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....
NES Studio Rentals Inks Deal With Albuquerque Studios
NES Rentals Studio Division last week finalized a multi-year deal with Albuquerque Studios, a $74 million film and television back-lot facility currently under construction, to be its exclusive provider of heavy equipment. ...
24/7 Studio Equipment Golf Tournament Attracts Film Industry Pros
Burbank, Calif.-based 24/7 Studio Equipment, along with JLG Industries, held a golf tournament for customers Nov. 19, in the first of what CEO Lance Sorenson plans to be an annual event. ...
H&E Equipment Services Appoints Board Member
Baton Rouge, La.-based H&E Equipment Services last week announced that Paul Arnold became a member of the company’s board of directors, effective immediately. ...
JLG Celebrates Opening of Ohio Parts Distribution Center
The new Orrville, Ohio, parts distribution center for JLG Industries, which began operations in July, celebrated its official opening in mid-October with an open house for employees, their families and the community. The service parts distribution center was relocated to Orrville as part of a major manufacturing realignment. ...
Chicago Material Handling Companies Take On Equipment Depot Name
Two Chicago-based material handling specialists that merged in July have taken a new name — Equipment Depot....
Hertz IPO Falls Short of Expectations
Car rental and equipment rental company Hertz Global Holdings raised $1.32 billion last week with one of the largest initial public offerings of the year, although the price was below expectations. The offering of 88 million shares sold for $15 per share, short of the forecast price range of $16 to $18 per share....
United Rentals Introduces Trench Safety Training for Customers
United Rentals last week announced that Excavation Safety for Competent Person Training will be offered at more than 60 United Rentals Trench Safety branches beginning Dec. 1. ...
Stallion Acquires G&N, Erlandson
Stallion Oilfield Services recently acquired G&N Rentals, based in Bowman, N.D. G&N is a leading provider of surface rental equipment to the North Dakota and Montana oilfields....
Trimble Acquires XYZ Solutions
Sunnyvale, Calif.-based Trimble announced earlier this month that it acquired privately held XYZ Solutions Inc. of Alpharetta, Ga., in an all-cash transaction. XYZ Solutions provides real-time, interactive 3D intelligence software to manage the spatial aspects of a construction project. ...
JLG Opens New ServicePLUS Location
McConnellsburg, Pa.-based JLG Industries last week opened its third ServicePLUS service and repair center in Kennesaw, Ga., near Atlanta. It joins two other facilities located in Houston and McConnellsburg, Pa. Additional ServicePLUS centers are planned....
Plane Crash Kills Four Two Rivers Marketing Employees
Four employees of Des Moines-based Two Rivers Marketing were killed last week when the plane they had chartered for a day business trip to South Bend, Ind., crashed about a half-hour into the return flight home. ...
H&E Equipment Services Hikes Revenues 37% in Q3
H&E Equipment Services hiked revenues 37.4 percent in the third quarter, from $148.5 million in the same period last year to $204.1 million this year. Equipment rental revenues were $67.3 for the third quarter, a 33.5-percent increase from $50.4 million in Q306. ...
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