Tag: equipment dealer: Page 78

Roadbuilding

Business Roundup: Cat accuses Wirtgen of patent infringement; P2P rentals, online equipment sales aren’t here to disrupt dealers; LiuGong global dealer conference; Thompson Cat adds Prinoth Panther

Cat fires back at Wirtgen with patent infringement complaint; ITC investigating The U.S. International Trade Commission (ITC) on Nov. 22 said it will investigate allegations by Caterpillar that German manufacturers Wirtgen GmbH and Joseph Vögele AG violated patent laws. The probe is based on a complaint filed by Cat on October 26, a complaint that is nearly […]

November 28, 2017

Dealers

H&E buys Denver-based Contractors Equipment Center

H&E Equipment Services announced the acquisition of Contractors Equipment Center (CEC) – a rental firm in the greater Denver area – for $122.4 million. The transaction, expected to be completed late this year, is subject to clearance by the U.S. Justice Department for compliance with antitrust laws. The purchase amount is subject to customary adjustments, […]

November 28, 2017

Dealers

Thompson Cat adds Prinoth Panther to rental lineup

Another dealership has signed up to represent the Prinoth Panther lineup. Thompson Cat of Memphis, Tennessee, which covers western Tennessee and northern Mississippi, will add the Panthers to its offerings. A Prinoth news release notes that the Panthers are powered by Caterpillar engines. The Prinoth Panthers will be added to the dealership’s Cat Rental Store. […]

November 27, 2017

Dealers

BigRentz promotes Imbimbo to CFO

BigRentz, a full-service, online construction equipment rental marketplace, has promoted Neda Imbimbo to chief financial officer. Imbimbo was formerly the vice president of finance and operations at BigRentz. She’s been instrumental in instituting accounting processes, systems automation and operations that have enabled the company to experience consistent double-digit revenue growth, the company says. She also played a key role […]

November 24, 2017

Dealers

LiuGong holds global dealer conference on eve of 60th anniversary

More than 1,000 attendees from over 70 countries attended LiuGong’s 2017 Global Dealer Conference, held this week in Changzhou, China. The event also celebrated the company’s coming 60th anniversary, and announced a global tour that will stop at each overseas facility. Established in 1958, LiuGong now has 15 product lines. Recent developments include the September […]

November 23, 2017

Dealers

Sandusky-based Construction Equipment & Supply owner sentenced to prison for phony bill fraud

Scott C. Wagner, owner of Construction Equipment & Supply in Sandusky, Ohio, has been sentenced to 75 months in prison in a phony bill scam, reports The Toledo Blade. The judgment also included a $25,000 fine. In July, a jury convicted Wagner of 26 counts related to fraud involving two clients; he later pleaded guilty […]

November 22, 2017

Dealers

P2P heavy equipment rental, online sales aren’t here to disrupt dealers—they’re an evolution

During a 2015 talk on innovation and how he and his team were working to transform 90-year-old heavy equipment manufacturer Caterpillar into a company whose machines move as much data as they do dirt, then CEO Doug Oberhelman had a unique way of describing his motivation. “We decided that maybe we better disrupt ourselves—in […]

November 21, 2017

Dealers

Following Neff rejection H&E Equipment Services offers notes with eye toward acquisitions

H&E Equipment Services, who earlier this year made an offer for Neff Corporation that was superseded by a higher bid from United Rentals, announced that it will be offering $200 million in aggregate principal amount of its 5.625-percent Senior Notes due in 2025. In making the announcement, H&E said the proceeds from the new notes […]

November 21, 2017

Dealers

Equipment Roundup: Cat unveils next-gen excavators, first UTVs; The Duke is one bad ’72 Chevy; Tesla unveils electric Semi; Tracks that monitor their own wear; Volvo intros EC27D excavator

Cat intros next-gen excavators with “digital heart” All three of Caterpillar’s new Next Generation excavators feature a radically new hydraulic system driven by a “digital heart.” The 320 and 323 (pictured here) models offer automated digging and positioning technology in addition to payload weighing. How cool is this: An excavator that you can start with […]

November 21, 2017

Dealers

Business Roundup: Deere opens Miami parts center; Kobelco adds dealers, makes promotions; Former JCB CEO now at Terex; New Wash. H&E branch

Deere opens Miami parts center to serve Latin America John Deere has opened a Regional Distribution Center in Miami. The 115,000-square-foot parts facility will serve all Latin America countries, with the exception of Brazil, Argentina and Mexico, which have their own in-country centers. To read more, click here. Kobelco adds four mini-excavator-only dealers Kobelco Construction […]

November 21, 2017

Dealers

Short term and long term, rental remains power player

The strong 3Q reports from Herc Rentals, H&E Equipment Services and United Rentals serve to underscore a recent forecast by the American Rental Association (ARA). Updating its five-year forecast, ARA says it expects equipment rental revenue to grow at a compound annual growth rate (CAGR) of 4.7 percent between 2017 and 2021. This forecast has changed […]

November 21, 2017

Dealers

Nortrax sells seven South Florida Deere dealerships

A Memphis-based family investment firm has bought seven John Deere Construction and Forestry Stores serving the South Florida region. Dobbs Management Service, through DJD Equipment Holdings, purchased full service Nortrax stores in Lutz (Tampa area), Orlando, West Palm Beach, Miami and Fort Myers, Florida. In addition to the full-service branches, the deal included parts-only stores […]

November 20, 2017