Renterra announced it has raised $3 million, led by Bienville Capital. This investment will accelerate Renterra's product development, expand its market reach, and enhance customer support services, ensuring that Renterra remains at the forefront of...
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April 17, 2024, 07:05 AM
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SitePro Rentals announced the opening of a new branch location in Dayton, TXs giving the equipment rental company a larger footprint to better support the greater Houston market. The 9,200 square foot facility on nearly six acres is SitePro’s 17th...
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April 09, 2024, 07:15 AM
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United Rentals has completed its previously announced acquisition of Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC from Platinum Equity for approximately $1.1 billion in cash. The transaction and related expenses...
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March 18, 2024, 07:00 AM
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Garrington Capital, a provider of capital solutions to middle-market companies in the United States and Canada, announced the closing of a $1.6 million Senior Secured Term Loan to support a buyer’s acquisition of a Pecos, TX-based equipment rental...
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March 06, 2024, 07:05 AM
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Raiven, the leading purchasing and supply chain management platform, announced the addition of United Rentals, the world's largest equipment rental company, to its premiere group of suppliers. This partnership marks a significant step in providing...
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February 20, 2024, 07:10 AM
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Borgman Capital announced the sale of its portfolio company Aerial Work Platforms, Inc. (AWP), an equipment rental company, to Herc Rentals Inc. Terms of the transaction were not disclosed. Founded in 1979, AWP specializes in the rental, service and...
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February 16, 2024, 07:18 AM
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Great Rock Capital closed a $46.3 million senior secured term loan for a fast-growing equipment management, leasing, and technology company.The term loan will provide growth capital and financial flexibility for the company as they increase the size...
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January 09, 2024, 07:10 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced it was selected as one of the U.S. Best Managed Companies in the Drucker Institute’s annual Management Top 250 ranking. The prestigious award, presented by The Wall Street...
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December 27, 2023, 07:10 AM
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United Rentals, Inc., the world's largest equipment rental company, announced the Estimated Emissions dashboard, a groundbreaking digital tool that enables users to view rental equipment and jobsites through the lens of current and historical...
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December 22, 2023, 07:00 AM
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Equipment Depot, America's largest independently operated material handling and equipment rental source, announced it has been selected by Amazon Web Services, Inc. (AWS), to adopt AWS Supply Chain, a cloud-based application.As an early adopter in...
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December 04, 2023, 07:10 AM
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EquipmentShare, one of the fastest growing integrated equipment rental and equipment asset management companies in the United States, announced its recent recognition with two esteemed military awards: the 2023 Military Times Best for Vets and the...
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November 21, 2023, 07:08 AM
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Herc Holdings Inc., an equipment rental supplier, announced at its Investor Day, strong progress toward the company’s three-year strategies, financial performance and capital allocation priorities set in 2021, and introduced new, three-year...
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November 10, 2023, 07:00 AM
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United Rentals was selected to the TIME World's Best Companies 2023 list. The award recognizes United Rentals as among the top-performing companies across the globe.The World's Best Companies list includes a wide range of industries such as retail...
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September 29, 2023, 06:19 AM
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Equipment Depot, America's largest independently operated material handling and equipment rental source, announced it is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years.In 2020, Equipment...
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September 22, 2023, 07:00 AM
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Transcat, Inc., a provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced it has acquired all of the...
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August 09, 2023, 07:07 AM
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H&E Equipment Services Inc. (H&E) announced the opening of its Cleburne branch, its 23rd rental location in the state of Texas and the sixth in the Dallas-Fort Worth metro area. Since the beginning of the second quarter of this year, H&E has opened...
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August 08, 2023, 07:00 AM
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McGrath RentCorp, a business-to-business rental company in North America, announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with...
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July 07, 2023, 07:10 AM
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H&E Equipment Services Inc. (H&E) announced the opening of its Statesville branch, its eighth rental location in the state of North Carolina.The branch is located at 160 Ebenezer Road, Statesville, NC. It includes a fully fenced yard area, offices...
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July 05, 2023, 07:00 AM
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AmeraMex International, Inc., a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced it has received a $2.1 million equipment rental agreement from a West Coast customer.The five-year...
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June 07, 2023, 07:00 AM
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H&E Equipment Services Inc. announced the opening of its Monroe branch, its eighth rental location in the state of Louisiana.It includes a fully fenced yard area, offices, and a separate repair shop and is capable of handling a variety of...
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May 30, 2023, 07:07 AM
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Wright Law Group, PLLC announced the promotion of Jared Rougeau to the position of Partner with the firm.Rougeau’s contributions to the firm as Director, Nationwide Litigation have been essential to the firm’s ability to keep the service level...
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May 22, 2023, 07:05 AM
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Premier Truck Rental (PTR), a provider of custom truck and trailer rentals, announced the grand opening of its new facility in Fort Worth, TX. This facility is part of the company's ongoing expansion strategy and will enable it to better serve its...
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May 22, 2023, 07:00 AM
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EquipmentShare, one of the fastest-growing integrated equipment rental and equipment asset management companies in the United States, announced that it will increase its borrowing capacity from $2.1 billion to $3 billion through a senior secured...
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May 11, 2023, 07:18 AM
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McGrath RentCorp, a business-to-business rental company in North America, announced it has acquired the assets of Dixie Temporary Storage, a regional provider of portable storage solutions in the South Carolina market. The transaction was funded with...
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April 06, 2023, 07:07 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced it has surpassed 335,000 pieces of equipment outfitted with telematics technology in its rental fleet. The equipment includes aerial work platforms, earthmoving equipment...
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March 10, 2023, 07:05 AM
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TCC Financial, the U.S. lending division of Travelers Capital Corp., a Canadian asset-based lender, is pleased to announce the successful closing of a US$30.8 million senior secured term loan facility to support the growth and development needs of a...
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January 31, 2023, 07:05 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced it has provided all-electric trucks to Shell for use at its Geismar (La.) Chemical Manufacturing site. Shell is using the rental equipment to support plant maintenance...
