JLG Names Three New Telehandlers Dealers
McConnellsburg, Pa.-based JLG Industries last week announced three new dealership agreements. JLG appointed Tiger Equipment Inc. as a dealer for SkyTrak telehandlers. They will provide sales and service coverage throughout northwestern Mississippi, southwestern Tennessee, and Crittenden County in Arkansas....
Ontario Crane Operators Strike
Large-scale building projects across Ontario slowed last week as about 2,000 crane and other heavy-equipment operators went on strike over wage and safety issues....
Ingersoll Rand Explores Strategic Alternatives for its Bobcat and Construction-related Businesses
Hamilton, Bermuda-based Ingersoll-Rand Co. last week announced that it has initiated a process to explore strategic alternatives for its Bobcat and construction-related businesses, including the Utility Equipment and Attachments businesses. The company’s alternatives may include an outright sale of the businesses or a spin-off to shareholders. For full-year 2006 these businesses collectively generated approximately $2.6 billion in revenues. The company expects to conclude the process in the second half of 2007. ...
Oshkosh Truck Names Paylor President of JLG
Oshkosh Truck Corp. last week named Craig Paylor president of JLG Industries, effective immediately. The move had been widely anticipated in the aerial industry since the company was acquired by Oshkosh Truck Corp. last year, given Paylor’s strong stewardship of the aerial manufacturer’s sales efforts over a long period of time....
Rental Holdings Acquires American Sling Co.
Rental Holdings LLC, a portfolio company of Chicago private equity firm Prospect Partners LLC, and parent company of Industrial Hoist Services, the nation’s largest provider of hoist and rigging equipment for rental, sale or service, last week announced the management-led acquisition of Hurst, Texas-based American Sling Co....
The Rental Show Ranked 63rd Largest U.S. Trade Show
The American Rental Association last week announced that The Rental Show’s 2006 event moved up to No. 63 on the Tradeshow Week 200 annual listing of the top U.S. trade shows. The show in Orlando, Fla., was the celebration of the 50th anniversaries for the American Rental Association and The Rental Show....
CRA San Diego Holding Charity Golf Tournament
The San Diego Chapter of the California Rental Association will hold its 14th annual Golf Tournament and Raffle at the Rancho Bernardo Inn and Golf Course August 24. The event consists of an 18-hole, best ball round of golf, catered dinner and raffle with more than $50,000 in prizes. The dinner and raffle is open to non-golfers....
Ontario Police Crack Equipment Theft Scheme
Two men have been charged with theft of heavy construction equipment in the greater Toronto Area, according to press reports. The suspects allegedly represented themselves as employees of reputable home building companies and fraudulently placed orders with heavy construction equipment rental companies, without ever returning the machines....
Volvo Announces Hybrid Technology; Reveals Integration Strategies
Introducing a range of new products at the Bauma Trade Fair in Munich, Germany, last month, Volvo Construction Equipment president and chief executive Tony Helsham said the Swedish manufacturer plans to market machines featuring hybrid technology by 2009. Helsham said Volvo is spending $35 billion on a range of energy saving and environmental research. ...
RSC to Offer 20.8 Million Shares in IPO
RSC Holdings filed Friday with regulators to offer about 20.83 million shares of its common stock at $23 to $25 per share in an initial public offering....
D. W. Ogg Equipment Adds Rental Division
D. W. Ogg Equipment Co., Frederick, Md., recently added a rental division after 24 years of doing business as a farm equipment distributorship....
Deere & Co. Completes Acquisition Of Lesco
Moline, Ill.-based Deere & Co. last week announced that it completed its acquisition of Lesco Inc., an Ohio-based company that supplies lawn care, landscape, golf course and pest-control products. ...
Deutz and Weyhausen Present Hybrid Power Unit
Weyhausen Deutz AG, based in Cologne, Germany, presented a hybrid power unit for a wheel loader at the Bauma Trade Fair in Munich last month. ...
