Tag: Chadwick-BaRoss

Dealers

Strongco Q1 revenues drop 8.8%, earnings sink 18.9%

Equipment dealer Strongco Corporation’s first quarter 2017 revenues fell to $83.2 million according to its most recent financial report, representing an 8.8 percent decrease compared to the same period the year before. Earnings before interest, tax, depreciation and amortization (EBITDA) dropped to $4.3 million, a decrease of 18.9 percent compared to 2016’s $5.3 million. Despite […]

May 12, 2017

Dealers

Strongco’s 2016 revenues drop 6%, earnings plummet 64%

Ontario-based equipment dealer Strongco Corporation has reported a 6.2-percent drop in revenues for 2016, along with a dramatic decrease in earnings before interest, tax, depreciation and amortization (EBITDA) of 64.2 percent, as it works to “streamline and stabilize” its business. Revenues for 2016 reached $361.3 million, compared to $385 million the previous year. EBITDA dropped […]

April 4, 2017

Dealers

Business Roundup: News on CTL market share, a new Hyundai CE COO, and new dealer locations

Why compact track loaders are still stealing skid steer market share at a relentless rate At some point, compact track loaders (CTLs) will quit taking market share from skid steer loaders. But for now, the relentless march of CTLs continues, driven by the narrowing of the cost differential between the two machine types, CTLs’ enhanced […]

December 12, 2016

Dealers

Prinoth adds Panther series at Chadwick-Baross dealer locations

Tracked vehicle manufacturer Prinoth has added additional products at dealer Chadwick-Baross locations in the northeastern United States. Chadwick-Baross will offer the full product line for Prinoth’s Panther series for rental and sale in addition to the Prinoth Trooper and SW4S products it already carries. The dealer will provide these products from branches in Westbrook, Caribou and Bangor, Maine; […]

December 7, 2016

Dealers

Strongco completes sale of U.S.-based equipment dealer Chadwick-BaRoss

Strongco Corportation has completed the sale of 100 percent of the shares of U.S. subsidiary Chadwick-BaRoss Inc. for $12.4 million to Chadwick-BaRoss Canada Inc., a subsidiary of ISH Capital. Announced in early August, Mississauga, Ontario-based Strongco said the sale was due to “challenging economic conditions.” The company says the sale will be used to fund […]

October 5, 2016

Dealers

Canadian heavy equipment dealer Strongco to sell U.S.-based Chadwick-BaRoss

Strongco, the Mississauga, Ontario-based distributor of Case CE, Manitowoc, Grove, Volvo CE and many other equipment brands, has announced plans to sell 100 percent of its shares of U.S. subsidiary Chadwick-BaRoss to ISH Capital for $12.75 million on or about Sept. 9. Strongco, which has locations across Canada and operates several Chadwick-BaRoss locations in the northeast […]

August 10, 2016