Bankruptcy Court Confirms NES Rentals’ Reorganization Plan
National Equipment Services, Chicago, today announced that the U.S. Bankruptcy Court for the Northern District of Illinois approved the company’s reorganization...
United Rentals Sells $1.375 Billion Notes, Announces Refinancing
Greenwich, Conn.-based United Rentals on Friday sold $1.375 billion of notes in two parts, the largest sale in the junk bond market since October, according...
ARA Optimistic For The Rental Show 2004
The American Rental Association has sold nearly 100 percent of available exhibit space for The Rental Show, scheduled to take place Feb. 26-29, at Atlanta’s...
Hugg & Hall Promotes Senior Managers
Little Rock, Ark.-based Hugg & Hall Equipment announced last week it promoted three of its senior managers to vice president. Tom Ermann will become vice...
AED Survey Shows 20.4 Percent Increase in Sales for Rental Reps
A recent survey from the Associated Equipment Distributors Compensation Study Report shows that sales by rental sales reps that focus exclusively on rental...
Dean Rental Services Adds KC Cat Rental Store
Dean Rental Services, a division of Kansas City, Mo.-based Dean Machinery, Caterpillar dealer for western Missouri and northeast Kansas, recently opened...
Attendance Up 20 Percent at AED Show
Attendance increased 20 percent at the Associated Equipment Distributors 85th annual meeting in Orlando, Fla., Jan. 8-10, AED officials said. More importantly,...
Not Lost In Translation
Briggs & Stratton, a Milwaukee-based manufacturer of engines works hard to maintain a reputation for producing world-class products. With some products,...
NationsRent Hires Chief Information Officer
NationsRent last week hired former technology executive James Haid as executive vice president and chief information officer. Haid will be responsible...
NES Close to Chapter 11 Emergence
National Equipment Services, which has been under Chapter 11 bankruptcy protection since June, has a hearing scheduled for later this week to present...
Admar Adds Five to Sales Staff
Rochester, N.Y.-based Admar Supply Co. recently added four new sales representatives and one sales manager to its organization, the company said. The...
Home Depot Announces 2004 Financial Targets
Atlanta-based Home Depot last week said that it expects to deliver fiscal year 2004 sales growth of between 9 to 12 percent and earnings growth of between...
Investment Group to Acquire Woods Equipment
San Francisco investment group Genstar Capital Partners III has reached agreement to acquire Oregon, Ill.-based Woods Equipment Co., a manufacturer of...
Sunbelt Parent Sells Irish Rental Division
British equipment rental giant Ashtead plc last week sold its Irish businesses to McCormick MacNaughton, the Caterpillar dealer for Ireland, for about...
Canadian Court Accepts United’s Bid for Skyreach
United Rentals last week reached an agreement to acquire St. Albert, Alberta-based Skyreach Equipment, the Edmonton Journal reported. Saddled with more...
Alabama Rental Company Expands Facilities
R&M Equipment, a North Birmingham, Ala.-based rental company, is investing $250,000 in a new building, the Birmingham Business Journal reported last week....
Finning Sells $30 Million in Heavy Equipment to Chilean Mining Firms
Vancouver, B.C.-based Finning International sold $30 million worth of Caterpillar heavy equipment to three large Chilean mining contractors, according...
Manitowoc Plans Restructuring
The Manitowoc Co., Manitowoc, Wis., last week announced that Manitowoc Crane Group presented plans to restructure its Manlift aerial work platform businesses,...
Hicks Becomes CEO of United Rentals
Greenwich, Conn.-based United Rentals last week announced Wayland Hicks became CEO in accordance with the company’s previously announced succession plan....
Aggreko to Downsize Facility Network
Temporary power specialist Aggreko last week said there would be a “net reduction” of its 40 locations in North America and 30 in Europe. “It’s rejigging...
Deere & Co Consolidates Ownership in Nortrax
Deere & Co., said last week it would buy an extra 42 percent stake in Nortrax Inc., a Deere dealership, from the private equity arm of Credit Suisse First...
Asian Crane Rental Company Posts Big Increase
Tat Hong, a Singapore-based crane and infrastructure rental company, posted a net profit increase of 105 percent for the six months ended September 30,...
CIT Construction Forecast Shows Optimism for 2004
CIT Equipment Finance, a unit of CIT Group, last week announced results of the 28th annual CIT Construction Industry Forecast. The 2004 outlook indicates...
Ahern Opens Customer-Owned Equipment Repair Centers
Ahern Rentals, one of the industry’s largest independent rental companies recently opened three customer-owned equipment repair facilities, CEO Don Ahern...
GCTRA Buses Rental Employees to The Rental Show in Atlanta
The Greater Cincinnati Tool Rental Association, which functions as a buying co-op, has rented a deluxe motor coach to take 52 rental store employees to...
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