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United Rentals’ revenue rises 22% in 1Q 2019; more growth expected
United Rentals' announced increased revenues for Q1 of 2019 on their recent earnings call. Click here to read more details about their earnings report.
April 24, 2019
Dealers
Deere completes acquisition of Wirtgen Group
Exactly six months after announcing the transformative deal, Deere & Company says it has completed its acquisition of the Wirtgen Group. Plans for the $5.2 billion purchase were announced June 1 and with it John Deere becomes the first manufacturer to have crushing and screening, as well as mobile equipment, all under one company. Deere […]
December 1, 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H&E Equipment Services, who earlier this year made an offer for Neff Corporation that was superseded by a higher bid from United Rentals, announced that it will be offering $200 million in aggregate principal amount of its 5.625-percent Senior Notes due in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
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
Deere to acquire German road equipment maker Wirtgen Group for $5.2 billion
In a surprise announcement during the wee hours of Thursday morning, Deere & Company announced a blockbuster deal to acquire German equipment manufacturer Wirtgen Group. The two companies have signed a definitive agreement on the all-cash deal which will see Deere purchase the road equipment maker for €4.357 billion. When Wirtgen’s debts and other considerations […]
June 1, 2017
Mergers & Acquisitions
Acquisition complete, Joy Global is now Komatsu Mining Corp.
Komatsu today announced that it has completed its acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global. Citing a belief that the mining industry will see a long-term rebound driven by increased demand for larger equipment in surface mining and further development of underground mining, Komatsu first announced the $3.7 billion deal in July 2016. Though […]
April 5, 2017
Dealers
Ritchie Bros. to acquire online equipment auctioneer IronPlanet for $758.5 million
Announced late Monday evening, the auction giant Ritchie Bros. is acquiring internet-based auction company IronPlanet for approximately $758.5 million. The deal is Ritchie Bros. second acquisition this month following an August 2 announcement that the company would buy New England-based Petrowsky Auctioneers for $7 million. IronPlanet burst onto the heavy equipment auction scene in 1999 […]
August 29, 2016
Business
No Deal: Zoomlion withdraws acquisition offer following Terex MHPS sale to Konecranes
Less than two weeks after Terex walked away from a merger with Finnish equipment manufacturer Konecranes to further pursue acquisition talks with Chinese OEM Zoomlion, Zoomlion has withdrawn its offer. After announcing what appeared to a be done deal last fall with Konecranes, Terex officially walked away from the merger earlier this month after receiving an […]
May 31, 2016
Business
Toro buys BOSS snowplows, salt and sand spreaders
Toro will buy the BOSS business of Northern Star Industries, based in Iron Mountain, Michigan. BOSS makes snowplows, salt and sand spreaders for light and medium duty trucks, ATVs, UTVs and loaders. Michael J. Hoffman, Toro chairman and CEO says the BOSS line will be added to Toro’s existing professional contractor businesses. “We’ve long been […]
October 29, 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
Briggs & Stratton to acquire Allmand Bros. for $62 million
Briggs & Stratton announced today it will acquire Allmand Bros, manufacturer of towable light towers, industrial heaters and solar LED arrow boards. The Holdredge, Nebraska-based Allmand has sales of about $80 million, according to Briggs & Stratton, which will acquire all outstanding Allmand shares for $62 million in cash. The transaction is expected to close […]
August 14, 2014
Business
Construction company mergers, acquisitions increase as recession-weary contractors weigh the future
It’s well established that the effects of the recession are still being felt by the construction industry. The most visible evidence of that has been the skilled labor shortage. Thousands of skilled workers were laid off in the downturn, some retired, and a lot of those folks simply aren’t coming back even though things seem […]
August 1, 2013
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