Ahern Rentals Revenues Jump 31 Percent in 3rd Quarter
Third quarter total revenue jumped 31 percent for Ahern Rentals, from $55.1 million in the third quarter of 2005 to 72.1 percent this year, with rental revenue climbing from $49.5 million to $64.8 million, a 30.9 percent hike. ...
Hertz to Go Public This Week
Hertz Global Holdings is set to go public this week on the New York Stock Exchange for proceeds of about $1.43 billion. The company is offering about 88.2 million shares from $16 to $18, with the $1.43 billion total assuming a $17 midpoint price....
Rolls Moves Into New Riverside Facility
Rolls Scaffold and High Reach has moved its Riverside, Calif., branch into a new facility. CEO Michael Rolls told RER the company bought a 10,000-square-foot building, remodeled it and is opening Nov. 13....
Ramirent Posts Strong Third Quarter, Announces Swedish, Finnish Acquisitions
Multi-nation rental company Ramirent increased its net sales 27 percent during the third quarter from €276 million to €351.6 million, about U.S. $448.6 million. Ramirent Finland accounted for €73.2 million, Ramirent Sweden for €92.8 million, Ramirent Norway €87.4 million, Ramirent Denmark for €35.9 million and Ramirent Europe for €64.6 million....
AED Rental Study Sheds Light on Growth of Rental
The Associated Equipment Distributors 2006 rental study illustrates the dramatic shift that has occurred among distributors towards rentals. AED’s study indicates that by 2005, 99 percent of equipment dealers were in the rental business, and 92 percent of those offer both rent-to-rent and rent-to-own equipment....
G.E. Deal to Close in December, Aggreko Says
Aggreko PLC last week said it expects its acquisition of G.E. Energy Rentals to be complete in early December....
Canada’s Wajax Doubles 3Q Earnings
Mississauga, Ont.-based Wajax last week announced a CD $36.7 million revenue increase in the third quarter, a 14-percent year-over-year jump from the same period in 2005. Net earnings for the quarter were $18.0 million, or $1.09 per unit, compared to $9.4 million, or $0.56 per unit in the year-ago period. ...
Dave Ritchie Retires as Ritchie Bros. Chairman
Ritchie Bros. Auctioneers last week announced that co-founder David Ritchie will step down as chairman of the board and a director of the company effective Nov. 30. The board said Ritchie has accepted an appointment to the honorary position of chairman emeritus....
United Rentals Uncorks a Strong Third Quarter
United Rentals last week announced record third-quarter earnings per share of 85 cents, up about 20 percent compared with 71 cents per diluted share in last year’s third quarter. Total revenue of $1.07 billion was a 9.3-percent jump from the $979 million in the same period last year, while rental revenue increased 4.9 percent year over year from $737 million in last year’s third quarter to $773 this year....
Hill, Mahlzan, McKenney to Be Inducted into Rental HOF
Dugan Hill, whose vision was the driving force in the development of Prime Equipment Co., which later merged with Rental Service Corp., heads the list of the next inductees into the American Rental Association’s Rental Hall of Fame. ...
National Trench Safety Opens Irving, Texas, Branch
Houston-based National Trench Safety, a trench and traffic safety equipment rental and sales specialist, last week opened a branch in Irving, Texas, a Dallas suburb....
Hertz Sets Price Range for Planned IPO
Less than a year after going private, Hertz Global Holdings last week set a price range of $16 to $18 per share for an initial public offering of 88.2 million shares, about 27 percent of the company. ...
United Rentals Trench Protection White Paper
Greenwich, Conn.-based United Rentals last week released the second in a series of white papers on issues of importance to the construction and rental industries and their customers. ...
Kiely Equipment & Astec Underground North Atlantic Hold Open House
Kiely Equipment Co. and Astec Underground North Atlantic held their first annual joint open house in Long Branch, N.J., on August 18. Current and potential customers of both companies, as well as vendors were invited to attend....
Spider Provides Maintenance Unit for San Francisco Tower
Spider, division of SafeWorks LLC, has been awarded the contract to provide a façade maintenance system for 61-story One Rincon Hill in San Francisco. Spider will design a system to allow access for maintenance and cleaning of the vertical façade along with the replacement of glass panels....
Tanfield to Sell Shares to Fund UpRight Growth
Tanfield Group, the United Kingdom-based vehicle manufacturer which acquired Dublin-based aerial work platform manufacturer UpRight Inc. last spring, last week announced its intention to raise 20 million pounds (about U.S. $38 million) through a major share placing....
RSC Teams With Industrial Research Company
RSC Equipment Rental has teamed with Industrial Info Resources to enhance its ability to market rental services to the industrial marketplace. IIR provides industry knowledge and marketing and communication tools to help target hot markets and projects in North America....
Bigge to Rent Strand Jacks and Gantries
Bigge Crane & Rigging has set up a division to rent strand jacks and electronicalIy controlled hydraulic lifting gantries. The company, based in San Leandro, Calif., is a major dealer of new and used cranes, an authorized distributor for Liebherr crawler cranes, and says it is the largest Terex Cranes distributor in North America....
ConExpo Asia Exhibit Space on Sale
Exhibit space is now on-sale for ConExpo Asia 2007, to be held Dec. 4-7 at the Chinese Export Commodities Fair Pazhou Complex in Guangzhou, China. ...
Allis-Chalmers Acquires Oil & Gas Rental Services
Allis-Chalmers Energy Inc., the Houston-based oilfield services company that provides services and equipment to oil and natural gas exploration and production companies, last week reached a definitive agreement to purchase the assets of Oil & Gas Rental Services, with facilities in Morgan City, La., and Victoria, Texas, for $291 million in cash and 3.2 million shares of Allis-Chalmers common stock....
Ashtead Chairman Dies
Cob Stenham, non-executive chairman of Ashtead PLC died suddenly last week at the age of 74. Stenham joined the Ashtead board as a non-executive director in October 2003 and became non-executive chairman in January 2004, replacing Henry Staunton....
Speedy Hire Continues Strong Volume Growth
Speedy Hire, one of the United Kingdom’s largest rental companies, said volume for the five month period ended August 31, rose 29 percent compared with the same period the previous year, company officials said last week. ...
Admar Announces Executive Appointments
Admar Supply Co. last week announced the appointment of Richard DiMarco Sr. as vice chairman of the board for Admar Supply Co. In addition, Joel DiMarco was named president, and Richard DiMarco II, was named executive vice president....
Ashtead Group Acquires British Traffic Control Rental Company
Ashtead Group plc, parent company of Charlotte, N.C.-based Sunbelt Rentals, last week said A-Plant, its United Kingdom equipment rental division, acquired Lux Traffic Controls for 15.5 million pounds (about U.S. $29.1 million). ...
Stowers Rents to Open East Knoxville Rental Branch
Stowers Rents, the rental arm of the Knoxville, Tenn.-based Cat dealership, is opening a new rental facility on the grounds of its main dealership location in east Knoxville, Joel Harper, general manager of rental services told RER....
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