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November 03, 2022, 07:05 AM
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United Rentals, Inc. outlined the steps the company is taking to reduce the environmental impact of its operations and help its customers reduce their carbon footprint. The initiatives United Rentals is undertaking to achieve these goals are detailed...
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September 30, 2022, 07:10 AM
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Eqpme, the online heavy equipment rental marketplace, announced the beta launch of an equipment damage protection program in April 2022 that was offered as an option to rental customers and equipment owners using its platform. The insurance program...
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September 28, 2022, 07:20 AM
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H&E Equipment Services Inc. (H&E) announces the opening of its New Castle branch, the first in the state of Delaware.The branch is located at 9 Bellecor Drive. It includes a fully fenced yard area, offices and a separate repair shop. It is capable of...
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September 26, 2022, 07:05 AM
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Harkness Capital Partners (HCP), a private equity firm, completed an investment in Capital Pump & Equipment (CPE), a specialty pump rental and services platform based in Chandler, AZ.Founded by Tom Henderson and Dan Foley, CPE is a specialty rental...
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September 16, 2022, 07:00 AM
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Orange EV, a manufacturer of heavy-duty electric trucks, has expanded its yard truck rental program to offer the largest electric spotter rental fleet across the United States. These all-electric rentals are now available in 48 states, providing...
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August 29, 2022, 07:20 AM
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United Rentals, Inc. announced a new data-driven solution in its cloud-based Total Control fleet management platform that helps to provide information customers can use as part of their programs to monitor and manage their environmental impact. With...
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August 04, 2022, 07:00 AM
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Cooper Equipment Rentals Limited, a Canadian-owned and operated construction equipment rental company, announced the completed transaction to purchase 100 percent of the shares of Airdrie, Alberta-based One Stop Rentals/Sales Ltd. (One Stop)....
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August 02, 2022, 07:00 AM
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Pittco Management (Pittco) partnered with 1819 Partners, LLC, a private investment firm based in Memphis, TN, to establish Crockett Partners Fund I, LP (Crockett Partners). Crockett Partners was formed to own, rent, and resell construction and...
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July 25, 2022, 06:00 AM
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Mercedes-Benz Vans Canada announced a new agreement with Enterprise Holdings, the world’s largest vehicle rental business, marking a significant addition to its growing list of fleet partnerships.Mercedes-Benz Vans Canada has begun delivery of more...
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July 22, 2022, 07:19 AM
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GP Capital Partners, LP announced its recent investment in Opifex LLC, an independent provider of construction rental equipment and supplies to the industrial, infrastructure, sports and commercial building construction markets. The company qualifies...
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June 29, 2022, 07:16 AM
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SmartEquip, a Ritchie Bros. company, welcomed Europe’s largest equipment rental company, Loxam, to its global equipment service and parts procurement network. In addition to supporting Loxam locations across France, where the solution is scheduled to...
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June 10, 2022, 07:12 AM
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CenterGate Capital, an Austin, TX-based private equity investment firm, announced its affiliate has made an investment in RC Rasmussen Corporation, a specialized equipment solutions provider supporting critical marine infrastructure throughout North...
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June 07, 2022, 07:05 AM
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EquipmentShare, a fast-growing equipment rental and technology company, has added a second patriotically wrapped telehandler to its rental fleet to demonstrate its commitment to hiring and supporting veterans and service members. The Genie GTH-1056...
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May 31, 2022, 07:10 AM
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ABLE Equipment Rental, Inc. of NY (ABLE) a supplier of construction equipment rentals, sales, service and parts, announced an increase to its existing Asset Based Loan with M&T Bank as Lead Arranger and Administrative Agent.The $175 million facility...
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May 12, 2022, 07:10 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced a new agreement with Ford Pro to purchase all-electric vehicles for its North American rental and company fleets. The agreement initially includes orders for 500 F-150...
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May 12, 2022, 07:09 AM
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United Rentals, Inc. announced it has been selected by Newsweek as one of America’s Most Trusted Companies 2022. United Rentals was ranked first in its category. This award is presented by Newsweek and Statista Inc., a statistics portal and industry...
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March 28, 2022, 07:07 AM
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Sunbelt Rentals has announced the availability of a new mobile app. The Sunbelt Rentals Mobile App allows customers to manage all aspects of their rental experience and is available at the Apple App Store and Google Play.“We’re excited to offer this...
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March 14, 2022, 07:10 AM
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The latest updated quarterly American Rental Association (ARA) forecast for equipment rental revenue now calls for a 10.2 percent increase in 2022 to reach $52.7 billion in the United States, a slight increase from the previous forecast in October...
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February 24, 2022, 07:20 AM
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United Rentals, Inc. announced it has been selected to the Forbes list of America’s Best Employers 2022. The award recognizes United Rentals as an employer of choice that provides people a great place to work and grow.Forbes and Statista Inc., a...
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February 11, 2022, 07:05 AM
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CIT, a division of First Citizens Bank, announced its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc.D.P. Nicoli is a leading provider of trench shoring rental equipment to...
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February 03, 2022, 07:12 AM
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Clarus Capital announced it has completed a new $25 million lease facility for a rapidly growing, national equipment rental company.Clarus’ transaction team was led by its Head of Direct Originations, Matt Worman.“We are very pleased to bring this...
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January 27, 2022, 07:15 AM
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Herc Holdings Inc., a North American equipment rental supplier operating through Herc Rentals Inc., announced it has acquired substantially all the assets of Reliable Equipment, LLC, a New Hampshire-based equipment rental business with branch...
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November 02, 2021, 07:15 AM
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The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, remains positive for 2021 and beyond. The updated third quarter forecast released by the American Rental Association (ARA), shows equipment...
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October 20, 2021, 07:15 AM
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Sammons Industrial, a wholly owned subsidiary of Sammons Enterprises, Inc. and parent company of the Enterprises’ industrial investments and operating companies, announced the launch of Dallas, TX-based SitePro Rentals, a general equipment rental...
