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Dealers: Page 92
Dealers
Business Roundup: Finning Q2 revenue up 21%; Komatsu Q1 sales up 44%; Takeuchi-US adds Courson Equipment; ARA drops rental forecast
Largest Cat dealer Finning Q2 revenue jumps 21% Second quarter revenue for the largest Caterpillar distributor Finning International jumped 21 percent to $1.58 billion, compared to the same period last year, driven by a 46-percent increase in new equipment sales on a consolidated basis. The company also cites product support revenue growth of 13 percent, […]
August 22, 2017
Dealers
General Equipment names Dahl VP of sales
Equipment manufacturer General Equipment has named Randy Dahl as its new vice president of sales with responsibility over the development and coordination of sales and marketing for national and independent accounts as wells as sales strategy development for dealers in North America. “We are thrilled to have Randy join our team,” says Dennis Von Ruden, […]
August 21, 2017
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Dealers
Prinoth adds CG Equipment to NA dealer network
Tracked vehicle manufacturer Prinoth has added Ontario-based CG Equipment to its North American dealer network. CG Equipment, which has served southern Ontario since 1962, will carry the Panther line of vehicles through its locations in Zurich and Guelph, Ontario. Prinoth says adding CG Equipment is part of its strategy to expand its dealer network, which […]
August 18, 2017
Dealers
Talbert Manufacturing recognizes top 10 dealers of 2016
Talbert Manufacturing recently recognized its top 10 dealers for high performance in selling trailers, service and parts for 2016, with Hale Trailer Brake & Wheel of Voorhees, New Jersey, being named its top dealer for the ninth consecutive year. “Hale continues to lead our North American dealer network year after year. They’ve earned the reputation […]
August 17, 2017
Dealers
United Rentals to buy Neff Corporation for $1.32 billion
United Rentals has agreed to purchase Neff Corporation for $25 per share in cash, or $1.317 billion, and expects to close on the acquisition in the fourth quarter this year. The announcement follows the end of an agreement between Neff and H&E Equipment Services, which the former dissolved as a result of the more lucrative […]
August 17, 2017
Dealers
Neff, H&E walk away from acquisition following higher offer
Update: On Thursday, United Rentals announced that it would buy Neff in a $1.32 billion deal. H&E Equipment Service’s purchase of Neff Corporation announced in mid-July has ended, following the announcement of a more lucrative offer from another bidder. The new bidder has offered to purchase Neff for $25.00 per share, a substantial increase over the […]
August 16, 2017
Dealers
Wacker Neuson Q2 earnings soar 31% with growth in the Americas
Wacker Neuson reports second quarter 2017 revenue of 452.2 million euros ($501.5 million), an increase of 11 percent compared to the same period last year. Profit for the quarter reached 29.8 million euros ($35.15 million), growth of 31 percent compared to second quarter 2016. Earnings before interest and tax increased 41 percent to 36.7 million […]
August 15, 2017
Dealers
Largest Cat dealer Finning Q2 revenue jumps 21%
Second quarter revenue for the largest Caterpillar distributor Finning International jumped 21 percent to $1.58 billion, compared to the same period last year, driven by a 46-percent increase in new equipment sales on a consolidated basis. The company also cites product support revenue growth of 13 percent, indicating all operations reported higher parts demand. “Our […]
August 15, 2017
Dealers
Equipment Roundup: Komatsu WA200-8 loader; Navistar cuts medium duty engines; Nox Tiltrotator; Link-Belt 110RT crane; Manitou donates Gehl skid steers
Komatsu intros WA200-8 loader with quick coupler, lower fuel use Calling the new loader “versatile” and “useful in virtually any application,” Komatsu has introduced the WA200-8 with improvements to fuel efficiency and operator comfort. Powered by a 4.46 liter, 126-horsepower Komatsu SAA4D107E-3 Tier 4 Final engine, the WA200-8 can drop fuel consumption by up to […]
August 15, 2017
Dealers
Business Roundup: Strongco Q2 earnings; Stephenson to buy Walsh; Hyundai CE adds Newman Tractor; Franklin Equipment opens Louisville branch; Construction jobs report
