Tag: rental equipment: Page 2

Dealers

Marco Group International buys JAD Equipment Co. of Youngstown, Ohio

Marco Group International has bought JAD Equipment Co. Inc., an Ohio-based distributor of equipment and services for the painting, sandblasting and pressure-washing industries. JAD has distributed surface preparation equipment, parts and supplies to contractors – primarily in the industrial and infrastructure markets – from its Youngstown headquarters since 2001. Marco makes and distributes surface preparation […]

January 9, 2018

Dealers

United Rentals buys power equipment assets from Cummins

Following the announcement last week of its plans to purchase of Neff Corporation, United Rentals says it has bought power equipment assets from Cummins, with service and equipment available immediately. The purchase gives the company Cummins’ mobile rental generator fleet made up of equipment with output ranging from 150 Kilowatts to 2 Megawatts. Cummins will […]

August 25, 2017

Dealers

ARA forecasts equipment rental revenue at $49.4 billion for 2017

The American Rental Association (ARA) expects U.S. equipment rental revenue in 2017 to grow 4.5 percent, reaching $49.4 billion, according to its latest five-year forecast. This is $500 million more than its previous forecast issued in January. The forecasted figure combines revenue for construction and industrial, general tool and light construction, as well as party […]

May 10, 2017

Dealers

United Rentals completes NES Rentals purchase for $965 million

United Rentals says it has completed its purchase of NES Rentals Holdings for roughly $965 million in cash, a deal funded through “unsecured debt and available capacity on the company’s ABL facility.” “We’re excited by the customer and investor benefits we’ve created through this combination, which leverages our technology, infrastructure and cross-selling capabilities,” says Michael […]

April 4, 2017

Dealers

Jerr-Dan, JLG team up to create 10 Ton Rental Spec Carrier for equipment rental industry

Jerr-Dann Corporation and JLG Industries, both part of Oshkosh Corporation, are teaming up to create a new 10 Ton Rental Spec (RS) Carrier to be used in equipment rental. The Jerr-Dan 10 Ton RS Carrier will be available exclusively for the rental industry through JLG Industries in July this year. “We are excited to introduce […]

March 24, 2017

Dealers

With shift in contractor demand, rent-to-rent should be part of every equipment dealer’s mix

In the early 2000s, an Associated Equipment Dealers (AED) meeting featured a contractor panel where the moderator delved into the then relatively-new, much-discussed topic of rentals. When one of the contractors on the panel declared, “I don’t rent,” my jaw dropped at the response by some dealers in the audience: they clapped. Another AED meeting, […]

March 21, 2017

Construction Equipment

JCB enters aerial lift market, will introduce 27 ‘Access’ machines in 2017

For the past two years, U.K.-based construction equipment manufacturer JCB has been quietly developing a lineup of powered access models and will enter the $8 billion market under the name JCB Access. The division will introduce 27 new machines by the end of this year in the U.K., France, Germany and in North America. According to a […]

February 8, 2017

Dealers

United Rentals reports nearly flat year-over-year 3Q results

United Rentals has reported nearly flat year-over-year results for the third quarter of 2016, with total revenue at $1.508 billion compared to $1.550 billion for the same period last year. Rental revenue was nearly unchanged at $1.322 billion compared to $1.326 billion in 2015. Breaking down the rental revenue, the company reported owned equipment revenue […]

October 28, 2016

Dealers

ARA names Conant as its next executive VP and CEO

The American Rental Association has tapped Tony Conant, whose resume is packed with operations and supply chain experience, as its next executive vice president and CEO. Conant was chosen by the association’s board of directors and will replace Christine Wehrman who is retiring after 16 years with ARA. Conant will become only the fourth ARA executive VP/CEO […]

October 20, 2016

Dealers

Dutch compact equipment brand Giant will make North American debut at GIE+ Expo

Dutch equipment brand Giant will make its entrance to the North American market with the debut of compact equipment lineup at the GIE+ Expo in Louisville later this month. The manufacturer will operate as Tobroco-Giant USA and will be headquartered in Des Moines, Iowa. The company will offer a machine lineup of 11 models including compact wheel loaders, […]

October 7, 2016

Dealers

Recession weary heavy equipment buyers flock to rental, RPOs to lower risk

“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]

July 26, 2016

Construction Equipment

Vermeer’s new FTX25 takes aim at residential footings market

Based on the platform of Vermeer’s compact utility loader, the company’s new FTX25 footings trencher is a stand-on, track-mounted unit built to dig footings up to 26 inches deep and up to 12 inches wide. “This is a rental unit directly aimed at the housing market,” says Todd Roorda with Vermeer. “Rental is huge in […]

March 17, 2016