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News Stories (17 Results) - Construction Equipment

With its July Market Trends Report, Ritchie Bros. digs into construction and aerial equipment sales through the first half of 2022. In the United States, Ritchie Bros. mix-adjusted price indexes (for April to June) show prices for used large and... Read Story
July 20, 2022, 07:12 AM

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... Read Story
June 29, 2022, 07:16 AM

Blackford Capital, a lower middle market private equity firm, announced the successful exit from its investment in Grand Equipment Company, (GEC) through a sale to Cognitive Capital Partners, LLC, a Chicago-based investment firm.Grand Equipment is a... Read Story
June 27, 2022, 07:00 AM

XCMG America Financial LLC (XCMG Captive) announced its national partnership with QuickFi to finance Xuzhou Construction Machinery Group Co., Ltd. (XCMG) equipment. XCMG is one of the world’s top construction machinery companies known for exceptional... Read Story
June 09, 2022, 07:23 AM

According to the latest Sandhills Global Market Reports, May marked the third consecutive month of inventory increases for used heavy-duty trucks and semi-trailers in Sandhills marketplaces. From April to May, heavy-duty truck inventory was up 17... Read Story
June 06, 2022, 07:05 AM

LiuGong North America announced a new private label program to become a one-stop shop for equipment and financing. The new LiuGong Finance program will serve customers and dealers with a multitude of benefits.“As we continue to help support, grow and... Read Story
April 26, 2022, 07:20 AM

Accelerating its commitment to offer financing for the construction industry, Mitsubishi HC Capital Canada has named Benoit Lefebvre as Senior National Director for Construction. In his new position, Lefebvre will lead the company’s team and efforts... Read Story
April 05, 2022, 07:15 AM

The newest Sandhills Global Market Report spotlights flattening inventory levels in Sandhills marketplaces, particularly in the heavy-duty truck and farm equipment markets. Heavy-duty truck inventories, for example, have been flat for four... