Headline News
Maxim Acquires Crawler Crane Fleet from Barnhart Crane
Maxim Crane Works last week acquired a fleet of large crawler cranes and certain related assets from Barnhart Crane and Rigging pursuant to an asset purchase agreement. Financial terms of the transaction were not disclosed....
RSC Prices Senior Unsecured Notes
RSC Equipment Rental said last week that it has priced an offering of $400 million aggregate principal amount of 10 percent senior secured notes due 2017. The company had previously announced a proposed offering of $300 million and the offering size increased to $400 million based on strong market demand. The senior secured notes are being co-issued by RSC Equipment Rental’s parent company RSC Holdings....
Continued Investment in Infrastructure Vital, AGC CEO Says
Stephen Sandherr, CEO of the Associated General Contractors of America last week called for continual investment in infrastructure to offset devastating losses in construction employment....
Southeastern Equipment Takes on Champion Motor Grader Line
Southeastern Equipment Co., a rental company and distributor based in Cambridge, Ohio, has reached an agreement to become authorized dealer for Champion Motor Graders at its 15 branches in Ohio and southern Michigan....
Trico Lift Honored by Refineries Association
Aerial work platform rental company Trico Lift was recently honored with a 2008 Contractor Merit Safety Award presented by the National Petrochemical & Refineries Association for the company’s safe work performance at Sunoco’s refinery in Philadelphia....
Sunbelt Rentals Opens Shepherdsville, Ky., Branch
Sunbelt Rentals last week opened a full-service rental location in Shepherdsville, Ky., with a grand opening Thursday July 2. The opening featured a ribbon-cutting and equipment demonstrations from Stihl, John Deere, JLG, Multiquip, Honda, Husqvarna and Genie....
Terex AWP Opens Two Service Training Locations for Customers
To provide customers with more convenient training options, Terex Aerial Work Platforms last week announced two new sites for service training at Terex facilities in Oklahoma City, Okla. and Southaven, Miss....
Pennsylvania’s Lift Inc. Acquires Bobcat of Lancaster
Lift Inc., Lancaster, Pa.-based dealer for Toyota and Crown forklifts, has acquired the local Bobcat dealership Bobcat of Lancaster, the Lancaster Intelligencer Journal reported last week. The transaction was made in early June for an undisclosed price....
Western States Cat Announces Photo Contest
Meridian, Idaho-based Western States Cat last week announced the “Build Something Good” contest to allow its customers to share photos of their Caterpillar equipment hard at work on the jobsite, or equipment rented from the Cat Rental Store. Those who enter will be eligible for monthly prizes as well as a grand prize valued at more than $2,000....
Aggreko Expects 5-Percent First-Half Revenue Growth
Aggreko last week said it anticipates that a very strong performance in international power projects will be partly offset by weaker conditions in its European and North American businesses. The company made the announcement in a trading update issued in advance of its interim results to be announced Aug. 25....
Western States Cat Opens New Facility in Idaho
Meridian, Idaho-based Western States last week announced it will host a grand opening ribbon cutting at its new $10 million, 55,000-square-foot facility in Hayden, Idaho. The new facility is one of the largest and most energy efficient projects built in Idaho this year, according to Western States Cat president Tom Harris....
Aggreko Adds New Fort McMurray, Alberta, Location
Houston-based Aggreko is continuing its strategy for steady growth in Canada with the addition of a new location in Fort McMurray, Alberta. The 4,200-square-foot facility will provide storage for products, spare parts and supplies, and with three staff based on site, will help provide a quicker, more comprehensive response for local customers....
Sunbelt Rentals Joins Zilliant Customer Advisory Council
Austin, Texas-based Zilliant, a provider of price optimization and management solutions for B2B manufacturers, distributors, high-tech, and industrial service companies, last week announced the addition of Sunbelt Rentals to its customer advisory council. Sunbelt Rentals is the first member of the council from the industrial services market, and will help to guide initiatives in this sector by sharing approaches, best practices and insights gained through their implementation of Zilliant’s pricing software....
Spider Provides Access Solution for New ThyssenKrupp Plant
Seattle-based Spider recently provided a powered access solution and training for the installation of steel girder beams on a new structure at the ThyssenKrupp USA steel processing plant in Calvert, Ala., saving the contractor more than $50,000 and 10 days of set-up and tear-down time compared with built-up scaffolding options....
