Tag: equipment rental: Page 18

Dealers

Caterpillar invests in, adds dealer inventory to Yard Club, an online contractor-to-contractor equipment rental service

Most contractors outside of San Francisco have likely never heard of Yard Club. But thanks to an investment from and substantial partnership with Caterpillar, that’s about to change. Caterpillar announced today that it has entered into an agreement that will greatly expand the startup equipment rental service, founded in 2013. Much in the same way […]

May 7, 2015

Business

BlueLine Rental expands footprint with acquisition of Trico Equipment Inc.

BlueLine Rental has announced that it will acquire Trico Equipment Inc. for an undisclosed amount. Trico, a rental company serving New Jersey, Pennsylvania, Maryland and Texas, specializes in aerial lift equipment. Trico’s senior leadership is expected to stay with BlueLine in management roles once the acquisition is completed. “Trico is a very complementary business for BlueLine […]

February 5, 2015

Business

ARA expects heavy equipment rental market to grow 8.5% to $26 billion in 2015

The American Rental Association said it expects the 2015 U.S. construction/industrial equipment rental market to grow 8.5 percent this year, reaching $26 billion. General tool rentals will grow 8.8 percent to $9.9 billion, the association predicts. “The industry growth forecast remains more than double that of the overall economy,” says Christine Wehrman, ARA’s executive vice […]

January 20, 2015

Business

ARA: U.S. equipment rental market to grow 7.3 percent this year, slightly down from earlier predictions

Revising its forecast slightly down from the 7.6 percent growth predicted in July, the American Rental Association now sees 7.3 percent growth this year in the U.S. equipment rental market. The total market—consisting of primarily construction equipment and general tool segments, but also including a party and event component—is now expected to reach $35.7 billion, […]

November 5, 2014

Business

BlueLine Rental acquires Alabama’s JustRuss Rental

BlueLine Rental, formerly Volvo rents,  is growing its presence in the state of Alabama. The small- to medium-sized construction rental equipment provider announced the acquisition of JustRuss Rental Inc. JustRuss is a full-service equipment rental company with three locations in Alabama. Terms of the deal were not disclosed. BlueLine CEO Phil Hobson said the deal […]

September 17, 2014

Business

ARA: U.S. equipment rental will grow 7.6% in 2014, exceed $51 billion in 2018

U.S. total equipment rental revenue will grow 7.6 percent this year, reaching $35.8 billion, but the American Rental Association is even more bullish about rental in the coming four years. ARA says rental revenue will grow 10.5 percent in 2015, reaching $39.6 billion; another 10.2 percent in 2016, reaching $43.6 billion; 8.9 percent in 2017 […]

August 12, 2014

Business

RER’s Top 100 firms reach highest-ever total equipment rental volume

The RER 100 topped $15.4 billion, the highest-ever total rental volume, according to RER magazine, which annually ranks North American rental firms based on volume. Total volume increased by 10.4 percent over last year, when RER calculated volumes totaled $13.967 billion. Behemoth United Rentals once again topped the list with a total rental volume of […]

May 19, 2014

Roadbuilding

BigRentz.com secures deal with United Rentals, adds more than 800 locations

BigRentz.com announced last week that it has added more than 800 new equipment rental locations in the past month. The additional locations are the result of a deal with United Rentals, which allows BigRentz.com to provide equipment through all of United Rentals’ branches in the U.S. and Canada. United Rentals has more than 830 locations […]

August 19, 2013

Construction Equipment

Will you rent more equipment in the future? Three experts say it’s likely.

Two major factors have prompted equipment rental to boom in recent years, according to rental expert Dan Kaplan, CEO, Daniel Kaplan Associates: Economic uncertainty and what he calls the “outstanding” performance of today’s rental companies. “Major rental companies are targeting national contractor accounts and converting them from owning to renting,” said Kaplan in a webinar […]

May 31, 2013

Business

Volvo considering sale of Volvo Rents equipment rental business, Bloomberg reports

Volvo is considering the sale of its North American construction equipment rental business, according to a new report from Bloomberg. Companies and private-equity firms are reportedly interested in buying the business, named Volvo Rents. The business may be worth between $1 billion and $1.5 billion, according to two sources that spoke to Bloomberg under anonymity. […]

May 24, 2013

Business

ARA forecasts U.S. equipment rental to generate $33.6 billion this year

The American Rental Association expects the U.S. equipment rental industry to generate $33.6 billion in revenue this year, an increase of 7.3 percent over 2012. The data is part of ARA’s Rental Market Monitor which was recently updated. The ARA expects construction and consumer spending to be the most important drivers behind equipment rental in […]

May 22, 2013

Business

Sumitomo acquires majority stake in Sunstate Equipment

Japanese company Sumitomo Corporation announced this morning that it has increased its investment to become the controlling interest in Sunstate Equipment Co. with 80 percent of the company’s shares. Despite the U.S. construction equipment rental industry’s downturn, in December 2009 Sumitomo made a $50 million investment in Sunstate because it “was convinced that industry was […]

January 8, 2013