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AED Executive Forum
Sept. 11-12
Westin O'Hare
Rosemont, IL
www.aednet.org/execforum/index.cfm
International Aerial Platform Exhibition and Conference
September 17-19
APEX
MECC Maastricht
The Netherlands
Industrial Promotions International
www.apexshow.com
Green Industry and Equipment Expo
Oct. 23-25
Louisville, KY
www.gie-expo.com
Specialty Tools & Fasteners Distributors Association Convention
Nov. 9-11
Denver, CO
www.stafda.org
Power-Gen International
Dec. 2-4
Orlando, FL
www.power-gen.com
World of Concrete
Feb. 3-6, 2009
Las Vegas Convention Center
Las Vegas, NV
www.worldofconcrete.com
The Rental Show
March 2-5, 2009
Georgia World Congress Center
Atlanta, GA
www.therentalshow.com
United Rentals
Data
- Location: Greenwich, Conn.
- Top Executive: Wayland Hicks
- Stores: 696
- Sales in $ Millions: $3,640.0
- Website: www.ur.com
Overview
About to turn 10, United Rentals has gone from an upstart defying expectations to an industry veteran with strong economic performance, service- and efficiency-enhancing software, and technology innovations in a variety of areas. A skilled, seasoned and educated management team will have to prove itself without 40-year business professional and 10-year United executive Wayland Hicks, who will retire as CEO in June. Announced plan to explore strategic options last month. With private equity funds currently eyeing the rental market with favor, United Rentals should attract numerous suitors and record-setting offers.
Recent articles on United Rentals
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The Stock Block | RER Magazine
Check in on some of the latest stock prices for publicly traded rental companies and popular construction equipment and general tool manufacturers related to the rental equipment industry.
U.K.Â’s Selwood Group Acquires Welsh Rental Company Proplant
The Selwood Group, a United Kingdom equipment rental company particularly strong in pump rentals, has acquired Proplant, a Welsh rental company. For Selwood, the deal is its second acquisition in two months, having recently acquired Glo Hire and Sales, based in England.
Atlas Copco Prime Energy Launches New Website
Atlas Copco Prime Energy last week announced the launch of its new website, www.atlascopcoprimeenergy.com. One of the driving factors for redesigning and enhancing the site was the companyÂ’s name change from Prime Energy to Atlas Copco Prime Energy.
United RentalsÂ’ Revenues, Profits Decrease in Second Quarter
United Rentals last week announced second-quarter 2008 income from continuing operations of $47 million, compared with $67 million for the second quarter of 2007, a 44.8-percent drop. The decrease is primarily the result of lower gross profit in a softening rental environment as well as a $14 million after-tax provision relating to the Securities and Exchange Commission inquiry. The loss was partially offset by UnitedÂ’s cost-cutting initiatives, including reductions in SG&A expense of $21 million and $39 million for the first quarter and first half of 2008, respectively.
Industry Pioneer William “Bill” Grasse Dies
The word “pioneer” is often used to describe people who played roles in the early development of an industry. When it comes to the equipment rental industry, probably no single individual embodies the word pioneer more than Bill Grasse, who died July 18 in Palm Desert, Calif., a few weeks before his 91st birthday.
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