Strongco Q2 revenues drop 6%, but earnings grow Ontario-based equipment dealer Strongco Corporation‘s second quarter 2017 revenues decreased roughly 6 percent compared to the same period last year, reaching $95.9 million. However, earnings before interest, tax, depreciation and amortization (EBITDA) increased dramatically compared to the second quarter of 2016, growing to $3.4 million compared to a […]
August 15, 2017
Dealers
Roland Machinery’s Bolingbrook branch joins Doosan Portable Power dealer network
Doosan Portable Power has added Roland Machinery’s Bolingbrook, Illinois, branch to its dealer network to carry the company’s line of air compressors, generators and light towers. Roland Machinery, based in Springfield, Illinois, has 15 locations in addition to its main office spread across Illinois, Indiana, Michigan, Missouri and Wisconsin. The Bolingbrook site covers the Chicago […]
August 15, 2017
Dealers
Fabick Cat donates $600,000 to six St. Louis charities in celebration of 100th anniversary
Fabick Cat recently marked its 100th anniversary with six $100,000 donations to St. Louis area charities from the dealership’s Fabick Charitable Trust. “For 100-years, Fabick Cat has supplied equipment and services that help make progress possible and improve the quality of life in our communities,” says Fabick Cat CEO Doug Fabick. “Since 1917 our motto […]
August 14, 2017
Dealers
Komatsu Q1 sales jump 44%, profit doubles in wake of Joy Global acquisition
The immediate impact of Komatsu’s acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global has been overwhelmingly positive as the Japanese equipment manufacturer has seen big sales and profit gains in the first quarter of the current fiscal year. According to the company’s FY 2018 Q1 earnings report, sales are up 44.2 percent to […]
August 11, 2017
Dealers
Rich Deister promoted to executive VP at Deister Machine Co.
Representing the fourth generation of Deister leadership, Richard (Rich) M. Deister has recently been promoted to executive vice president of Deister Machine Co. “Rich has a proven track record for successfully leading large scale initiatives and driving innovation. His leadership skills are well suited to overseeing all operations of the company,” says Irwin F. Deister, Jr., […]
August 11, 2017
Dealers
Takeuchi-US adds Courson Equipment to serve northern Nevada
Takeuchi-US has added Carson City, Nevada-based Courson Equipment to its dealer network, adding to its coverage in northern Nevada. The dealership, established in 1996, will carry Takeuchi’s full lineup including excavators, skid steers, track loaders and wheel loaders. “Courson Equipment has a great customer base throughout the nine counties in northern Nevada it serves,” says […]
August 10, 2017
Dealers
Equipment Corporation of America names Harmston VP of sales, marketing
Pittsburgh, Pennsylvania-based Equipment Corporation of America (ECA) has named Jeff Harmston as vice president – sales and marketing. Harmston previously served as southeast regional sales manager for the foundation construction equipment distributor and worked out of the company’s Greensboro, North Carolina, branch since 2011. ECA says in his new role Harmston will focus on the […]
August 9, 2017
Dealers
ARA drops 2017 equipment rental forecast slightly, but predicts future growth
The American Rental Association (ARA) says in its latest quarterly update on its five-year forecast that equipment rental revenue in 2017 will reach $49.3 billion, a slight decrease from the $49.4 billion the association estimated in its last report. While this new forecast is a bit lower, it still represents a 4.3-percent increase over 2016. […]
August 8, 2017
Dealers
Equipment Roundup: Case CoPilot dozer control; Volvo VNL redesign; Older engines exempt from ELD rule; New Fascan crane; Milwaukee’s Tick equipment, tool locator
Case unveils SiteControl CoPilot: A simple, affordable dozer machine control system Case Construction Equipment has introduced a machine control solution for dozers that the company says it is positioning as an affordable bridge between automatic and indicate-only systems. SiteControl CoPilot is available as a retrofit or as a factory-installed option on select Case M Series […]
August 8, 2017
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