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October 07, 2021, 07:12 AM
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SmartEquip announced the commercial launch of its services in the Japan market, operated in partnership with Tokyo-based Diamond Construction Equipment Corp. The SmartEquip Network is now fully operational in Japan, with a growing number of Japanese...
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September 27, 2021, 07:03 AM
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Capital One announced it has served as administrative agent for a $1.2 billion senior secured asset-based revolving line of credit for EquipmentShare, a full-service equipment rental supplier for the construction industry. The revolver has a $800...
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September 02, 2021, 07:17 AM
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Herc Holdings, a leading North American equipment rental supplier operating as Herc Rentals, entered a purchase agreement to acquire substantially all the assets of Texas-based CBS Rentals (CBS). The transaction, which is subject to customary closing...
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August 18, 2021, 08:00 AM
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The outlook for equipment rental revenue, comprised of the construction/industrial and general tool segments, has improved over the last quarter. The updated second quarter forecast released by the American Rental Association (ARA) now calls for...
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August 18, 2021, 07:35 AM
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Texada Software, a wholly-owned subsidiary of Noble Iron announced that Cooper Equipment Rentals has launched a pilot of the Texada Pay application within five of its 50 branches. Texada Pay enables secure transaction payment processing and is...
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August 16, 2021, 06:08 AM
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Purchasing activity and financing approval rates in the foodservice equipment industry are rebounding at a rapid pace, evidence that restaurants are staging a strong comeback from the COVID-19 pandemic, according to data released this month by...
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July 29, 2021, 07:07 AM
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Equipment rental revenue, comprised of the construction/industrial and general tool segments, is expected to explode past its peak totals in 2022 according to the latest forecast released by the American Rental Association (ARA).The updated forecast...
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May 19, 2021, 07:20 AM
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The construction equipment rental market size is set to surpass $155 billion by 2026, according to a new research report by Global Market Insights, Inc. The U.S. construction equipment rental market size is anticipated to reach over more than $50...
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February 22, 2021, 07:00 AM
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For the first time since the coronavirus (COVID-19) pandemic adversely impacted the equipment and event rental industry last year, the latest the American Rental Association (ARA) forecast calls for more positive growth in 2021 and beyond.The...
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February 19, 2021, 07:18 AM
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Durante Rentals announced the grand opening of its new full-service rental facility in Carmel, NY. At 20,000 square feet, the new store is five times larger than their previous Carmel location and is its second location in Putnam County.The new...
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February 16, 2021, 07:00 AM
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Equipment Depot, America’s largest independently operated material handling and equipment rental dealer group, announced that Capital Equipment & Handling, Inc. (CEH) has joined the Equipment Depot organization. Over the coming months, CEH will...
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January 28, 2021, 07:00 AM
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The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 billion in the United States.However, the latest forecast released by the association calls...
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November 16, 2020, 07:22 AM
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Hunter Street Partners, a Minneapolis, MN-based alternative investment management firm, announced the launch of a scalable platform to invest in equipment rental companies. Hunter Street has acquired All-Star Equipment Rental of Naples, a single-site...
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September 25, 2020, 07:11 AM
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EquipmentWatch, the leader in data, software and insights for the heavy equipment industry, announced a new API integration relationship with EquipSnap, the new online equipment rental marketplace powered by artificial intelligence. EquipmentWatch...
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June 26, 2020, 07:25 AM
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ABLE Equipment Rental, Inc. of NY, a supplier of construction equipment rentals, sales, service and parts, announced the opening of its newest location in West Chester, PA. Expanding its presence in the Philadelphia market, ABLE is combining its...
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June 16, 2020, 07:05 AM
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BigRentz, the nation’s largest construction equipment rental network, announced it closed $15 million in private funding that will enable it to broaden its rental category expansion and maintain business continuity. The investment was used to acquire...
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April 13, 2020, 07:05 AM
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Equipment and event rental companies are expected to generate $58.1 billion in revenue in the United States in 2020, up 3.8 percent compared to 2019, according to the latest updated forecast released today by the American Rental Association...
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February 12, 2020, 07:20 AM
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The equipment and event rental industry in North America is expected to finish the year with total revenue up 5.35 percent to $61.56 billion, the first time combined rental revenue for Canada and the United States has surpassed $60 billion, according...
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November 12, 2019, 07:20 AM
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Durante Rentals announced the appointment of Liam J. Harrington as its Chief Operating Officer. Harrington joins Durante Rentals with over eight years of experience in the equipment rental industry, previously working for two multi-billion-dollar...
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October 03, 2019, 07:10 AM
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BigRentz announced it is continuing to grow its footprint and now has a total of 2,500 rental partners serving more than 8,500 locations nationwide. The increase in rental suppliers range from dumpsters to cranes and everything in between. “Our...
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September 26, 2019, 07:07 AM
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Fluor Corporation announced the results of its strategic review and operational review. As a result of the strategic review, the Texas company is initiating plans to sell its construction equipment rental company, AMECO, as well as its government...
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September 25, 2019, 07:16 AM
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The new five-year forecast from the American Rental Association (ARA) updated in August calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in...
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August 26, 2019, 07:20 AM
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KWIPPED Inc., the Wilmington, NC-based equipment rental marketplace, announced the launch of a new equipment protection program that will be offered to its equipment rental customers. The program will be underwritten by Great American Insurance Group...
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August 02, 2019, 07:15 AM
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The new five-year forecast from the American Rental Association (ARA), updated on May 2, calls for equipment and event rental revenues in North America to surpass $61.3 billion in 2019, including $55.8 billion in the United States and $5.3 billion in...
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May 07, 2019, 07:05 AM
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Encina Equipment Finance announced that it has provided a $6 million secured loan to an equipment rental company. The facility is being used to fund the purchase of new and used equipment.Launched in June 2017, Encina Equipment Finance provides loans...
