Strongco to Build Fort McMurray Branch
Strongco Corp., one of Canada’s largest equipment dealers and a major rental player, has signed a contract to purchase six acres of land in Fort McMurray, Alberta, to build a 23,000-square-foot facility to strengthen its presence in energy-rich northern Alberta....
Birch Equipment to Expand Workforce in Northeast Washington
After a tough recession with no layoffs, Bellingham, Wash.-based Birch Equipment is expanding its workforce in Northeast Washington, the company said this week. The company is looking to fill positions for yard representatives, store representatives, mechanic, and for a mechanic’s assistant....
Snorkel Expands U.K. and U.S. Workforces
Snorkel is hiring assembly workers and expanding its apprentice program at its Vigo Centre headquarters in Washington, Tyne & Wear, U.K., after a period of downsizing during the recession, the company said. The Vigo Centre factory exports more than 95 percent of its production to Europe, the Middle East, Africa, Asia and the Pacific Rim. The facility is also Snorkel’s global headquarters, with satellite factories in the United States, China and New Zealand....
Volvo Rents Acquires Houston’s DixEquip
Volvo Rents has acquired DixEquip, a single-location independent construction equipment rental company in Houston, giving the fast-expanding Volvo Rents 12 locations in the lone-star state....
Vermeer Amps up Marketing to Rental Industry
Seeing growth opportunities in the rental market, Vermeer is making a $1 million investment in support of the rental market, the company said, modifying its business operations to put more focus and resources into the rental industry with enhanced manufacturing and design work, increased staffing, and marketing....
Derek Altorfer Named Executive Vice President of Cat Dealer Altorfer Inc.
Altorfer Inc., a Caterpillar dealership with 22 locations in 15 cities in Iowa, Illinois and Missouri, has named Derek Altorfer executive vice president, part of the third generation of the Altorfer family to serve in an executive capacity as the company celebrates 55 years of operations in 2012. Altorfer was elected to the post by the company’s board of directors....
WesternOne’s Britco Division Begins Modular Building Production in Waco
WesternOne Equity Income Fund said this week that the first modular buildings are being produced in the Waco, Texas, facility of its WEQ Britco LP division. The Texas plant, which had been idle for three years before Britco acquired it in September 2011, now has 80 employees....
ESP Equipment Now a Full Line Terex Compact Equipment Distributor in Michigan
ESP Equipment Co., based in Ortonville, Mich., now offers the full line of Terex compact construction equipment to its customers in 13 counties in south and eastern Michigan. Founded in 2011, ESP Equipment offers new and used equipment sales, consignment, parts and service, rental and fleet management....
IronPlanet Sets Record in First Onsite and Online Auction
IronPlanet last week announced it sold more than $50 million of gross merchandise volume during its first onsite and online auction in Orlando Feb. 21-24. The four-day sale was IronPlanet’s largest auction in company history....
Finning to Acquire Portion of Bucyrus Distribution Business from Caterpillar
Finning International, the world’s largest Caterpillar dealer based in Vancouver, B.C., Canada, has reached an agreement with Caterpillar for Finning to acquire the distribution and support business formerly operated by Bucyrus in portions of South America, western Canada and the U.K. After closing, Finning expects to begin providing sales, service and support for former Bucyrus mining products in all of Finning’s dealership territories....
Sunbelt Rentals Posts 25-Percent Revenue Increase for Fiscal Nine Months; Operating Profit Leaps 78 Percent
Sunbelt Rentals posted 25-percent revenue boost for the nine-month period ended Jan. 31, according to unaudited results filed by U.K.-based parent company Ashtead plc. Nine-month revenues for Sunbelt were $1.13 billion, compared with $903.7 million for the same period a year ago. EBITDA was $416.5 million, compared with $298 million a year ago, a 39.7-percent leap, while operating profit climbed 78.2 percent from $128.4 million for the first nine months of fiscal 2011 to $228.8 million this year....
