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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.
Central Equipment of Idaho will sell, rent and service Kobelco compact excavators, under a new agreement with the equipment manufacturer.
The deal affects the dealership’s Pocatello and Jerome branches. Central’s specialties include heavy equipment for construction and mining.
Highlift Equipment in Ohio is the latest dealership to join Pettibone/Traverse Lift’s network.
Highlift will be the authorized dealer in the state for the manufacturer’s telehandlers.
VeriTread, The Heavy-Haul Marketplace, a Florida-based startup that connects construction equipment owners with hauling services online, has received a $2.5 million infusion from Sumitomo Corporation of Americas.
SCOA, along with Sumitomo Corporation, will receive an undisclosed ownership stake in VeriTread in exchange for the allocation, VeriTread said in a news release.
Multi Machine, which has the largest fleet of fixed and rotating tracked dumpers in North America, has added the Prinoth Panther T14R Rotating Tracked Dumper to its sales and rental inventory.
Prinoth has also added Kentucky Machinery as a new, sole dealer for the state of Kentucky, and will begin selling and leasing the tracked-vehicle manufacturer’s products in October.