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February 26, 2019, 07:15 AM
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The latest five-year forecast from the American Rental Association (ARA) calls for equipment and event rental revenues in North America to surpass $61.5 billion in 2019, including $55.8 billion in the United States and $5.7 billion in Canada, up 5.3...
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February 21, 2019, 07:10 AM
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Cooper Equipment Rentals Limited, the leading full-service construction equipment rental company in Canada, announced it has acquired Star Rentals Ltd. Star Rentals is the largest independent equipment rental company in the Lower Mainland of...
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January 22, 2019, 07:24 AM
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The American Rental Association (ARA) five-year forecast updated in late October now forecasts equipment and event rental revenues in North America to exceed $71.7 billion in 2022, including $65.4 billion in the United States and $6.3 billion in...
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November 20, 2018, 07:17 AM
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Cross Country Infrastructure Services, Inc., an equipment and supplies provider to the construction industry, announced it has acquired Rain2Day, Inc. With the addition of Rain2Day, Cross Country has grown their reach in the Western United States...
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September 04, 2018, 07:00 AM
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The American Rental Association (ARA), for the second quarter in a row, is projecting larger increases in revenue almost across the board for the equipment and event rental industry than it did in the previous five-year forecast released in May.The...
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August 27, 2018, 07:15 AM
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Tiger Rental Group, LLC has refinanced its $160 million credit facilities, consisting of a $100 million senior first lien term loan with Orion Energy Partners, L.P. and a $60 million working capital revolving credit facility with JPMorgan Chase Bank...
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August 13, 2018, 07:10 AM
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In its latest five-year forecast, the American Rental Association (ARA) projects U.S. equipment and event rental industry revenue to grow consistently on an annual basis, resulting in total revenue of $64.1 billion in 2022. While the quarterly...
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May 22, 2018, 07:05 AM
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Construction Equipment Rental Market is expected to cross $140 billion by 2024, according to a new research report by Global Market Insights, Inc. Increasing residential and commercial construction projects globally are anticipated to drive the...
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April 27, 2018, 07:10 AM
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BigRentz, the nation’s largest equipment rental network, marked a significant increase in customer demand for automated, touchless rentals with 30 percent of all bookings completed entirely online.The company attributes this change to pent-up demand...
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March 19, 2018, 07:00 AM
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United Rentals, Inc. announced its Board of Directors has appointed Matthew Flannery as president of the company, in addition to his responsibilities as chief operating officer. Michael Kneeland, who became president and chief executive officer of...
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March 09, 2018, 07:20 AM
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In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to continue to grow consistently in the United States over the next five years, resulting in total revenue of $59.6 billion in 2021....
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February 21, 2018, 07:05 AM
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CIT Group announced that CIT Northbridge Credit served as sole lead arranger on a $25 million revolving line of credit facility provided to Midwest High Reach, one of the premier independent equipment rental companies in the Chicago area. Midwest...
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February 16, 2018, 07:10 AM
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H&E Equipment Services announced its entry into a definitive agreement to acquire Contractors Equipment Center (CEC), a non-residential construction focused equipment rental company located in the greater Denver, Colorado, area. Under the terms of...
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November 27, 2017, 07:34 AM
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In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to grow consistently with a compound annual growth rate (CAGR) between 2017 and 2021 of 4.7 percent in the United States, resulting in...
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November 14, 2017, 07:18 AM
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BigRentz announced the appointment of Eric Esquivel as director of operations. Esquivel comes to BigRentz with more than 25 years of experience managing customer service organizations, most recently serving as senior manager of HQ Customer Service...
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October 13, 2017, 07:09 AM
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United Rentals and Neff Corporation, operating as Neff Rental announced that they have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1...
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August 17, 2017, 07:11 AM
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The latest quarterly update to the five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains through 2021. Overall, ARA’s five-year projection in late July is...
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August 03, 2017, 07:13 AM
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CRS Contractors Rental Supply Limited Partnership (“CRS”) has entered into a unit purchase agreement to sell CRS to Sunbelt Rentals (“Sunbelt”), the North American business of Ashtead Group plc, for C$275 million plus a potential earn-out. CRS is...
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July 20, 2017, 07:02 AM
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Modern Equipment & Supply announced the establishment of a rental fleet of Hyundai Wheel Loaders and Excavators to serve its customers throughout Eastern Pennsylvania and New Jersey. As a full line Hyundai dealer Modern will be able to provide...
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June 09, 2017, 07:02 AM
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Maxim Crane Works, L.P. and Essex Rental Corp. jointly announced the successful completion of the acquisition by Maxim of Coast Crane Company (“Coast”), an indirect subsidiary of Essex. Founded in 1970 and based in Seattle, Washington, Coast is one...
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June 09, 2017, 07:00 AM
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The company provides crew services and leases equipment to the oil and gas industry. The funds were used to pay off existing debt and provide working capital for future growth."Texan Rentals was looking for a flexible working capital provider that...
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June 08, 2017, 07:00 AM
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Cooper Equipment Rentals Limited ("Cooper"), a leading Canadian equipment rental company, announced that it closed an expanded CAD$150,000,000 asset-based senior secured credit facility (the "Facility"). Wells Fargo Capital Finance Corporation Canada...
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May 24, 2017, 07:00 AM
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EquipmentShare, a leading provider of construction technology solutions for contractors and OEMs, announced the opening of its Houston and San Antonio marketplace locations. Contractors in these cities are now be able to rent equipment from other...
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May 22, 2017, 07:19 AM
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The new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains and expectations for growth are greater than in the February forecast.ARA now projects U.S....
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May 10, 2017, 07:18 AM
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Noble Iron announced that its wholly-owned subsidiary, Noble Rents, Inc. ("NRI"), has entered into an asset purchase agreement (the "Agreement") to sell the assets of its Los Angeles, California based equipment rental operations (the "Business") to...
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May 03, 2017, 07:00 AM
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BigRentz co-founder, Dallas Imbimbo, announced that President and COO Scott Cannon has been appointed as CEO of the company. Imbimbo, who has served as CEO for the past five years, will continue to drive strategic initiatives from a Board level and...