Finning Acquires Two Rental Centers
Finning (Canada) last week said it has acquired the assets of two privately owned British Columbia rental companies and re-opened them under the Cat Rental Store name. Effective May 1, Eze Rent-It Centre, Mission, B.C., and Abbey Rent-It Centre, Abbotsford, B.C., are part of the Finning network....
Wajax More Profitable in First Quarter
Toronto-based Wajax recently posted an 11-percent increase in first-quarter earnings with net earnings for the quarter at CA $18.7 million (about U.S. $16.8 million), or $1.13 per unit, up from CA $16.9 million or $1.02 per unit in the first quarter of 2006....
Harsco’s Patent Division Awarded $3.5 Million Shoring Contract
Worldwide industrial services company Harsco Corp. last week said that its North America-based Patent Construction Systems division recently received a major order expected to be worth $3.5 million over the next 10 to 12 months to provide shoring equipment and related engineering and installation services on two reservoirs that are being covered over as part of Seattle’s long-range underground reservoir plans. The award is one of Patent’s largest single shoring-related orders within the past several years....
Toromont Sells Halton Property
Toromont Industries Ltd. last week announced that it completed the sale of a 60-acre parcel of land in the region of Halton for proceeds of $18 million. As a result of the sale, Toromont will recognize a gain of $12.9 million after tax, or approximately $0.20 basic earnings per share, in the second quarter of 2007....
Spider Names Director of National Accounts and Industrial Access
Spider, a division of SafeWorks, llc recently promoted Chris Bates to the newly created position of director of national accounts and industrial access....
Jesco's Pescatore Named to John Deere Marketing Board
South Plainfield, N.J.-based JESCO, one of New Jersey's leading construction equipment dealerships, last week announced that John Deere appointed Emil Pescatore to its dealer marketing board, also known as MARCOM. ...
United Rentals Announces 30% 1Q07 EPS Increase
United Rentals last week announced first-quarter 2007 continuing operations diluted earnings per share of $0.30, an increase of 30 percent compared with $0.23 for the first quarter 2006. Income from continuing operations for the first quarter 2007 increased 28 percent to $32 million from $25 million for the first quarter 2006. Total continuing operations revenue of $841 million for the first quarter increased 5.3 percent compared with the same period last year. ...
Volvo Finalizes Acquisition of Ingersoll Rand’s Road Development Equipment Division for $1.3 Billion
Volvo Group last week concluded its acquisition of U.S.-based Ingersoll Rand’s road development equipment division, other than operations in India, which will follow shortly. The division will be consolidated in the Volvo Group from May 1. The transaction was initially announced in February....
H&E Equipment Services Announces 1Q07 Earnings Call
H&E Equipment Services last week announced that it will release its 2007 first quarter financial results before the market on Thursday, May 10. That day the company will also hold a conference call to discuss first-quarter results at 10 a.m. Eastern time. ...
Bauma Trade Fair Draws Half Million
The Bauma 2007 trade show last month in Munich, Germany, set a new all-time high attendance record topping 500,000 visitors, up from 416,000 in 2004, an increase of about 20 percent, show organizers said last week. The show, held in the Munich Trade Fair Center attracted more than 160,000 attendees from outside Germany, an increase of about 35 percent. ...
Aerial Service and Parts Named Dealer for JLG Telehandlers
McConnellsburg, Pa.-based JLG Industries appointed Aerial Service and Parts as a dealer for JLG telehandlers. ASAP will provide sales and service coverage for Franklin and Fulton counties in Pennsylvania....
HERC To Open Renovated Facility In Augusta, Ga.
Park Ridge, N.J.-based Hertz Equipment Rental Corp. last week said it will celebrate the grand re-opening of its Augusta, Ga., general rental facility on Friday, May 11. The event will take place at the store between 11 a.m. and 2 p.m. and will showcase the facility’s renovated showroom and newly expanded product line, which includes small tools, equipment and contractors’ supplies....
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