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Dealers: Page 84
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
Neff, H&E walk away from acquisition following higher offer
Update: On Thursday, United Rentals announced that it would buy Neff in a $1.32 billion deal. H&E Equipment Service’s purchase of Neff Corporation announced in mid-July has ended, following the announcement of a more lucrative offer from another bidder. The new bidder has offered to purchase Neff for $25.00 per share, a substantial increase over the […]
August 16, 2017
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July 1, 2024
Wacker Neuson Q2 earnings soar 31% with growth in the Americas
Wacker Neuson reports second quarter 2017 revenue of 452.2 million euros ($501.5 million), an increase of 11 percent compared to the same period last year. Profit for the quarter reached 29.8 million euros ($35.15 million), growth of 31 percent compared to second quarter 2016. Earnings before interest and tax increased 41 percent to 36.7 million […]
August 15, 2017
Dealers
Largest Cat dealer Finning Q2 revenue jumps 21%
Second quarter revenue for the largest Caterpillar distributor Finning International jumped 21 percent to $1.58 billion, compared to the same period last year, driven by a 46-percent increase in new equipment sales on a consolidated basis. The company also cites product support revenue growth of 13 percent, indicating all operations reported higher parts demand. “Our […]
August 15, 2017
Dealers
Equipment Roundup: Komatsu WA200-8 loader; Navistar cuts medium duty engines; Nox Tiltrotator; Link-Belt 110RT crane; Manitou donates Gehl skid steers
Komatsu intros WA200-8 loader with quick coupler, lower fuel use Calling the new loader “versatile” and “useful in virtually any application,” Komatsu has introduced the WA200-8 with improvements to fuel efficiency and operator comfort. Powered by a 4.46 liter, 126-horsepower Komatsu SAA4D107E-3 Tier 4 Final engine, the WA200-8 can drop fuel consumption by up to […]
August 15, 2017
Dealers
Business Roundup: Strongco Q2 earnings; Stephenson to buy Walsh; Hyundai CE adds Newman Tractor; Franklin Equipment opens Louisville branch; Construction jobs report
Strongco Q2 revenues drop 6%, but earnings grow Ontario-based equipment dealer Strongco Corporation‘s second quarter 2017 revenues decreased roughly 6 percent compared to the same period last year, reaching $95.9 million. However, earnings before interest, tax, depreciation and amortization (EBITDA) increased dramatically compared to the second quarter of 2016, growing to $3.4 million compared to a […]
August 15, 2017
Dealers
Roland Machinery’s Bolingbrook branch joins Doosan Portable Power dealer network
Doosan Portable Power has added Roland Machinery’s Bolingbrook, Illinois, branch to its dealer network to carry the company’s line of air compressors, generators and light towers. Roland Machinery, based in Springfield, Illinois, has 15 locations in addition to its main office spread across Illinois, Indiana, Michigan, Missouri and Wisconsin. The Bolingbrook site covers the Chicago […]
August 15, 2017
Dealers
Fabick Cat donates $600,000 to six St. Louis charities in celebration of 100th anniversary
Fabick Cat recently marked its 100th anniversary with six $100,000 donations to St. Louis area charities from the dealership’s Fabick Charitable Trust. “For 100-years, Fabick Cat has supplied equipment and services that help make progress possible and improve the quality of life in our communities,” says Fabick Cat CEO Doug Fabick. “Since 1917 our motto […]
August 14, 2017
Dealers
Komatsu Q1 sales jump 44%, profit doubles in wake of Joy Global acquisition
The immediate impact of Komatsu’s acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global has been overwhelmingly positive as the Japanese equipment manufacturer has seen big sales and profit gains in the first quarter of the current fiscal year. According to the company’s FY 2018 Q1 earnings report, sales are up 44.2 percent to […]
August 11, 2017
Dealers
Rich Deister promoted to executive VP at Deister Machine Co.
