Business News

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    North America fuels HERC double-digit growth


    Hertz Equipment Rental Corporation (HERC) reported worldwide equipment rental revenues of $335 million for its second quarter of 2012, up 11% year-over-year. HERC says this double-digit increase has been driven by North American demand.

  • Darren Kell, Tanfield Group chief executive.

    Snorkel to reinforce North American presence


    Speaking exclusively to Access, Lift Handlers , Darren Kell, chief executive officer of Snorkel, said the company's strategy for North America is to target mid-tiered rental companies to form relationships and strengthen those they already have.

  • Michael Kneeland, chief executive officer of United Rentals.

    United Rentals completes RSC acquisition


    United Rentals has completed its acquisition of RSC Holdings Inc. in a cash-and-stock transaction valued at $18 per share for a total enterprise value of $4.2 billion including $2.3 billion in debt, United Rentals announced.

  • Volvo

    Volvo Rents buys Nelico in Wyoming


    Volvo Rents continued its North American acquisition spree last week with the acquisition of Nelico Equipment Service and Supplies, a three-branch rental business with locations in Mills, Rock Springs and Casper, Wyoming.

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    Shareholders approve United Rentals' acquisition of RSC


    Shareholders at both United Rentals Inc. and RSC Holdings Inc. have voted in favor of United's forthcoming acquisition of RSC.

  • Don Ahern, president of Ahern Rentals and Xtreme Manufacturing.

    Court approves Ahern Rentals' DIP financing


    The US Bankruptcy Court in Nevada has approved Debtor-in-Possession financing for Ahern Rentals, allowing the rental company to continue operating without any interruptions.

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    Ahern Rentals files Chapter 11


    One of North America's largest independent rental companies, Las Vegas-based Ahern Rentals, has filed for Chapter 11 bankruptcy in order to restructure around $500 million in debt.

  • Chris Branson helped found InspHire when he was 27.

    Rental software company Insphire opens US office


    UK-based rental software company Insphire has established a permanent US sales office, located in Houston, Texas.

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    Highlift Equipment acquires Valco Equipment assets


    Highlift Equipment Ltd, a full service equipment distributor operating in Cincinnati since 1968 has acquired the assets of Valco Equipment Inc. of Canton, Ohio. Valco Equipment Inc. has been a distributor of telehandlers, scissor lifts and boom lifts for more than 24 years.

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    Profits up 83% at Ashtead driven by Sunbelt performance


    Ashtead Group’s operating profits jumped by 83% to £63.4 million for the three months to 31 October driven by an almost doubling of profits at Sunbelt Rentals in the US.