Content Tagged: "investments"

Caterpillar has donated $500,000 to the Associated Equipment Distributors Foundation in support of its Vision 2025 Campaign.

In 2024, Stephenson’s Rental Services celebrates its 70th anniversary of serving customers in Canada. Rental Management spoke with CEO Guy Manuel to learn about the company’s garage-born origins, how it has thrived over time and what he feels the next few years in the equipment rental space looks like.

Rental Management’s 2024 Market Movers features some of the top event rental companies of all sizes that have significantly grown their rental revenues between 2021 and 2023.

Stephenson’s Rental Services, Mississauga, Ontario, Canada, is growing and has earned a spot on Rental Management’s list of 2024 Market Movers.

Brandon Sayre and his cousins, Briar Sayre, CERP, and Joey Jewel, left their family’s Ohio event rental operation to make their own mark. 

Rental Equipment Investment Corp., Kalispell, Mont., a portfolio company of Kinderhook Industries, has acquired Indian Peaks Rental, Tabernash, Colo. 

Toyota Material Handling broke ground on a nearly $100 million, 295,000-sq.-ft. manufacturing facility dedicated to producing electric products.  

Ami Kassar, CEO/Founder/Author of MultiFunding discusses making and tracking investments, capital structure, P&L expenses and more.

Renterra, a software platform for the equipment rental industry, announced that through a recent capital investment it has raised $3 million to expand its offerings.

In its updated forecast released at The ARA Show™, the American Rental Association (ARA) indicates that the United States equipment rental industry’s growth has a fairly positive outlook. The most current projections indicate a 7.9 percent increase in 2024 totaling $77.3 billion in construction and general tool rental revenue.

4-Horn Trench & Shoring is expanding to the Midwest with the opening of a new facility in Inver Grove Heights, Minn.

The chairs of the U.S. House Ways and Means Committee and Senate Finance Committee have agreed on a proposal that could address several of the tax policy priorities the American Rental Association (ARA) has been pursuing.

JLG Industries, an Oshkosh company, McConnellsburg, Pa., has updated its JLG® University learning platform to enhance the way it delivers its training programs.

Brian Richardson, president, L & A Tent Rentals, Trenton, N.J., and American Rental Association (ARA) Region Two director, sees a mix of booming business tempered by rising interest rates and election year uncertainty for mid-Atlantic rental operators heading into 2024.

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.

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.

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.

Generac Grid Services, part of Generac Power Systems, Waukesha, Wis., has been selected for negotiations by the U.S. Department of Energy to receive a $50 million grant to enhance the U.S. power grid's ability to deliver affordable, clean energy to lower income homeowners in Massachusetts.

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.

Develop a comprehensive theft prevention strategy. While intricate equipment thefts often make headlines, crimes of opportunity are more common than you might think.

Two companies from ARA’s Region One — which includes Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont — were among Rental Management’s 2023 Market Movers.

Equipment Depot, Houston, has named Anthony Garcia as its president, effective Sept. 11, 2023.

Happy August, American Rental Association (ARA) Region One members! For those who don’t know me, my name is Brittany Sherwood. 

MRE Partners has completed an investment in Curated Events, Raleigh, N.C.