United Rentals Acquires Coble Trench Safety, Launches Online Trench Safety Training
GREENWICH, Conn. United Rentals has acquired the assets of Coble Trench Safety, a market leader in the rental and sales of trench safety and traffic safety...
United Rentals Tops Q4 and Full-Year 2011 Expectations
GREENWICH, Conn. United Rentals topped Wall Street expectations with $746 million in fourth-quarter revenue, a 24.5-percent year-over-year increase compared...
United-RSC Acquisition Passes U.S. Antitrust Waiting Period
GREENWICH, Conn. United Rentals last month said that the U.S. antitrust waiting period related to its acquisition of RSC Holdings has expired without...
HERC Posts Double-Digit Fourth-Quarter and Full-Year 2011 Revenue Growth
PARK RIDGE, N.J. Hertz Global Holdings reported fourth-quarter 2011 worldwide revenues of $2 billion, a 9.7-percent year-over-year boost and a company...
Finning Posts Record Revenues in Q4 and Full-Year 2011
VANCOUVER, B.C. Finning, the world's largest Caterpillar dealer and major North American rental company, posted a 35-percent revenue increase in the fourth...
Volvo Rents Acquires South Carolina and Arizona Companies
SHIPPENSBURG, Pa. Volvo Rents continued its acquisition spree with the purchase of Palmetto Equipment Sales and Rentals, a two-location construction equipment...
Topp Portable Air's IDF-700 Turns Up the Heat
Topp Portable Air introduces its compact Safe-Heat IDF-700 indirect-fired temporary heater, engineered for a wide variety of heating and drying applications....
RSC Posts Greater Than 20-Percent Hikes in Q4, Full-Year Revenues
RSC Holdings posted $421 million in fourth-quarter total revenue, compared with $339 million for the same period in 2010, a 24.2-percent hike, with rental revenue leaping 26.8 percent from $287 million in the fourth quarter of 2010 to $364 in the recently concluded quarter. The company’s fourth-quarter net income was $5 million, or 4 cents per diluted share, compared with a net loss of $7 million or 7 cents per diluted share for the fourth quarter of 2010....
Ahern Rentals Approved for Final DIP Financing
The United States Bankruptcy Court this week approved the final debtor-in-possession financing for equipment rental giant Ahern Rentals for about $66 million of availability. The court also approved a series of other motions to ensure that Ahern will not have any interruption in maintaining and honoring its commitments to its current customers, vendors and employees during the reorganization process....
CTS Owner Tom Coble Killed in Plane Crash
Tom Coble, founder and president of Coble Trench Safety, a Greensboro, N.C.-based multi-location rental company specializing in trench and traffic safety equipment rentals, was killed Jan. 20 when his plane crashed right outside a regional airport in Rainbow City, Ala. Coble, a veteran of 40 years of flying experience, was flying alone after his L-39 Albatross fighter jet underwent routine service and maintenance in Gadsden, Ala....
Komatsu America Names Rod Schrader as New CEO
Komatsu America Corp. this week named Rod Schrader as new CEO and vice chairman, effective April 1. Schrader, a 25-year veteran of Komatsu America, will replace Dave Grzelak, who is stepping down as CEO, but will remain chairman of Komatsu America until the end of June 2013....
Titan Machinery Closes Adobe Truck & Equipment Acquisition
Titan Machinery this week closed on its acquisition of Adobe Truck & Equipment. The acquisition includes three Case Construction dealerships located in Denver, Colorado Springs, and Loveland, Colo....
Indiana Rental Company Expands Surface Preparation and Supply Business
Family-owned and operated Runyon Equipment Rental in Carmel, Ind., recently branched out into a national market with its surface preparation equipment and products business....
New Equipment and Party Rental Business to Open in Michigan
Dexter Rent-All LLC will open March 3, in Dexter, Mich., according to DexterPatch.com....
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