All Ahern Rental articles – Page 4

  • No caption available
    Article

    Ahern Rentals gets extra 120 days to prepare Chapter 11 plan

    2012-05-14T12:23:00Z

    A bankruptcy court in the US has granted Ahern Rentals a further 120 days in which to prepare a restructuring plan as part of the Chapter 11 process. The deadline was expended from late April until 20 August.

  • Caterpillar
    Article

    Caterpillar to sell majority stake of third-party logistics business

    2012-05-11T16:35:00Z

    Caterpillar is to sell a 65% stake in its third-party logistics division to US-based Platinum Equity for US$750 million.

  • No caption available
    Article

    Private equity interest in Ahern Rentals

    2012-03-26T10:51:00Z

    Press reports in the US suggest that private equity firm Platinum Equity, founded by Tom Gores, wants to take ownership of Ahern Rentals, the Las Vegas based rental company that is currently going through Chapter 11 bankruptcy proceedings.

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

    Court approves Ahern Rentals' DIP financing

    2012-01-31T18:03:00Z

    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.

  • Ahern Rentals collectively has a fleet of 35,000; in its aerial work platforms, the count is 20,000.
    Article

    Ahern to start borrowing on bankruptcy loan to pay debt

    2012-01-03T10:04:00Z

    Following the news that 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, Dow Jones News services has reported that the company can begin tapping a $350 million bankruptcy loan from its ...

  • No caption available
    Article

    Ahern Rentals files Chapter 11

    2011-12-27T16:18:00Z

    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.

  • No caption available
    Article

    American telehandler rental fleets 10% smaller than two years ago

    2011-05-09T21:54:00Z

    ALH's annual listing of North America's largest telehandler-owning rental fleets shows stability.

  • No caption available
    Article

    Ahern makes losses but continues network expansion

    2009-11-24T14:34:00Z

    Ahern Rentals in Las Vegas, US, is to continue its policy of expanding its network, with plans to open up to 15 new locations by the end of 2010. The company reported net losses of US$16.5 million for the three months to 30 September, with interest payments amounting to $9.2 ...

  • No caption available
    Article

    Ahern revenues drop 26% as network expansion continues

    2009-08-18T16:16:00Z

    Continued weakness in the US construction market led Ahern Rentals to report a 26% fall in revenues to US$61.7 million for the three months to 30 June. Ahern made an operating loss of $87.9 million for the quarter.

  • Article

    $13.5m loss at Ahern as revenues fall

    2009-05-20T11:01:00Z

    Las Vegas-based Ahern Rentals made a US$13.5 million net loss in the first quarter of 2009. Revenues of $63.2 million were down 19% on the previous year, with same-branch revenues falling 23%.

  • No caption available
    Article

    Ahern Rentals expands despite rental decline

    2009-04-01T10:36:00Z

    Ahern Rentals in the US is expanding its area of operations to offset declines in rental activity. The Las Vegas-based company said its rental revenues fell by 17% in the first two months of 2009 compared to the same period in 2008, with sales of new equipment falling 62% in ...

  • Article

    Ahern revenues up as prices fall

    2008-11-19T10:42:00Z

    Third quarter revenues at Ahern Rentals increased 13% to $89.0 million despite a 5% fall in rental prices compared to the same period in 2007.

  • No caption available
    Article

    Branch, fleet growth raise Ahern Rentals revenues

    2008-08-18T15:00:00Z

    Same-branch rental revenues rose 16% to drive Ahern Rentals second quarter 2008 rental revenues 20% higher to $83.9 million from $70.0 million last year. Three new stores since the second quarter of 2007 contributed $2.9 million, 4.1%, of the quarter's revenues.

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

    Extreme sport: Don Ahern, Ahern Rentals

    2008-05-07T10:26:00Z

    Even with speculation that parts of the West are entering a recession, Ahern Rentals is doing better than ever. John Wyatt talks with its President, Don Ahern, in Las Vegas

  • Article

    Ahern on the US rental scene

    2008-04-22T15:48:00Z

    Ahern Rentals has been one of the fastest growing independent rental companies in the US for the past 10 years. Now, however, the company’s founder and president, Don Ahern, is becoming more cautious about growth. He spoke to John Wyatt at one of Ahern’s rental yards in Las Vegas.

  • Rental companies have scaled back their investment in telehandlers in 2007 because of the US housing
    Article

    Mid-cycle?

    2008-03-18T17:03:00Z

    The North American rental sector is still enjoying a period of buoyant demand, but are there the first signs of a slowdown? IRN takes the temperature of the world's biggest rental market.

  • The 1430 Hy-Brid model is the larger of the two machines, with a 20 foot working height but a slight
    Article

    High bred machines: niche producer with global aspirations

    2008-03-07T11:30:00Z

    Viewed as a producer of niche, lightweight scissor lifts, Custom Equipment brings in the new year with a new facility and global aspirations.