Sunbelt Revenue Drops; Ashtead CEO Predicts Further Consolidation
Sunbelt Rentals posted total 2009 fiscal year revenue of $1.45 billion for the year ended March 31, a 10.8 percent revenue drop, parent company Ashtead plc announced last week. EBITDA for the year was $500.4 million, compared with $598.9 million in the previous fiscal year, a 16.4 percent drop, while operating profit decreased from $330.9 million in fiscal 2008 to $241.8 million in fiscal 2009, a 26.9 percent decline....
JCB to Sell $820,000 in Light Equipment to Dutch Rental Company
JCB’s recently established light equipment division obtained its biggest order, a deal from The Netherlands-based rental company Bo-Rent for almost £500 million (almost U.S. $820 million) for 290 machines, including rammers, forward and reversible vibratory plate compactors, and rapid blow tampers....
Belgium Crane Rental Company Sarens Acquires California’s Rigging International
Belgium-based Sarens Group, a rental company specializing in crane rental with branches around the globe, has acquired Rigging International, based in Alameda, Calif. RI, founded in 1969, is a major player in the heavy lift rigging and heavy haul transport industries, with offices in southern California, New Jersey, Ohio, Montana and Tokyo. The acquisition gives the Sarens Group entry into the U.S. market and greater reach internationally. The company sees the move as an opportunity to sustain future growth internationally. ...
ARA Alters Schedule for 2010 Rental Show
The American Rental Association has altered its schedule for The Rental Show to be held in Orlando, Fla., next year. The schedule will have three days of trade show, with exhibits now being open Monday Feb. 8, from 11:30 a.m. to 6 p.m.; Tuesday, Feb. 9, from 9 a.m. to 5 p.m.; and Wednesday Feb. 10, from 9 a.m. to 1 p.m. Full-day specialized workshops will be held Sunday, Feb. 7....
Volvo Rents Opens Birmingham, Ala., Branch
Volvo Rents’ Alabama franchise, Southeast Construction Rental, has opened a branch in Birmingham, Ala., the company’s third facility. SCR has existing branches in Calera and Huntsville, Ala....
Pioneer Adds Ken Boucher to Management Team
Pioneer Equipment Rental has added Ken Boucher to its management team. Boucher has worked for several rental companies including two national rental chains in capacities such as regional director of operations and regional manager. Boucher has an extensive background in the construction and oilfield supply industries....
Powered Access Industry Warning on Work in Confined Overhead Areas
The Powered Access Interest Group, a joint committee of the Construction Plant-hire Association and the International Powered Access Federation, is calling on companies to take extra care when planning and using mobile elevating work platforms (MEWPs) in confined overhead areas. This type of work has increased in recent years and led to a number of accidents....
Atlas Copco Specialty Rental Division Obtains Triple Certification
The rental division of Swedish manufacturer Atlas Copco recently became the first rental company worldwide to be awarded triple certification covering Quality, Environment, and Health and Safety Management Systems standards, according to the U.K.-based Lloyd’s Register Quality Assurance. The standards are ISO 9001 Quality Management; ISO 14001 Environmental Management and OHSAS 18001 Health and Safety Management....
Ritchie Bros. Grosses Nearly $100 Million at Edmonton and Houston Auctions
Ritchie Bros. Auctioneers, an industrial auctioneer, sold more than 110 cranes and millions of dollars of other heavy equipment and trucks at its unreserved public auctions last week, including a CA $58 million (U.S. $52 million) auction in Edmonton, Alberta, (June 10-11) and a U.S. $41 million auction in Houston (June 10-12)....
Caterpillar CEO Predicts Return to Record Sales Levels Within Five Years
Caterpillar CEO James Owens told shareholders last week he is confident the construction equipment manufacturer would be able to return to the record-setting revenue level set in 2008 within five years when the company grossed $51.3 billion in revenue. ...
Volvo Rents Announces Tour Dates for Charitable Comedy Events
Hardhat Comedy, Volvo Rents’ charitable program of bringing relief by means of donations to the needy in cities and towns in the United States and Canada, last week announced a number of comedy events on schedule....
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