Content Tagged: "acquisition"

Komatsu, through its wholly-owned subsidiary in the U.S., Komatsu America Corp., Chicago, plans to acquire American Battery Solutions (ABS), a battery manufacturer headquartered in Detroit.

The Home Depot®, Atlanta, has entered into a definitive agreement to acquire International Designs Group, a platform company that owns and operates Construction Resources and other design-oriented subsidiaries.

Herc Rentals, Bonita Springs, Fla., has acquired Summit Equipment Rentals, which has three facilities in Southern California.

Alta Equipment Group, Livonia, Mich., has acquired Ault Industries, a privately-held Canadian equipment distributor with locations in Ontario and Quebec.

RDO Equipment Co., Fargo, N.D., has entered into a definitive agreement to acquire Honnen Equipment’s eight John Deere construction equipment locations in Wyoming, Utah and Idaho.

Proterra and Proterra Operating Co. are in a voluntary Chapter 11 bankruptcy process. The Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of US$210 million.

Watch as Robin Denny, CERP, Seattle-based regional director of sales with BBJ LaTavola Specialty Linens, discusses her entry into the event rental industry, what she admires about the business and how those in the event sector are meeting today’s talent acquisition challenges.

Brian Spilak, senior vice president at Cooper Equipment Rentals, Mississauga, Ontario, Canada, talks about his rental history and how Cooper continues to grow.

When Art Tidwell saw the concept of rental picking up steam, he jumped on board, opening Arvada Rent-Alls in 1963 in Arvada, Colo. 

Equity Group Investments, a Chicago-based private investment firm, has invested in CraneWorks, Houston, a dealer of new and used truck-mounted and related mobile crane equipment.

H&E Equipment Services, Baton Rouge, La., has acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment.

Hitachi Global Air Power US has purchased General Air Compressors North, Modesto, Calif. General Air Compressors North provides sales and service of air compressors, air treatment products, accessories and related equipment.

Fecon, Lebanon, Ohio, recently acquired TREEfrogg, a manufacturer of tree-trimming saw attachments for skid steers and compact track loaders.

Florida Rental Equipment, a three-location equipment rental company based in Orlando, has been acquired by Empower Rental Group, a platform of local equipment rental providers across the southeastern United States. 

The following companies have recently reported financial results.

Herc Holdings, Bonita Springs, Fla., reported earning a record $908 million in total revenue during the 2023 third quarter, up 22 percent compared to $745 million in the 2022 third quarter.

Metalcraft of Mayville (MOM), Mayville, Wis., has acquired Bluebird Turf Products, Auburn Hills, Mich.

Alta Equipment Group, Livonia, Mich., has entered into a definitive agreement to acquire Burris Equipment Co., Waukegan, Ill., a supplier of construction and turf equipment with three locations in Illinois.

Trackunit, London, Ontario, Canada, a global IoT (Internet of Things) services provider, has acquired North American field services company OEM Solutions (OEMSI), Chicago. 

PEAK Event Services, Woburn, Mass., has acquired Events Unlimited, Saugerties, N.Y. 

Doosan Bobcat, West Fargo, N.D., a company within Doosan Group, has expanded its global branding strategy as its RYAN turf renovation equipment will rebrand under the Bobcat trade dress in 2024.

Milton Rents, an affiliate of Milton CAT, a New England-based rental services company operating out of nine locations, has acquired American Rentals, doing business as The Duke Co., Rochester, N.Y.,

Hays Rental, El Dorado, Ark., has been acquired by Clark Burton and is being rebranded as Flying B Rental.

Sunbelt Rentals, Fort Mill, S.C., has acquired Runyon Equipment Rental, Indianapolis.