Modern Group’s Griffith Contributes to McGraw-Hill’s Compensation Handbook
New York-based publisher McGraw-Hill will release the fifth edition of The Compensation Handbook next month with a chapter contributed by Dave Griffith, CEO of The Modern Group and Bristol, Pa.-based Modern Equipment, which is No. 46 on the RER 100....
United Rentals Emphasizes Core Rental Business in Q1 Results
United Rentals boosted rental volume to $571 million in the first quarter of 2008, compared with $567 million for the same period last year. However, total volume declined from $838 million in Q106 to $772 million in this year’s first quarter. The increase in rental revenue and decrease in total revenue are consistent with the company’s previously announced plan to refocus on its core business of equipment rental, de-emphasizing the supply business and the divested traffic safety business....
Wacker Corp. Officially Changes Name to Wacker Neuson Corp.
Wacker Corp. last week announced it is renamed Wacker Neuson Corp., effective immediately. The name change was entered in the Wisconsin Department of Financial Institutions on April 9. Wacker Neuson Corp., Menomonee Falls, Wis., is an affiliate company of Wacker Construction Equipment, AG, Munich, Germany. This move aligns with plans to change the name and legal form of the parent company in June 2008, when it will become Wacker Neuson SE....
Topp Portable Air Opens Florida Distribution Center
Topp Portable Air, a leading manufacturer and distributor of portable air conditioners, spot coolers, portable dehumidifiers and temporary heating equipment, recently strengthened its position in the Florida market by opening a fully stocked and staffed distribution center in Jacksonville, Fla. Topp specializes in both the sale and rental of temperature-control equipment for the construction, commercial and special event industries....
Sunbelt Rentals Announces Champaign, Ill., Grand Opening
Sunbelt Rentals last week announced it will celebrate the grand opening of its newest full-service rental branch in Champaign, Ill., on Thursday, May 8, from 11 a.m. to 4 p.m....
Volvo Rents Opens New Rental Center in Rockford, Ill.
Jack Moser, president and CEO of McAllister Equipment Co., last week announced the opening of a new Volvo Rents franchise in Rockford, Ill. McAllister Equipment, in operation since 1955, has long been a Volvo construction equipment dealer. ...
Rushing & Mason Sells $2.74 Million of Equipment Through IronPlanet
IronPlanet, an international online auction company for used construction and agricultural equipment, recently liquidated $2.74 million of equipment for Rushing & Mason of Memphis, Tenn., and Little Rock, Ark., achieving 121 percent of its initial price target....
Euliss Announces Retirement from Multiquip
Carson, Calif. Roger Euliss, Multiquip Inc. president, last month announced his intention to retire from the Carson, Calif.-based company at the end of...
HERC Acquires Connecticut Aerial Company
Park Ridge, N.J. Hertz Equipment Rental Corp. last month announced the acquisition of Hamden, Conn.-based All Reach LLC, one of the top aerial rental...
Private Equity Group Acquires Essex Crane Rental
Buffalo Grove, Ill. Hyde Park Acquisition Corp. recently announced that it has entered into a definitive agreement to acquire privately held Essex Crane...
Moes Names Kunka CEO of Equipment Depot
Waco, Texas Equipment Depot founder Don Moes named Kelly Kunka president and CEO of the Waco, Texas-based regional forklift, aerial, tractor and materials-handling...
Former United Rentals President Milne Charged With Securities Fraud
Greenwich, Conn. John Milne, former vice chairman, president and chief financial officer of United Rentals was indicted April 4 by a federal grand jury...
United Rentals Realigns Leadership Structure
Greenwich, Conn. United Rentals recently announced a realignment of its field leadership structure designed to support its corporate strategy for corporate...
Max Equipment Acquires San Diego's Superior Rentals
San Marcos, Calif. Max Equipment Rental, based in San Marcos, Calif., finalized its acquisition of Superior Rental in the Kearney Mesa area of San Diego....
HERC Acquires Connecticut Aerial Company
Hertz Equipment Rental Corp. last week announced the acquisition of Hamden, Conn.-based All Reach LLC, one of the top aerial rental and services companies in New England. All Reach serves clients throughout Connecticut, Westchester County, N.Y., Rhode Island and western Massachusetts....
RSC Posts 7 percent Q1 Rental Volume Increase
RSC Equipment Rental posted a 7.0 percent first-quarter increase in rental revenues, with $372.3 million, compared with $348.0 in the first quarter of 2006. Same-store rental revenue growth was 4.6 percent for the quarter, while rental rates dropped 0.4 percent from the previous year’s first quarter....
HERC’s Worldwide Revenue Up 5.4 Percent in Q1
Hertz Global Holdings recorded record first-quarter 2008 worldwide revenues of $2.04 billion, a 6.1-percent increase compared with the first quarter 2007. Revenues from international operations constituted 33.3 percent of worldwide revenues....
New Corporate Manslaughter Act Takes Effect in U.K.
International Powered Access Federation officials commented on the new Corporate Manslaughter and Corporate Homicide Act 2007 at the IPAF Summit on April 15. The Act, which went into force on April 6, and applies across the United Kingdom, will support well-managed access companies by punishing those that take unjustifiable risks with people’s safety, according to barrister Denis Barry, who spoke at the summit....
IPAF Elects John Ball President
John Ball, group managing director of Ireland-based Height for Hire, was elected president of the International Powered Access Federation at its annual general meeting on April 15. ...
Euliss Announces Retirement from Multiquip
Roger Euliss, Multiquip Inc. president, last week announced his intention to retire from the Carson, Calif.-based company at the end of 2008....
Steve Seminack Joins Modern Group as Chief Financial Officer
Bristol, Pa.-based Modern Group, a leading U.S. distributor of industrial lift trucks and construction equipment, last week announced the addition of Steve Seminack to the executive management team as vice president/chief financial officer, effective immediately....
GE Capital to Acquire Most of CitiCapital
GE Capital has agreed to purchase most of CitiCapital, Citigroup’s North American commercial lending and leasing business, in an all-cash transaction. Financial terms were not disclosed and the acquisition is expected to close, pending normal regulatory approvals, by the third quarter of this year....
HERC to Open New Facilities in Toronto and North Carolina
Hertz Equipment Rental Corp. last week announced the grand opening of its Downtown Toronto, Ontario, general rental facility, which opens May 2, and its Kannapolis, N.C. general rental facility, which opened Feb. 25. ...
Grand Re-Opening of HERC Pennsauken Draws Nearly 300
Hertz Equipment Rental Corp. celebrated the grand re-opening of its Pennsauken, N.J. general rental facility earlier this month. The event, which drew approximately 275 people, showcased the facility’s renovated showroom and newly expanded product line, which includes small tools, equipment and contractors’ supplies. ...
Private Equity Group Acquires Essex Crane Rental
Hyde Park Acquisition Corp. recently announced that it has entered into a definitive agreement to acquire privately held Essex Crane Rental Corp., which owns the largest specialized fleet of lattice-boom crawler cranes and attachments in North America....
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