All Erection Releases Lift Simulation Software
All Erection and Crane Rental Corp. last week announced the latest version of its LS3 lift simulation software, which recreates the environment of lifting equipment to plan applications, improve safety and reduce costs. ...
Equipro Opens San Diego Service Center
Full-service, light construction repair company Equipro opened a location in Poway, a suburb of San Diego, the company’s 12th facility...
Fabick Springfield Takes on Double D Attachments
Fabick Cat last week announced the company’s Springfield, Mo., location has become an official supplier of Double D Manufacturing attachments, and will handle Double D’s entire line of compactors, scrapers and cleanout blade attachments...
FCCI Joins Industry Effort to Combat Theft
FCCI Insurance Group, a provider of comprehensive property and casualty insurance for the commercial business owner, announced last week that it has partnered with the National Equipment Register to assist in the prevention of heavy equipment theft and increase its recovery. ...
Emeco’s IPO Falls Short of Expectations
Emeco Holdings Ltd. last week debuted on the Australian Stock Exchange below its initial marketing range. The Perth, Australia-based heavy equipment rental company debuted...
Battlefield Opens Laser & GPS Service Center
Battlefield Equipment Rentals recently established a laser and GPS service and repair facility at its Brampton, Ontario, facility...
HERC To Open Renovated Facility in Oklahoma
Hertz Equipment Rental Corp. will celebrate the grand re-opening of its Tulsa, Okla., general rental facility on Friday, August 4. The event will take place at the store between 11 a.m. and 2 p.m., ...
Sunbelt Rentals to Acquire NationsRent
In one of the largest deals in rental industry history, Sunbelt Rentals announced last week it will acquire Fort Lauderdale, Fla.-based NationsRent in a $1.05 billion transaction. The merger of Charlotte, N.C.-based Sunbelt Rentals, No. 4 on the RER 100, with No. 6 NationsRent, will make the combined company the third-largest rental company in North America in rental volume...
Fourth Largest Deal in U.S. Rental History
While the $1.05 billion acquisition of NationsRent by Sunbelt Rentals was large, it was not the largest transaction in the history of the North American rental industry. That honor would go to Atlas Copco’s July 1999 acquisition of Rental Service Cor...
NES Rentals’ Sale to Diamond Castle Holdings Finalized
NES Rentals Holdings announced Friday the completion of the sale of the company to affiliates of Diamond Castle Holdings LLC, a private equity firm. Diamond Castle has purchased all of the outstanding shares of common stock for $18.75 a share...
Third Quarter RSC Sale Likely, Atlas CEO Says
The sale of Rental Service Corp. is expected to be finalized during the third quarter, Gunnar Brock, president and CEO of parent company Atlas Copco said last week while commenting on the company’s strong third-quarter results...
Hertz Files For IPO
Hertz Global Holdings last week filed a registration statement with the Securities & Exchange Commission for an initial public offering of its common stock. Terms of the offering have not yet been set. ...
Finning Announces Executive Changes
Finning International last week named Juan Carlos Villegas president, Finning South America. Villegas, who will be responsible for Caterpillar’s operations in Chile, Argentina, Bolivia and Uruguay, previously served ...
HERC To Open New and Renovated Facilities
Hertz Equipment Rental Corp. will celebrate the grand opening of its London, Ontario, general rental facility on Friday, July 28. The event will take place at the store between 11 a.m. and 2 p.m., and will showcase the facility’s ...
Spider Hires Joel Smith as Central Region Director
Spider, a division of SafeWorks, LLC, recently welcomed Joel Smith as area director for the Central region...
Volvo Dealer Aring Implements Accruit’s Exchange Program
Butler, Wis.-based Aring Equipment Co., the Volvo Construction Equipment dealer for Wisconsin and the upper peninsula of Michigan since 1939, engaged Accruit, LLC, of Denver, to design, implement and administer a repetitive 1031 Like-Kind Exchange (LKE) program. ...
H&E Equipment Services Announces Preliminary 2Q Revenues of $198 Million
H&E Equipment Services last week announced selected preliminary financial results for its second quarter 2006. While the company has not yet completed its financial statements for its second quarter ...
Caterpillar Announces Highest Quarterly Sales and Revenues in Company History
Peoria, Ill.-based Caterpillar Inc. last week reported a 41-percent increase in profit per share on a 13-percent increase in sales and revenues compared with the second quarter 2005. ...
Sunbelt Rentals to Acquire NationsRent
In one of the largest deals in rental industry history, Sunbelt Rentals announced today it will acquire Fort Lauderdale, Fla.-based NationsRent in a $1.05 billion transaction. ...
Sunbelt Parent In Talks to Acquire Major U.S. Rental Company
Ashtead Group plc, parent company of Sunbelt Rentals, said Monday that it is involved in “advanced, exclusive talks” regarding a potential acquisition of a leading U.S. competitor. An Ashtead official said the company may bid as much as $1 billion for the rival company....
Emeco Acquires More U.S. Earthmoving Fleet; Moves Forward on IPO
The $1.3 billion initial public offering for Perth, Australia-based Emeco Holdings has attracted strong investor interest, according to Australian Internet reports...
Fabick to Distribute Terex/O&K Mining Excavators
Fabick Cat last month became an official supplier of Terex/O&K hydraulic mining excavators, effective immediately. Fabick Cat will supply the RH40 to RH400 model sizes in conjunction with its current line of Caterpillar excavators, and will cover the same territory ...
Singapore Rental Firm Tat Hong to Invest in Australia and China
The chief executive of Singapore-based rental company Tat Hong Holdings Ltd. last week said his company is looking for an acquisition target in worth up to 30 million Singapore dollars, about U.S. $19 million...
RSC Equipment Rental Launches ePay Program
RSC Equipment Rental last week introduced RSC ePay, an online payment option for its construction and industrial equipment customers across the United States. The program was launched following a pilot campaign to gain customer feedback...
Studies Forecast Softening Light Construction Equipment Demand
Slowdowns in demand for light construction equipment are likely later this year, according to research released last week by Citigroup and UBS Investment Research....
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