SEC Seeks United Rentals Settlement
United Rentals said in a regulatory filing last week that the staff of the Securities and Exchange Commission will pursue settlement discussions with United Rentals over an ongoing accounting inquiry....
Volvo CE Dealer Completes Merger to Form Penn-Jersey Machinery
Volvo Construction Equipment North America has completed the merger of its New Jersey and eastern Pennsylvania dealer, Penn-Jersey Machinery, and two Volvo Construction Equipment & Services dealers in Pennsylvania and New Jersey. The combined dealerships will conduct business as Penn-Jersey Machinery....
Volvo Rents Opens Rental Center in Pensacola, Fla.
Volvo Construction Equipment Rents last week announced the opening of a Volvo Rents equipment rental franchise serving Pensacola, Fla. Cook Coastal Rentals, owned by Miles and Melissa Cook, will serve several counties, including Escambia, Santa Rosa, Okaloosa and Walton....
AEM Names Paylor and Pedtke New Directors
The Association of Equipment Manufacturers last week named two industry executives to the AEM board of directors. ...
North American Crawler Dozer Auction Data
The following figures examine crawler dozers at auction in North America for the period starting Sept. 1, 2006. Figure 1 identifies the 60- to 74-horsepower size class as the most popular, with the larger 260- to 359-horsepower units running a close second. Figure 2 looks at the average realized price by year of manufacture for the larger 260- to359-horsepower class....
Now Accepting Entries: 2007 Innovative Product Award
RER is now accepting entries for the 2007 Innovative Product Award. This prestigious award showcases the most innovative product introduced between August 1, 2006 and July 31, 2007, and recognizes the talent and commitment of the people involved in every aspect of development, from concept through sales. ...
RSC’s Rental Revenues Grow 13 Percent in Q2
RSC Holdings last week announced second-quarter rental revenue growth of 13.1 percent, along with adjusted EBITDA margin increases of 46.6 percent, and a record utilization rate of 73.9 percent....
H&E Equipment Services Announces 2Q07 Earnings Conference Call
H&E Equipment Services last week announced that it will release its 2007 second-quarter financial results before the market on Thursday, Aug. 9. The same day, the company will also hold a conference call to discuss second-quarter results at 10 a.m. Eastern time. ...
United Rentals to Report Second Quarter Results Wednesday
United Rentals last week announced that the company will release its second-quarter 2007 results this week, August 1, after the markets close. No conference call has been scheduled because of the company’s recent announcement that it has signed a definitive merger agreement with affiliates of Cerberus Capital Management, L.P....
SAF-T Conference on Aerial Safety Hits Critical Points
Several hundred people attended the Safe Access, Fall Protection & Training in Long Beach, Calif., July 20, which stimulated discussion, debate and increased awareness of the importance of safety in aerial equipment. The conference was organized by Maximum Capacity Media, based in Fort Dodge, Iowa, publishers of Lift and Access magazine....
Volvo Rents Opens New Rental Center in Virginia
Volvo Construction Equipment Rents last week announced the opening of a second Volvo Rents equipment rental franchise by the Nelva Corp. in Virginia....
Battlefield Equipment Rentals Helps Make-A-Wish a Reality
Thanks to corporate sponsors including Caterpillar of Canada, Battlefield Equipment Rentals, the Canadian Nursery Landscape Design, Jennifer Hayman Designs, OGS Landscaping and Home Depot, Make-A-Wish Canada recently opened Hayden’s Magical Wish Garden — a wish granted for 7-year-old Hayden MacIntyre who was born with an illness called Spinal Muscular Atrophy, which confines him to a wheelchair and previously prevented him from playing outdoors....
HERC to Open Renovated Facilities In Washington and South Carolina
Hertz Equipment Rental Corp. will celebrate the grand re-opening of its Burlington, Wash., and Greer, S.C., general rental facilities on Friday, Aug. 3. Both events will take place at the stores between 11 a.m. and 2 p.m. and will showcase the facilities’ renovated showrooms and newly expanded product lines, which include small tools, construction equipment and contractors’ supplies....
Genie Donates Boomlifts To Fabtech Rental Service Technician Program
Redmond, Wash.-based Genie Industries has contributed the use of two boomlifts — an electric-powered Z-30/20N self-propelled articulating unit and a diesel-powered S-40 self-propelled telescopic model — to the new Fabtech Service Technician Education Center in Oshkosh, Wis., for use in its Rental Service Technician certification program....
United Rentals to be Acquired by Cerberus for $6.6 Billion
United Rentals announced today that it has signed a definitive merger agreement to be acquired by affiliates of Cerberus Capital Management for about $4 billion in cash and about $2.6 billion in assumed debt. ...
Diamond Rental Management Leads Private Equity Buyout
Diamond Rental recently completed a management-led buyout replacing its first set of private equity investors with a new investor, the Prudential Capital Group....
AED/Qualcomm Executive Forum to Tackle “The Dealer Scorecard”
How do you measure the success of your business? That’s the primary topic to be looked at the annual 2007 AED/Qualcomm Executive Forum, put on by the Associated Equipment Distributors in Chicago Sept. 13 and 14. ...
Tuff Equipment Rental Moves to Larger Facility
Tuff Equipment Rentals, Slidell, La., moved to a new location about four miles north of its old facility, which suffered severe damage and flooding from Hurricane Katrina in 2005. ...
Edgestone Acquires 80 Percent Stake in Stephenson’s
Stephenson’s Rental Services Income Fund has accepted $6.875 per unit for 7.91 million units of stock from Edgestone Capital, a Canadian private equity firm....
Manitowoc Acquires Indian Manufacturer/Distributor
The Manitowoc Co. last week acquired Shirke Construction Equipment, a Pune, India-based company that manufactures Potain tower cranes under license. Shirke is also the Potain distributor for India, Sri Lanka, Nepal, Bangladesh and Bhutan....
Southeastern Equipment Opens Michigan Branches
Cambridge, Ohio-based Southeastern Equipment recently opened two new branches in Michigan, adding to its existing 17 locations in Ohio, Kentucky and Indiana....
Emeco Acquires and Supplies Mining Company Fleet
Perth, Australia-based Emeco International recently acquired the assets of JK Mining for AU $13 million (U.S. $11.4 million). ...
Phoenix Short of Cranes, Report Says
Heavy high-rise buildup in the Phoenix area has created a crane shortage in the “valley of the sun”, the Arizona Republic reported last week. ...
Top 10 Party Rental Company Acquired by its President
Paul Weidner, president of Kirby Rental Service & Sales Inc., one of the leading special event rental companies in the country, acquired the company last week with Robert Picerne, principal of the Picerne Real Estates Group. ...
CRA Elects Officers, Board Members
California Rental Association recently elected two new board members, re-elected two others and elected Robert Pedersen of A-Tool Shed, Campbell, Calif. ...
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