Aggreko Acquires Canada’s Power Plus Rentals & Sales
Aggreko, global leader in temporary power, temperature control and oil-free compressed air, last week strengthened its Canadian operations by acquiring all the assets of Power Plus Rentals & Sales, based in Leduc, Alberta. Power Plus is a rental power specialist that provides services to businesses in the Athabasca Oil Sands in Alberta and Saskatchewan, where more than CN $10 billion per year is being invested in the development of the world’s second-largest oil reserve....
Mexico’s Maquirent Launches Franchise Program
Torreon, Mexico-based Maquirent, one of Mexico’s largest light equipment rental companies, has launched an effort to establish a franchise program. To establish a Maquirent franchise, a franchisee would require an initial investment of about $2.3 million Mexican pesos (about U.S. $230,000), including an initial payment of between MP 280,000 and MP 350,000....
Finning Acquires Fort Saskatchewan Rentals
Finning recently acquired the assets of Fort Saskatchewan Rentals, based in Fort Saskatchewan, Alberta, with a branch in Redwater, Alberta. The two towns are both a short distance north of Edmonton, headquarters of Finning’s Cat Rental Store network....
Pine Bush Equipment to Build Branch in Liberty, N.Y.
Pine Bush Equipment, based in Pine Bush, N.Y., with branches in Holmes, N.Y., and Newington, Conn., has agreed to purchase two buildings and 11 acres in Liberty, N.Y., according to online reports. Liberty is developing a 100-acre light industrial park about a half mile from where Pine Bush Equipment plans to open its new branch....
Holt Cat Building New Facilities
Holt Cat Power Systems is continuing its expansion program with the construction of new generator packaging and engine rebuild facilities in Longview and San Antonio, Texas....
Volvo Construction Equipment & Services California Named Exclusive Champion Dealer in California
Champion Motor Graders last week announced that Volvo Construction Equipment & Services California (formerly Mathews Machinery) has signed on as the exclusive authorized Champion dealer for the state of California....
Manitowoc Offers Crane-Inspired Chopper for Rent
Manitowoc last week announced it launched a website for dealers and customers offering its crane-inspired chopper for rent. The company first unveiled the chopper at ConExpo 2008 in Las Vegas in March, while in May it was featured in the popular “American Chopper” show on cable TV’s The Learning Channel. Now, the distinctive custom-built motorcycle is available for display at open houses, conferences, employee events or any other suitable occasion in the United States....
Customer Demand Prompts Bigge to Order Additional Cranes
Bigge Crane & Rigging, San Leandro, Calif., has experienced such high utilization of its Liebherr crawler crane fleet that it has ordered 12 additional units for delivery next year....
Sunshine Enterprise to Expand Scaffold Offering in Europe
Memphis, Tenn.-based Sunshine Enterprise, an importer of Chinese-made scaffolding and hoists, last week said it plans to expand its product offering in North America and to sell equipment in Europe as well....
HERC Celebrates Re-opening of Lubbock, Texas, Branch
Hertz Equipment Rental Corp. celebrated the grand opening of its 5-acre Lubbock, Texas, general rental facility on July 18. The event, which drew more than 600 people, showcased the facility’s showroom and product line, which includes small tools, equipment and contractors’ supplies....
Volvo Rents’ First-Half Rental Volume Up 16 Percent
Volvo Rents last week said revenue for its North American franchise network grew 16 percent year over year to $143.5 million, compared with the first six months of 2007....
Austin Ventures Buys Delta Rigging & Tools
Austin Ventures, an Austin, Texas-based private equity firm, has acquired Delta Rigging & Tools. Delta, based in Lake Jackson, Texas, is North America’s largest one-stop provider of lifting products and services in the lifting equipment and rigging industry. Delta has a national footprint of customers and end markets, but is particularly strong throughout the Gulf Coast of Texas and Louisiana....