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April 07, 2017, 07:05 AM
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The American Rental Association’s (ARA) five-year forecast for equipment rental industry revenues was released by the ARA in January 2017. The forecast shows a moderate strengthening compared to the November forecast. ARA now projects U.S. equipment...
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March 07, 2017, 07:04 AM
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A new five-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) shows a moderate strengthening compared to the November forecast. ARA now projects U.S. equipment rental revenue will reach $48.9...
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February 02, 2017, 07:46 AM
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United Rentals, Inc. and NES Rentals Holdings II, Inc. (“NES”) announced that they have entered into a definitive agreement under which United Rentals will acquire NES for approximately $965 million in cash. The board of directors of United Rentals...
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January 26, 2017, 07:13 AM
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The latest five-year forecast for the equipment rental industry released by the American Rental Association (ARA) remains positive, even as several economic factors point toward more modest increases over the next five years. ARA now projects...
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November 08, 2016, 07:15 AM
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BigRentz, the world's largest equipment rental network, introduced QuickRentz™, a new equipment rental claiming service that provides equipment suppliers the opportunity to immediately claim rentals booked through BigRentz. QuickRentz delivers rental...
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September 14, 2016, 07:22 AM
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BigRentz, the world's largest equipment rental network, announced the launch of its online customer portal that will make it easier for BigRentz customers to view and manage all of their equipment rentals from any device, anytime. The...
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September 02, 2016, 07:15 AM
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The May 2016 Rouse Value Index for used equipment prices decreased to 42.7, down 1.2% from April values. The decrease is the thirteenth consecutive month of declines. The May value is down 8.9% from the mid-2015 peak of 46.9, and is below the April...
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July 05, 2016, 07:08 AM
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The April Rouse Value Index™ for used equipment prices decreased to 43.2, down 0.4% from March values. The decrease is the twelfth consecutive month of declines. The April value is down 7.9% from the mid-2015 peak of 46.9, and is now below the April...
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June 02, 2016, 06:10 AM
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The American Rental Association (ARA), which offers quarterly updates to its five-year forecast for equipment rental industry revenue to reflect more current economic factors, has released its second quarter outlook, which calls for continued revenue...
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May 05, 2016, 07:17 AM
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The March Rouse Value Index™ for used equipment prices decreased to 43.4, down 0.5% from February values. The decrease is now the eleventh consecutive month of declines, primarily driven by weaker recoveries observed in auction transactions. While...
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May 02, 2016, 07:03 AM
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The February Rouse Value Index™ for used equipment prices decreased to 43.6, down 0.7% from January values. The decrease is now the tenth consecutive month of declines, primarily driven by weaker recoveries observed in auction transactions. While...
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April 01, 2016, 07:00 AM
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Herbert L. Henkel, retired chairman and chief executive officer for Ingersoll Rand, has been selected to serve as non-executive chairman for the equipment rental business of Hertz Global Holdings, Inc., as part of preparations for the planned...
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March 28, 2016, 07:15 AM
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The January Rouse Value Index™ for used equipment prices decreased to 43.9, down 0.7% from December values. The decrease is now the ninth consecutive month of declines primarily driven by weaker recoveries observed in auction transactions. While...
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March 03, 2016, 07:19 AM
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Cognizant announced it has been selected by Hertz Equipment Rental Corporation (HERC) to digitally transform its business by defining and executing a new Internet of Things (IoT) strategy. HERC is working with Cognizant to generate higher value from...
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February 24, 2016, 06:52 AM
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The December Rouse Value Index™ for used equipment prices decreased to 44.2, down 0.8% from November values. The decrease is now the eighth consecutive month of declines primarily driven by weaker recoveries observed in auction transactions. While...
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February 01, 2016, 07:05 AM
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The global construction equipment rental market report analyst said rapid growth of the construction industry is a significant factor that spurs the prospects for growth in this market during the forecast period 2015 - 2019. The recent increase in...
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January 08, 2016, 07:05 AM
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The November Rouse Value Index for used equipment prices decreased to 44.5, down 1.2% from October values. This follows six consecutive months of declines primarily driven by weaker recoveries observed in auction transactions. While there has been...
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January 04, 2016, 07:15 AM
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Hertz Global Holdings filed its initial SEC Form 10 registration statement detailing the planned separation of its equipment rental business as a stand-alone, publicly traded company. No record date has been set, though the company has said it...
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December 23, 2015, 07:16 AM
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Marquette Business Credit is pleased to announce it recently funded a $5,000,000 rental fleet financing facility and revolving line of credit to Midwest High Reach, Inc. Midwest High Reach is a full service construction and industrial equipment...
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December 14, 2015, 07:04 AM
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The October Rouse Value Index™ for used equipment prices decreased to 45.0, down 0.6% from September values. This follows five consecutive months of declines primarily driven by weaker recoveries observed in auction transactions. While there has been...
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December 01, 2015, 07:07 AM
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BigRentz announced the appointment of Robert Gray as Vice President of BigRentz PRO, a new division developed to provide equipment rentals to BigRentz's network of over thirteen hundred equipment suppliers. The PRO division brings the company...
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November 20, 2015, 07:19 AM
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The American Rental Association (ARA) latest forecast calls for equipment rental industry revenue growth in the United States of 6.7 percent in 2016 and 2017, 6.2 percent in 2018 and 5.8 percent in 2019 to reach $48.7 billion. The growth pace is...
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November 17, 2015, 07:10 AM
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BigRentz, the world's largest online equipment rental network, announced their partnership and technology integration with Solar Technology, Inc. (SolarTech) a leading manufacturer of telematics fleet management services. This partnership provides...
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November 10, 2015, 07:07 AM
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The September Rouse Value Index™ for used equipment prices remained at 45.3, flat when compared to August values. This follows four consecutive months of declines primarily driven by weaker recoveries observed in auction transactions. While there has...
