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Rental News Archive

Silber Named President, Doosan Portable Power 

Jan 1, 2008

Mocksville, N.C. Lawrence Silber was last month named president, Doosan Infracore Portable Power. After serving as president of utility equipment with...

Former United Rentals CFO Nolan Pleads Guilty to False Filings 

Jan 1, 2008

Bridgeport, Conn. Michael Nolan, former chief financial officer of United Rentals last month pleaded guilty to making false filings with regulators that...

Terex Acquires Majority Stake in India Joint Venture 

Jan 1, 2008

Westport, Conn. Terex Corp. last month announced that it has acquired a controlling share of its ongoing joint venture, Terex Vectra Equipment, which...

JLG Expands Aftermarket Services for West Coast Customers; Opens ServicePlus Center in California 

Jan 1, 2008

Mcconnellsburg, Pa. JLG Industries, a subsidiary of Oshkosh Truck Corp., recently announced that it has opened its fourth major U.S. ServicePlus Center...

Strongco Divests Aerial Rental Division 

Jan 1, 2008

Mississauga, Ontario Canadian national equipment distributor Strongco completed the sale of its Aerial Lift Rental operations in Ontario to Voisin's Equipment...

RSC Names CFO; Opens Las Cruces Branch 

Jan 1, 2008

Scottsdale, Ariz. RSC Holdings named David Mathieson senior vice president and chief financial officer, effective Jan. 2. Mathieson succeeds Keith Sawottke,...

Sunbelt's Integration Propels Strong First Half for Ashtead 

Jan 1, 2008

Leatherhead, England and Fort Mill, S.C. Ashtead Group Plc said Sunbelt Rentals' underlying operating profit rose 27 percent to $196.6 million in its...

Thompson Machinery Opens Stand-alone Cat Rental Store 

Jan 1, 2008

Lavergne, Tenn. Thompson Machinery, Caterpillar dealer in western Tennessee and northern Mississippi, recently opened its first stand-alone rental store...

Judge Rules Against United Rentals in Cerberus Case 

Jan 1, 2008

Greenwich, Conn. A Delaware court ruled against United Rentals' efforts to force Cerberus Capital Management to complete its $6.7 billion takeover of...

Pioneer Completes Acquisition of Durant Rental Center 

Jan 1, 2008

Ponca City, Okla. Pioneer Equipment Rental, co-owned by John and Larry Redwine, completed the acquisition of the assets of Durant Rental Center, Durant,...

Aggreko to Exceed '07 Expectations 

Jan 1, 2008

Glasgow, United Kingdom and Houston Aggreko, international leader in providing temporary power, temperature control and oil-free air solutions, last month...

Questions to Ask in an Uncertain Cycle 

Jan 1, 2008, Michael Roth

The rental industry is a cyclical one and in different ways. Obviously when construction is strong, rental is strong because there are a lot of jobs....

Investors Back Trico's Growth 

Dec 1, 2007

Millville, N.J. Trico Lift, an aerial equipment rental company based in Millville, N.J., last month announced the addition of two investor partners John...

Doosan Completes Acquisition of Bobcat and Additional Divisions 

Dec 1, 2007

Suwanee, Ga., Doosan Infracore last month completed the acquisition of the Bobcat, Utility Equipment and Attachments businesses from Ingersoll Rand Co....

Norman Loui Left $3.4 Million to College 

Dec 1, 2007

Honolulu Norman Loui, co-founder of Hawaiian Rent-All, left Honolulu Community College $3.4 million when he died in 2006, the school announced last month....

ARA Selects Three Inductees for Rental Hall of Fame 

Dec 1, 2007

Moline, Ill. The American Rental Association last month announced the newest inductees into the Rental Hall of Fame. Bill Begley, Tom Hawthorne and the...

Sunstate Equipment Opens Three Branches 

Dec 1, 2007

Phoenix Phoenix-based Sunstate Equipment Co. recently opened three branches McKinney, Texas, and Tucson and Buckeye, Ariz. For Sunstate, the McKinney...

United Buyer Cerberus Backs Out of Acquisition Agreement 

Dec 1, 2007

Greenwich, Conn. Affiliates of Cerberus Capital last month backed out of a $6.7 billion agreement to acquire United Rentals, causing shares in the Greenwich,...

JCB to Open North American Customer Support Center 

Dec 1, 2007

Savannah, Ga. Executives of JCB and local officials broke ground in Savannah, Ga., recently for the JCB Customer Support Center, a 200,000-square-foot...

Wall Street Watch 

Dec 1, 2007

RSC Holdings announced total revenues for the third quarter ended Sept. 30 were $462.0 million, up 8 percent from the $427.6 million reported for last...

McGraw-Hill Sees Construction Decline in 2008 

Nov 1, 2007

New York, N.Y. McGraw-Hill Construction last month released its 2008 Construction Outlook, which forecasts a drop in overall United States construction...

NES Sells Traffic Safety and Studio Rental Business, Opens Florida Branch 

Nov 1, 2007

Chicago NES Rentals Holdings last month completed the sale of its traffic safety and studio equipment rental businesses to private equity investors Aperion...

United Rentals Shareholders Approve Buyout of Cerberus Affiliate 

Nov 1, 2007

Greenwich, Conn. Shareholders of United Rentals approved on Oct. 19 a proposed $6.6 billion buyout by an affiliate of private equity firm Cerberus Capital...

Trico Equipment Reorganizes Into Separate Lift, Earthmoving Companies 

Nov 1, 2007

Vineland, N.J. Trico Equipment, which has one of the largest privately owned rental fleets in North America, has re-structured itself, organizing its...

Equipro Opens San Antonio Branch 

Nov 1, 2007

Germantown, Wis. Equipro recently opened its latest franchise service location, in San Antonio. Equipro, a subsidiary of Wacker Corp., focuses on providing...

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