The Rental Show Announces Keynote Speaker
Christopher Gardner, whose autobiography “The Pursuit of Happyness” was made into a film starring Will Smith last year, will be the keynote speaker during The Rental Show at the Mandalay Bay Convention Center in Las Vegas. The keynote session, sponsored by Multiquip, is Feb. 12....
Skyjack President Announces Retirement
Skyjack Inc. last week announced that Lloyd Spalding will be retiring as president of the company effective Feb. 29, 2008. ...
RSC Holdings Elects Donald Roof to its Board
The board of directors of RSC Holdings last week announced it has elected Donald Roof as an independent director and member of its audit committee, effective immediately. Roof’s appointment expands the board to 12 members. ...
Skyjack Agrees to Acquire Canadian Telehandler Maker CareLift
Consolidation continued in the aerial industry last week as Skyjack Inc. announced the signing of a share purchase agreement to acquire CareLift Equipment Limited, a telehandler manufacturer in Breslau, Ontario, Canada. ...
Skyjack Strength Holds Up Linamar’s Profits
Linamar Corp., Guelph, Ontario-based manufacturer of precision metallic components, modules and systems for global vehicle markets as well as Skyjack aerial work platforms, reported a small decline in second-quarter profit last week, even though revenues increased. The company earned CD $31.3 million (U.S. $29.1 million) in the quarter, or 45 Canadian cents per share, for the three months ended June 30, compared with a profit of CD $32.3 million (U.S. $30.4 million) for last year’s Q2. ...
Wacker’s Sales, Profits Increase
Wacker Construction Equipment AG last week reported that results for the first half of fiscal 2007 align with budgetary targets, with group sales up 8.1 percent compared with the previous year. The company is expecting further sales and profit growth over the current fiscal year after the merger with Neuson Kramer Baumaschinen AG, based in Linz, Austria, goes ahead this summer....
Red Mountain Machinery Plans Relocation to Riverside County
Heavy equipment rental specialist Red Mountain Machinery last week announced plans to close the Escondido, Calif., facility that has been its headquarters since 1996 and open a new facility in Riverside County. Moving to the Riverside area will allow Red Mountain to extend its service area into the Inland Empire, the high desert area, Palm Springs and Los Angeles, while still allowing it the ability to service its San Diego-area customers....
RSC Holdings Elects Board Member, Expands Board to 12 Directors
The board of directors of RSC Holdings last week announced it has elected Donald Roof as an independent director and member of its audit committee, effective immediately. The appointment of Roof expands the board to 12 members. ...
HERC Opens Renovated Facility in Springfield, Mo.
Hertz Equipment Rental Corp. will celebrate the grand re-opening of its Springfield, Mo., general rental facility Friday, Aug. 24. The event will take place at the store between 11 a.m. and 2 p.m. and will showcase the facility’s renovated 7,000-square-foot showroom and newly expanded product line, which includes small tools, construction equipment and contractors’ supplies....
Ritchie Bros. California Auctions to Feature Equipment Affected by New CARB Regulations
New regulations passed by the California Air Resources Board on July 26, are expected to impact most California-based equipment owners, including those participating in two Ritchie Bros. Auctioneers unreserved industrial auctions in California in the coming month. ...
Compact Track Loaders at Auction
The following figures examine compact track loaders at auction in North America for the period starting Jan. 1, 2006. Figure 1 identifies the 1,750-pound to 2,200-pound size class as the most popular. Figure 2 shows the value and sales activity as a function of year of manufacture for this most-popular size class. ...
H&E Q2 Revenue Jumps While Margins Drop
H&E Equipment Services last week posted a record 15.1 percent second-quarter revenue increase to $233.1 million, compared to $202.5 million in last year’s second quarter. EBITDA increased 2.5 percent to $57.6 million compared to $56.2 million for the year-ago period. ...