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November 02, 2015, 07:04 AM
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Wintrust Commercial Finance (WCF) recently funded $16 million in tax and capital leases to the equipment rental industry. Proceeds from the transactions were used to acquire new excavators, wheel loaders, dozers, boom lifts and scissor lifts for...
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October 27, 2015, 07:08 AM
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The August Rouse Value Index™ for used equipment prices decreased to 45.3, down 0.8% from July values, primarily driven by weaker recoveries observed in auction transactions for the five months ending August 2015. While there has been some softness...
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October 02, 2015, 07:00 AM
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BigRentz announced their partnership with Kabbage, to provide working capital within minutes through a simple online application. The partnership will now offer instant financing on equipment rentals to the million-plus visitors who visit the...
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September 02, 2015, 07:11 AM
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The July Rouse Value Index for used equipment prices decreased to 45.7, down 1.5% from June values, primarily driven by weaker recoveries observed in auction transactions for the three months ending July 2015.While there has been some softness into...
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September 02, 2015, 07:02 AM
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Rental Pulse reported the equipment rental industry revenue forecast for the next five years continues to paint a very positive picture for the future in the United States, with growth rates exceeding 7 percent through at least 2018, according to the...
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August 10, 2015, 07:06 AM
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Pine Brook, an investment firm focused on building businesses in the energy and financial services sectors, announced a $100 million line of equity investment in Cahill Services, LLC ("Cahill" or "the Company"). Headquartered in Houston, Texas...
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July 31, 2015, 07:15 AM
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A newly improved Advertised Rental Rate Product was released today by Penton's EquipmentWatch, the leading provider of data and insights products for the construction, lift truck and ag equipment industries."Through our Rental Partnership Program...
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July 23, 2015, 07:00 AM
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The May Rouse Value Index™ for used equipment prices decreased to 46.7, down 0.4% from April values, primarily driven by weaker recoveries observed in auction transactions during the months of April and May. While there has been some softness in the...
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July 01, 2015, 07:02 AM
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The April Rouse Value Index™ for used equipment prices increased to 46.9, up 0.6% from March values. This is 8.3% higher than the prior peak period of 43.3 in April 2007, and 58.0% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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June 01, 2015, 07:00 AM
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The equipment rental industry stands poised to set an industry record for revenues in 2015 according to the latest updated industry forecast from the American Rental Association (ARA), despite reduced demand for equipment in oil patch drilling sites....
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May 12, 2015, 07:15 AM
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The March Rouse Value Index™ for used equipment prices increased to 46.6, up 0.4% from February values. This is 7.7% higher than the prior peak period of 43.3 in April 2007, and 57.1% higher than prior trough period of 29.7 in June 2009. The Rouse...
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May 01, 2015, 06:41 AM
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Hertz Equipment Rental Corporation, a subsidiary of The Hertz Corporation, has launched "Equipment Assurance," its equipment extended service plan program, in the U.S. in partnership with Warrantech, a subsidiary of AmTrust Financial Services, Inc....
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April 09, 2015, 07:08 AM
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United Rentals, Inc. and certain of their subsidiaries announced they entered into a Second Amended and Restated Credit Agreement which provides for a senior secured asset-based loan facility of $2,500 million, a portion of which is available for...
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April 02, 2015, 06:44 AM
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The January Rouse Value Index™ for used equipment prices decreased to 46.2, down 0.9% from December values. This is 6.7% higher than the prior peak period of 43.3 in April 2007, and 55.6% higher than prior trough period of 29.7 in June 2009. The...
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March 02, 2015, 07:05 AM
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Rouse Analytics added five new rental company participants to its Rental Metrics Benchmark Service this month, and now provides rate and utilization benchmarking services to 52 equipment rental companies across the U.S. Rouse Analytics, in...
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February 17, 2015, 07:02 AM
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BlueLine Rental, a full-service equipment rental company, today announced the signing of a definitive agreement to acquire Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania...
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February 04, 2015, 06:00 AM
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The December Rouse Value Index™ for used equipment prices decreased to 46.6, down 0.6% from November values. This is 7.6% higher than the prior peak period of 43.3 in April 2007, and 57.0% higher than prior trough period of 29.7 in June 2009. The...
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February 03, 2015, 07:05 AM
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A strengthened economy, growth in employment and lower gas prices at the pump, generating increased disposable income, all spell favorable news for consumers as well as the equipment rental industry in the United States. Overall, the American Rental...
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January 20, 2015, 07:04 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.6 million senior credit facility to RE Investment Company LLC, a wholly owned subsidiary of Miami, Florida, based Rental Equipment Investment Corp....
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January 12, 2015, 06:42 AM
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The November Rouse Value Index™ for used equipment prices increased to 46.9, up 0.8% from October values. This is 8.3% higher than the prior peak period of 43.3 in April 2007, and 57.9% higher than prior trough period of 29.7 in June 2009. The Rouse...
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January 05, 2015, 07:00 AM
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The October Rouse Value Index for used equipment prices increased to 46.5, up 0.8% from September values. This is 7.4% higher than the prior peak period of 43.3 in April 2007, and 56.7% higher than prior trough period of 29.7 in June 2009. The Rouse...
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December 02, 2014, 07:00 AM
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CIT Group announced that it served as Joint Lead Arranger in a $225 million senior secured credit facility for Clearlake Capital Group (Clearlake Capital), a private investment firm, to acquire AmQuip Crane Rental (AmQuip), one of the largest lifting...
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November 18, 2014, 07:05 AM
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The September Rouse Value Index for used equipment prices increased to 46.1, up 1.1% from August values. This is 6.5% higher than the prior peak period of 43.3 in April 2007, and 55.4% higher than prior trough period of 29.7 in June 2009. The Rouse...
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November 03, 2014, 07:06 AM
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The August Rouse Value Index™ for used equipment prices decreased to 45.6, down 0.1% from July values. This is 5.4% higher than the prior peak period of 43.3 in April 2007, and 53.7% higher than prior trough period of 29.7 in June 2009. The Rouse...
