Hirequip Shareholders Approve Sale
Hirequip Shareholders met last week to approve the sale of New Zealand’s largest rental company to Pacific Equipment Solutions, an associate of Japanese private equity fund Nikko Principal Investments. Nikko shareholders recently met to approve the transaction....
Jenne Britell Appointed to United Rentals Board
United Rentals last week announced that Jenne Britell joined the company’s board of directors. Britell is chairman and CEO of Structured Ventures, advisors to private equity and venture capital firms. She has served in this capacity since 2001. ...
Aggreko Names Pool to Western U.S. Post
Aggreko LLC, the world’s leading supplier of rental power, temperature control and oil-free compressed air, last week named Bruce Pool west business unit vice president, reporting directly to Aggreko president George Walker. Pool will be responsible for the western half of the North American business and Aggreko Cooling Tower Services....
Genie Launches New Fleet Services Program
Genie Industries last week announced the launch of its new Fleet Services program, which expands on the level of service provided by the former Genie Access Services program....
Former Rental Center Owner and TRA President Joins On-Board Communications
Jim Reagan, former president of the Texas Rental Association and former owner of Taylor Rental in Mesquite, Texas, has joined On-Board Communications as national rental account manager to grow the company’s newly launched products and services for managing, protecting and tracking rental equipment....
Sunbelt Rentals Posts Strong Earnings for the First Half of the Fiscal Year
Sunbelt Rentals recently reported strong results in the six-month period ended Oct. 31, 2006, with revenues increasing by 46.8 percent to $597 million....
JLG Ships First Cat-Branded Telehandlers to Cashman
The first telehandlers manufactured by JLG Industries and branded with the Caterpillar name were recently delivered to Las Vegas-based dealership Cashman Equipment. JLG and Caterpillar reached an agreement in October 2005 for the McConnellsburg, Pa.-based aerial equipment manufacturer to produce telehandlers for Caterpillar to bring to market under its own brand....
Emeco Acquires Euro Machinery and Euro Rental
Emeco International Europe, a wholly owned subsidiary of Perth, Australia-based Emeco Holdings last week completed an agreement to purchase all of the issued shares of Euro Machinery BV and Euro Rental BV for AU $10.8 million (about U.S. $8.5 million)....
Ashtead Boosts First-half Profits, Revenues 35 Percent
United Kingdom-based equipment hire group Ashtead Group last week reported a 35-percent increase in fiscal first-half underlying pretax profit....
Volvo Construction Equipment Rents Opens New Rental Center in Arizona
Volvo Construction Equipment Rents last week announced the opening of a new independently owned Volvo Rents equipment rental center in Thatcher, Ariz....
Biography of John L. Grove Published
A new biography of John L. Grove tells the story of the aerial work platform and crane pioneer who founded two of the most important manufacturers in the aerial industry — Grove Manufacturing, founded in 1947 and now a division of the Manitowoc Crane Group, and JLG Industries, founded in 1969....
Schwab Sales Completes Refinancing
Gilbert, Ariz.-based Schwab Sales LLC, an earthmoving rental specialist, recently completed a $95 million refinancing....
Year in Review, Part 2
A look at the top rental industry news stories of 2006....
LoJack Announces 2006 Top Construction Equipment Recoveries
LoJack Corporation last week unveiled its annual wrap-up of the year's top recoveries involving stolen construction equipment that were equipped with the LoJack System....
From the Editor
It has been an exciting year in the equipment rental industry. By all reports, it has been a very strong year for the rental business, with consistent demand for rental equipment, especially in non-residential construction. ...
Oshkosh Completes Acquisition of JLG Industries
Oshkosh Truck Corp., a leading manufacturer of specialty vehicles and vehicle bodies, last week announced that it completed the acquisition of JLG Industries for $28 per share in an all-cash transaction valued at approximately $3.2 billion. ...
Aggreko Completes GE Energy Rentals Acquisition
Aggreko plc has strengthened its already powerful share of the temporary power, temperature control and oil-free compressed air rental market by finalizing its acquisition of Atlanta-based GE Energy Rentals. ...
H&E Equipment Services Holds Orlando Open House
H&E Equipment Services recently celebrated an open house at its Orlando, Fla., branch. More than 350 customers, manufacturers, employees and personnel from neighboring businesses attended the event, which included a self-guided tour of the facility, exhibits and equipment demonstrations, along with lunch and dinner barbecues....
Industry Veteran Groat Joins AWPT
Aerial Work Platform Training last week named industry veteran Tony Groat its North American membership development director. Groat is responsible for acquiring new members, training centers and developing services for the North American members of the International Powered Access Federation, the parent company of AWPT....
Wachovia Launches Insurance Program for Aerial Equipment Dealers
Chicago-based Wachovia Insurance Services, one of the nation’s top 10 insurance brokerage firms, last week announced it has been appointed the managing underwriting agent for a specialty insurance program for aerial lift equipment rental and sales centers....
Year in Review, Part 1
A look at the top rental industry stories of 2006....
Atlas Copco Finalizes RSC Sale
Atlas Copco last week said it completed its divestment of Rental Service Corp. to affiliates of private equity firms Ripplewood Holdings and Oak Hill Capital Management. The company announced in early October that it sold 85 percent of its RSC assets to the private equity firms for about $3.8 billion....
Volvo CE Rents Opens Fifth Rental Center in Texas
Volvo Construction Equipment Rents last week announced the opening of a new Volvo Rents equipment rental franchise in New Braunfels, Texas, a suburb of San Antonio. It is the company’s fifth rental center in the state; others are in Houston, Austin, McKinney (Dallas), and Donna (McAllen)....
Pon Sells Its Cramo Shares
Netherlands-based Pon Holdings BV, parent company to Waco, Texas-based Equipment Depot and Chicago-based Equipment Depot, last week sold its 28.4 percent stake in Cramo PLC....
Overall Construction Spending Drops Slightly in October
Construction put in place in October dropped 1 percent from September, according to a report from the United States Census Bureau....
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