Tanfield Finalizes Snorkel Purchase; Designates it Primary N.A. Brand
Tanfield has finalized its $100 million acquisition of Snorkel International and plans to make the Snorkel brand its primary aerial work platform brand in North America. Snorkel last week announced that eight former UpRight models will be re-branded as Snorkel units, including electric scissorlifts, mast and articulated boom lifts targeted at the construction and industrial maintenance sectors, as well as its rough-terrain scissorlifts....
Source Capital Completes $41.5 Million Recapitalization of Aerial Access
Source Capital last week completed a $41.5 million recapitalization of its portfolio company Aerial Access Equipment, an aerial rental company based in Baton Rouge, La. Plainfield Asset Management LLC of Greenwich, Conn., provided the financing. ...
Huber Brothers Acquire Elms Equipment Rental
Alan Huber, president of Elms Equipment Rental, Brawley, Calif., last week announced that he and his brother Mark Huber have purchased the company. As part of the transaction, they also consolidated ownership of a related entity Quintet Leasing, and purchased the assets of EEL Inc., a related company....
Godwin Pumps Opens Portland, Ore., Rental Branch
Bridgeport, N.J.-based Godwin Pumps, manufacturer and rental supplier of the Dri-Prime automatic self-priming pump, recently opened a new rental facility in the Portland, Ore.-based suburb of Hubbard....
Stafford Promotes Crane Sales Expert Jones
Stafford Equipment recently named Wally Jones senior vice president, crane sales. Jones, based out of Stafford’s Ashland, Va., location, joined the company in 2005 when Stafford acquired Atlantic Coast Crane....
Lewis Crane & Hoist Tabs GM
Lewis Equipment Co., based in Grand Prairie, Texas, last week named Dave Beck general manager of Lewis Crane & Hoist....
Penn-Jersey Takes Over Dealership Responsibility in New Jersey, East Penn.
Penn-Jersey Machinery, the authorized Volvo Construction Equipment dealer in New Jersey and eastern Pennsylvania, has reached an agreement to assume the sales and marketing of road machinery products formerly marketed by Binder Machinery Co. Binder is a Komatsu and Ingersoll Rand dealer based in South Plainfield, N.J....
Ahern Rentals Announces Earnings Call
Ahern Rentals last week announced it will hold a conference call at 10 a.m. Pacific time on Wednesday, Aug. 15, to discuss the company’s quarterly report on Form 10-Q for the fiscal quarter ended June 30, which the company expects to file with the Securities and Exchange Commission on Aug. 14. ...
JLG Names New Dealers
McConnellsburg, Pa.-based JLG Industries last week appointed several new telehandler dealers across the United States. Ross Equipment Rentals, which has locations in Phoenix and Dewey, Ariz., is a new dealer for SkyTrak telehandlers that will provide sales and service coverage throughout central Arizona....
HERC To Open Renovated Facility in Gainesville, Va.
Hertz Equipment Rental Corp. will celebrate the grand re-opening of its Gainesville, Va., general rental facility on Thursday, Aug. 16. 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, construction equipment and contractors’ supplies....
United Rentals Second Quarter Income Jumps 14 Percent
United Rentals last week announced second quarter 2007 continuing operations diluted earnings per share of $.60, an increase of 11 percent compared with $0.54 for the second quarter 2006. Income from continuing operations increased 14 percent year over year to $67 million, up from $59 million in Q206. Total revenues of $966 million for the quarter jumped 5 percent from $919 million last year, while rental revenue increased 4.8 percent from $630 million in the second quarter of last year to $660 million in the same period this year....
Hertz Q2 Profit Rises
Hertz Global Holdings last week said its second-quarter profit rose because of a vacation-policy adjustment. Net income jumped to $83.7 million, 26 cents per share, compared to $17.8 million or 8 cents per share for the same period last year....
Aim High Buys Property
Aim High Equipment Rental, a rental company in Henderson, Colo., with a branch in Brighton, Colo., purchased a 14,000-square-foot property in Henderson, for $1.6 million, or about $114 per square foot, according to Internet reports. ...
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