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October 02, 2014, 06:40 AM
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United Rentals, Inc., the world’s largest equipment rental company, announced that it has been added as a component of the S&P 500 Index, effective after the close of trading today. The S&P 500 is widely recognized as the foremost gauge of large-cap...
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September 22, 2014, 06:00 AM
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The July Rouse Value Index™ for used equipment prices decreased to 45.7, down 0.2% from June values. This is 5.5% higher than the prior peak period of 43.3 in April 2007, and 53.9% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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September 02, 2014, 06:25 AM
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International Rental News reported demand and rental duration for cranes is increasing across the USA, according to the second quarter results from Essex Rental Corp. According to the report, Essex Rental Corp. demonstrated a 29.1 % increase in...
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August 18, 2014, 07:04 AM
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The equipment rental industry in the United States is expected to generate $35.8 billion in revenue and outpace gross domestic product (GDP) by more than four times in 2014, according to the American Rental Association’s (ARA) latest forecast from...
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August 11, 2014, 06:47 AM
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According to the July American Rental Association Economic Survey, more than 84 percent of those responding expect rental revenue to increase in 2014 over 2013, with 49 percent of respondents anticipating double-digit growth. Overall, more than 92...
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August 04, 2014, 06:08 AM
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The June Rouse Value Index for used equipment prices increased to 45.8, up 0.1% from May values. This is 5.7% higher than the prior peak period of 43.3 in April 2007, and 54.3% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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August 01, 2014, 07:03 AM
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The April Rouse Value Index™ for used equipment prices increased to 45.5, up 0.8% from March values. This is 5.1% higher than the prior peak period of 43.3 in April 2007, and 53.2% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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June 02, 2014, 06:50 AM
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A slowdown in inventory accumulation and adverse weather limited first-quarter real gross domestic product (GDP) growth in the United States this year, but total equipment rental revenue growth in North America continued to more than triple the...
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May 05, 2014, 06:59 AM
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The March Rouse Value Index for used equipment prices increased to 45.1, up 0.6% from February values. This is 4.2% higher than the prior peak period of 43.3 in April 2007, and 52.1% higher than prior trough period of 29.7 in June 2009. The Rouse...
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May 02, 2014, 05:00 AM
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The February Rouse Value Index for used equipment prices increased to 44.8, up 1.6% from January values. This is 2.8% higher than the prior peak period of 43.3 in April 2007, and 50.8% higher than prior trough period of 29.7 in June 2009. The Rouse...
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April 03, 2014, 06:35 AM
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Bloomberg reported Hertz Global Holdings said it will spin off its equipment-leasing division to focus on renting cars.According to the Bloomberg report, Hertz will separate into two publicly traded companies, with Hertz comprising car rentals and...
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March 18, 2014, 07:00 AM
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The January Rouse Value Index™ for used equipment prices did not change from December values. This remains 1.1% higher than the prior peak of 43.6 in April 2007, and 48.5% higher than prior trough of 29.7 in June 2009. The Rouse Value Index™ measures...
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March 04, 2014, 06:33 AM
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Volvo Rents announced the rollout of a new name and corporate identity, BlueLine Rental.The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm...
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February 11, 2014, 07:00 AM
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GE Capital, Equipment Finance announced that it is expanding its financing program for dealers to purchase construction equipment for use in their rental fleets. About half of U.S. dealers offer rentals in addition to sales — a figure that’s expected...
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January 28, 2014, 07:00 AM
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November OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.4% from October values. For the six months ending November 30th, 2013, average index values are up 1.2%. Eight out of fourteen...
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January 02, 2014, 07:10 AM
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October OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.1% from September values. For the six months ending October 31st, 2013, average index values are up 1.6%. Seven out of fourteen...
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December 02, 2013, 06:59 AM
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American Rental Association (ARA) equipment rental store owners and managers as well as product suppliers to the industry continue to show optimism for growth as 2013 draws to a close.In the October ARA Economic Survey, 79 percent of those responding...
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November 11, 2013, 06:39 AM
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Rental Pulse reported total equipment rental revenue in North America for 2013 is expected to reach $38 billion, according to the latest figures released by the American Rental Association (ARA) from its ARA Rental Market Monitor™ service updated in...
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November 05, 2013, 06:59 AM
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September OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.6% from August values. For the six months ending September 30th, 2013, average index values are up 2.0%. Nine out of...
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November 01, 2013, 06:31 AM
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August OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from July values. For the six months ending August 31st, 2013, average index values are up 1.6%. Six out of fourteen category...
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October 02, 2013, 06:56 AM
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July auction sales of rental & construction equipment tracked by Rouse averaged 2.4% higher than Rouse June FLV values. Rouse recorded 1,464 units that sold at 33 separate auction sales conducted across North America. The units represented a combined...
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August 30, 2013, 07:00 AM
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Rental Pulse reported that acccording to the American Rental Association (ARA), equipment rental store owners and managers as well as product suppliers to the industry continue to have an optimistic outlook for growth in 2013.According ot the report...
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August 12, 2013, 07:03 AM
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Rental Management Magazine reported the U.S. equipment rental market will outpace gross domestic product (GDP) in the U.S. by four times in 2013, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor....
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August 05, 2013, 07:00 AM
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According to the July 2013 Rouse Rental Report, the June OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.1% from May values. For the six months ending June 30th, 2013, average index...
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August 01, 2013, 06:50 AM
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May OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.8% from April values. For the six months ending May 31st, 2013, average index values are up 1.3%. Eight out of fourteen category...
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July 01, 2013, 06:58 AM
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April OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from March values. For the six months ending April 30th, 2013, average index values are up 1.0%. Six out of fourteen category...
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June 07, 2013, 06:45 AM
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Rental Pulse reported the equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the American Rental Association's (ARA) latest forecast from the ARA Rental Market Monitor updated in May....
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May 20, 2013, 07:08 AM
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March OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from February values. For the six months ending March 31st, 2013, average index values are up 0.9%. Eight out of fourteen...