Representing the fourth generation of Deister leadership, Richard (Rich) M. Deister has recently been promoted to executive vice president of Deister Machine Co. “Rich has a proven track record for successfully leading large scale initiatives and driving innovation. His leadership skills are well suited to overseeing all operations of the company,” says Irwin F. Deister, Jr., […]
August 11, 2017
Dealers
Takeuchi-US adds Courson Equipment to serve northern Nevada
Takeuchi-US has added Carson City, Nevada-based Courson Equipment to its dealer network, adding to its coverage in northern Nevada. The dealership, established in 1996, will carry Takeuchi’s full lineup including excavators, skid steers, track loaders and wheel loaders. “Courson Equipment has a great customer base throughout the nine counties in northern Nevada it serves,” says […]
August 10, 2017
Dealers
Equipment Corporation of America names Harmston VP of sales, marketing
Pittsburgh, Pennsylvania-based Equipment Corporation of America (ECA) has named Jeff Harmston as vice president – sales and marketing. Harmston previously served as southeast regional sales manager for the foundation construction equipment distributor and worked out of the company’s Greensboro, North Carolina, branch since 2011. ECA says in his new role Harmston will focus on the […]
August 9, 2017
Dealers
ARA drops 2017 equipment rental forecast slightly, but predicts future growth
The American Rental Association (ARA) says in its latest quarterly update on its five-year forecast that equipment rental revenue in 2017 will reach $49.3 billion, a slight decrease from the $49.4 billion the association estimated in its last report. While this new forecast is a bit lower, it still represents a 4.3-percent increase over 2016. […]
August 8, 2017
Dealers
Equipment Roundup: Case CoPilot dozer control; Volvo VNL redesign; Older engines exempt from ELD rule; New Fascan crane; Milwaukee’s Tick equipment, tool locator
Case unveils SiteControl CoPilot: A simple, affordable dozer machine control system Case Construction Equipment has introduced a machine control solution for dozers that the company says it is positioning as an affordable bridge between automatic and indicate-only systems. SiteControl CoPilot is available as a retrofit or as a factory-installed option on select Case M Series […]
August 8, 2017
Dealers
Strongco Q2 revenues drop 6%, but earnings grow
Ontario-based equipment dealer Strongco Corporation‘s second quarter 2017 revenues decreased roughly 6 percent compared to the same period last year, reaching $95.9 million. However, earnings before interest, tax, depreciation and amortization (EBITDA) increased dramatically compared to the second quarter of 2016, growing to $3.4 million compared to a loss of $2.4 million last year. “Slow […]
August 8, 2017
Dealers
Business Roundup: Shawmut Equipment turns 60; Prinoth adds Company Wrench to dealer network; Construction spending down; Smith Concrete, Shelly host fundraiser; Empire Crane taps NJ manager
Nonresidential sends construction spending down 1.3% in June Decreases in spending on apartment homes and nonresidential projects were the difference in June’s construction spending report, as total U.S. spending fell 1.3 percent to a seasonally adjusted annual rate of $1.205 trillion. Despite the monthly drop, the annual rate remains 1.6 percent above the June 2016 […]
August 8, 2017
Dealers
Stephenson Equipment to acquire Walsh Equipment
Stephenson Equipment Incorporated (SEI) is acquiring Walsh Equipment, with the latter operating as a division of SEI and continuing to operate out of its two Pennsylvania locations. SEI was founded in 1957 and is based in Harrisburg, Pennsylvania. It now has four branches in its home state along with two in New York. Walsh is […]
August 7, 2017
Dealers
Bomag Americas names Sweet as VP of sales and marketing
Bomag Americas has named Shawn Sweet as vice president of sales and marketing, with responsibilities over dealer and rental sales teams, marketing, product management and new business development. Sweet has 27 years of experience in the construction industry, having worked the first 17 of those years at Ingersoll Rand. He then spent seven years as […]
August 4, 2017
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![DOOSAN P250/HP185 TIER 4 COMPRESSOR: Handle a range of applications with the Tier 4 Final-compliant P250/HP185 portable air compressor from Doosan Portable Power, which operates at either 250 cfm at 100 psi or 185 cfm at 150 psi. Useful for general construction applications including powering multiple hand-held pneumatic tools, the two-in-one compressor features variable pressure […]](https://img.equipmentworld.com/files/base/randallreilly/all/image/2015/06/eqw.doosanppcompressor.png?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