Hertz Global Holdings Posts 4.6% 2Q08 Earnings Increase
Hertz Global Holdings last week reported record second-quarter 2008 worldwide revenues of $2.3 billion, an increase of 4.6 percent over the prior year on strong international growth....
Ahern Rentals Jumps 19.3 Percent in Second Quarter
Ahern Rentals increased second-quarter total revenue 19.3 percent, posting $98.1 million, compared with $82.2 million for the same period in 2007. Rental revenue increased 19.8 percent year over year, with $83.9 million for the second quarter this year, compared with $70 million for the same period last year....
Finning Posts Record Worldwide Revenue but Canadian Rental Drop in Q2
Finning International last week reported record quarterly revenue of CA $1.53 billion (about U.S. $1.44 billion), a 2.3-percent year-over-year increase compared with $1.497 billion in last year’s second quarter. Revenues for the first six months of 2008 were CA $2.96 billion, a 3.1-percent increase compared with last year’s first-six-months revenue total of CA $2.87 billion....
WesternOne Jumps 56 Percent in First Half
Vancouver, B.C., Canada-based WesternOne Equity Income Fund posted a 56-percent total revenue jump in the first six months of 2008, an increase based largely on several acquisitions, with existing operations also posting same-store revenue growth. Total revenue of CA $15.32 million (U.S. $14.4 million) increased from CA $9.79 million in the same period of 2007....
McAllister Equipment Co. Acquires Two Illinois Volvo CE Branches
Asheville, N.C.-based Volvo Construction Equipment North America last week said it completed negotiations for the acquisition of Volvo Construction Equipment & Services branches located in Villa Park and Springfield, Ill., by its Illinois dealer, McAllister Equipment Co., Alsip, Ill....
Aggreko Supplies Power to Beijing Olympics Opening Ceremony
Aggreko, a global leader in temporary power and temperature control, last week played a crucial role in supporting the Opening Ceremony of the 2008 Olympic Games in Beijing....
H&E Posts Revenue Growth in Second Quarter
H&E Equipment Services’ second quarter revenues jumped 21.2 percent to $282.6 million compared with $233.1 for the same period last year. The Mid-Atlantic region, created after H&E’s recent acquisition of Burress Equipment, contributed $40.6 million of the $49.5 million increase, thus making same-store revenue increase relatively minimal....
Rental Utilization Drives Solid Q2 for Essex Crane Rental
Essex Crane Rental Corp. posted a 28.7 percent second quarter revenue increase, with $20.2 million in revenue compared with $15.7 million for the second quarter of 2007. Hyde Park Acquisition Corp. acquired the Buffalo Grove, Ill.-based Essex March 6....
IPAF Releases Video to Promote Harness Awareness
The International Powered Access Federation last week released a dramatic video that shows the dangers of not wearing a full-body harness on a boom-type access platform. ...
Europlatform Conference to Focus on Access Rental
The APEX show will be held in Maastricht, Netherlands, Sept. 17-19, with a Europlatform conference to be held on the 16th focusing on the theme “The access rental company of the future.” ...
Echelon Delay to Have Minimal Impact on Ahern Rentals
Las Vegas-based Ahern Rentals, the leading player in providing rental equipment for large construction projects on the Las Vegas Strip, last week said less than 1 percent of its fleet will be affected by Boyd Gaming Corp.’s recent decision to delay its large Echelon project. Because of Ahern Rentals’ diversification in the Las Vegas market, the company said the delay would have a minimal impact on its operations, although it will contribute to a reduction in Ahern’s near-term purchase of equipment for its rental fleet....
RSC’s Rental Volume Increases Despite Higher Costs in Q2
RSC Holdings last week announced second-quarter rental revenue of $405 million, a 5.3-percent increase from $385 million in rental volume during the second quarter of 2007. Rentals represented 90 percent of RSC’s revenue, which totaled $449 million for the quarter, a 1.4-percent year-over-year increase....
United Rentals’ 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 United’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....
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