 Employees of the Year
Thompson Pump & Manufacturing Co. last week named Larry Watson salesman of the year, Pat DeWitt branch manager of the year and Jay Giardina for distinguished customer service, for 2006. ...
Harsco Division to Handle Formwork in Polish Arena
Worldwide industrial services company Harsco Corp. last week said its Huennebeck Group division has been awarded new rental formwork orders valued at up to $4.6 million to support the construction of a new sports and entertainment arena in Poland, as Harsco’s Access Services business group continues to increase its presence in key growth sectors of the Eastern Europe construction and infrastructure market. ...
Speedy Hire’s Equipment Division Up 58%
British rental chain Speedy Hire said last week that revenues rose 34 percent in the first 11 months of its fiscal year. Its equipment division, boosted by acquisitions, has jumped revenue 58 percent....
Hewden Employs Mobile Phone Security Token
Hewden, the United Kingdom’s largest rental company, last week announced it will use a mobile phone security token system to protect its corporate systems when data is accessed remotely....
Gorman-Rupp Expands European Presence
Mansfield, Ohio-based The Gorman-Rupp Co. last week reported that its wholly owned subsidiary, The Gorman-Rupp International Co., has purchased controlling interest in Wavo Pompen B.V., a pump manufacturer with facilities located in Leeuwarden and Culemborg, The Netherlands. ...
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