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Tag: acquisition
Construction Equipment
Toro’s Charles Machine Works acquisition leads to 27.9% sales boost in 3Q
Toro reports a 27.9 percent increase in net sales for the third quarter, with this year’s acquisition of Charles Machine Works driving much of that rise. Toro completed its acquisition of Charles Machine Works, parent company of such brands as Ditch Witch, American Auger and Trencor, on April 1 for $700 million. The big jump […]
August 26, 2019
Dealers
H&E posts 20% revenue boost for 1Q; acquisition strategy continues
H&E Equipment Services saw revenues increase 20.4 percent in the first three months of 2019 over the same period last year. Read more on this here.
April 29, 2019
Dealers
Business Roundup: ALLU adds new facility; Construction planning continues slide; Subs sought for hurricane cleanup; Construction adds jobs
Construction adds 8,000 jobs in September The construction industry added 8,000 jobs during September bringing total industry employment to 6.911 million Americans, according to preliminary data from the Labor Department. Read more.  ALLU adds capacity with new facility in East Brunswick, N.J. ALLU has opened a new facility in East Brunswick, New Jersey, to give […]
October 10, 2017
Dealers
United Rentals finalizes purchase of Neff for $1.3 billion
United Rentals completed its acquisition of Neff Corporation on October 2 for a total purchase price of $1.3 billion. This marks the second major acquisition by United Rentals this year. In April it completed a $965 million purchase of NES Rentals Holdings. Then, a week after its announcement in August it would purchase Neff, United […]
October 5, 2017
Construction Equipment
Astec Industries acquires RexCon in $26 million cash deal
Astec Industries has bought the assets of RexCon LLC, a concrete batch plant manufacturer based in Burlington, Wisconsin, for $26 million cash. “The acquisition of RexCon reflects our stated strategy to drive focused growth, both organically and through acquisitions of strong companies, that serve the infrastructure, aggregate and mining, and energy industries,” said Astec CEO […]
October 4, 2017
Construction Equipment
Vermeer acquires McLaughlin, expands reach into utility market
Vermeer has acquired McLaughlin Group after buying a minority interest in the drill and vacuum excavator manufacturer in 2012. Vermeer announced that it has bought all remaining non-Vermeer interests of McLaughlin Group. McLaughlin, based in Greenville, South Carolina, will keep its name and brand for its products. Dave Van Wyk, former senior director of lifecycle […]
September 22, 2017
Roadbuilding
Allan Myers expands with purchase of new assets, including 2 asphalt plants
Heavy civil construction and materials company Allan Myers has expanded their presence in the Northeast with the purchase of new assets in the region. Allan Myers announced in a press release that the company had purchased major assets from Daisy Construction and Edgemoor Materials, including two new hot-mix asphalt plants in Elkton, Maryland, and Wilmington, Delaware. […]
September 11, 2015
Roadbuilding
Graniterock acquires cold-in-place recycling company FMG
Graniterock announced Thursday that it has finalized an acquisition deal with FMG Company Inc., a 15-year-old company based in San Jose, Calif. that provides services such as milling and grinding, cold-in-place recycling and equipment rentals. The companies finalized the acquisition on April 30. FMG will operate as a wholly-owned subsidiary of Graniterock using the FMG […]
May 2, 2014
Roadbuilding
Terex to sell truck business to Volvo CE
Terex announced on Monday that it plans to sell its truck business to Volvo Construction Equipment for approximately $160 million. The transaction, which is expected to close in the first half of 2014, will provide Volvo with off-highway rigid and articulated haul trucks. Terex’s Motherwell, Scotland manufacturing facility is included in the transaction. Terex Chairman […]
December 10, 2013
Business
Fiat Industrial, CNH reach merger agreement
Fiat Industrial and CNH Global have reached a merger deal that will allow Fiat to absorb the remaining 12 percent of the equipment maker that it doesn’t currently own. Under the terms of the transaction, Fiat and CNH will merge into a new company known as NewCo based in the Netherlands and listed on the […]
November 28, 2012
Business
Hertz expands in Oklahoma
Hertz Equipment Rental has acquired Pioneer Equipment Rental & Sales in Oklahoma. The Ponca City-based company, which has 10 branches in Oklahoma and another in north Texas, focuses on rental to the construction, rental and energy markets and serves the Oklahoma, southern Kansas and north Texas areas. Pioneer Rental is expected to add $25 million […]
September 28, 2012
Business
Autodesk aims to boost cloud and mobile computing on construction job sites with Vela Systems acquisition
Autodesk recently announced its acquisition of Vela Systems a provider of cloud-based field management software for the construction industry.
June 18, 2012
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