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May 02, 2013, 07:00 AM
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February OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from January values. For the six months ending February 28th, 2013, average index values increased 0.4%. Eight out of...
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April 01, 2013, 07:05 AM
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Essex Crane Rental Corp., one of North America's largest providers of rental and distribution for mobile cranes, self-erecting cranes, stationary tower cranes, elevators and hoists, and other lifting equipment provided an outlook for the crane rental...
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March 25, 2013, 06:31 AM
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January OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.2% from December values. For the six months ending January 31st, 2013, average index values decreased 0.4%. Four out of...
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March 01, 2013, 07:15 AM
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December OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.4% from November values. For the six months ending December 31st, 2012, average index values decreased 1.1%. Three out of...
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February 04, 2013, 07:15 AM
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United Rentals announced financial results for the fourth quarter and full year 2012. For the full year 2012, total revenue was $4.117 billion and rental revenue was $3.455 billion. On a GAAP basis, full year net income was $75 million. For the full...
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January 24, 2013, 07:15 AM
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NESCO, LLC (“NESCO”) announced that it has acquired Utility Equipment Leasing Corporation (“UELC”) from Utility Equipment Holding Company (“UEHC”), pursuant to a stock purchase agreement.NESCO, acquired by Platinum Equity in October 2011, is a...
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December 24, 2012, 07:30 AM
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According to the December Rouse Rental Report, November OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from October values. For the six months ending November 30th, 2012, average...
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December 24, 2012, 07:18 AM
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October OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from September values. For the six months ending October 31st, 2012, average index values decreased 1.4%. Six out of...
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December 03, 2012, 06:21 AM
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ENR.com reported that despite the fact that analysts are expecting U.S. construction to rise next year, many believe contractors will continue to turn to rental and leasing companies rather than buy large quantities of new equipment for their...
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November 26, 2012, 07:57 AM
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United Rentals announced that the company will host its first-ever nationwide Used Equipment Sale on Thursday, December 6, 2012. The sale will be staged at more than 120 participating branches in the United States, giving buyers the opportunity to...
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November 19, 2012, 07:30 AM
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An article published on Rental Pulse, indicates that revenue growth for the equipment rental industry in the United States will continue to outperform the general economy in 2013. According to the report, the latest American Rental Association (ARA)...
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November 12, 2012, 06:33 AM
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American Rental Association (ARA) equipment rental store owners and managers as well as product suppliers to the industry remain optimistic about growth in the remainder of 2012.More than 83 percent of those responding to ARA’s October 2012 economic...
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October 29, 2012, 06:12 AM
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According to the latest Rouse Rental Report, September OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.2% from August values. For the six months ending September 30th, 2012, average...
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October 26, 2012, 06:49 AM
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According to the September 2012 Rouse Rental Report, August OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.3% from July values. For the six months ending August 31st, 2012, average...
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October 02, 2012, 07:13 AM
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According to the August 2012 Rouse Rental Report, July OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 1.0% from June values. For the six months ending July 31st, 2012, average index...
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September 04, 2012, 07:46 AM
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The forecast for the equipment rental industry remains bright according to the latest data released by the American Rental Association (ARA), despite a slowdown in overall economic growth in the second quarter of 2012. ARA anticipates North American...
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August 14, 2012, 06:17 AM
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According to the July 2012 Rouse Rental Report, June OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.2% from May values. For the six months ending June 30th, 2012, average index...
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August 01, 2012, 07:00 AM
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According to the June 2012 Rouse Rental Report, for the month ending May 31, 2012, the Rouse Value Index of Orderly Liquidation Values (OLV) for used equipment across the fourteen major rental equipment categories did not change compared to April...
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July 02, 2012, 07:00 AM
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Reuters reported Ryder Systems Inc. cut its quarterly earnings forecast, citing lower demand for its commercial rental services. The report also states the company also plans to cut costs and reduce its commercial rental fleet as it expects the...
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June 25, 2012, 07:15 AM
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According to the May 2012 Rouse Rental Report, April Orderly Liquidation Values (OLV’s) for used equipment across the fourteen major rental equipment categories increased 1.7% over the March values. Additionally, the report states for the six months...
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May 29, 2012, 07:30 AM
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The outlook for the equipment rental industry shows increased optimism as first-quarter performance was better than expected, resulting in a more positive outlook for the full year, according to the latest data released by the American Rental...
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May 14, 2012, 07:30 AM
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According to the April 2012 Rouse Rental Report, March OLV index values for used equipment across the fourteen major rental category indices increased 1.1% over February values. The report indicates nine out of fourteen category indices recorded one...
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May 02, 2012, 07:00 AM
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The March 2012 issue of the Rouse Rental Report reveals that February OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 1.6% from January values. For the six months ending February 29...
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April 02, 2012, 08:00 AM
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Low freight activity and a down housing market decreased demand for truck rentals and leases during the recession, but the industry is set to pick up over the next five years according to IBISWorld’s report on the Truck Rental Industry. As the...
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March 19, 2012, 07:30 AM
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Neff Rental, one of the largest construction equipment rental companies in the US, announces the availability of “Trends in Owning vs. Renting Construction Equipment”, a white paper written by Andy Agoos. The informative white paper outlines an easy...
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March 15, 2012, 06:30 AM
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International Rental News reported a significant number of contractors and other end users around the world plan to increase their use of rental services in the coming five years according to International Rental News' first ever‘Attitudes to Rental'...
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March 12, 2012, 07:45 AM
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A report posted on the American Rental Association website, indicates the equipment rental industry outperformed the industries it serves in 2011 and the momentum is expected to carry into 2012 and beyond, according to the latest data released by the...
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February 08, 2012, 07:30 AM
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United Rentals, Inc. announced financial results for the fourth quarter and full year 2011. For the fourth quarter, total revenues were $746 million and rental revenue was $589 million, compared with $597 million and $497 million, respectively, for...
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January 26, 2012, 07:15 AM
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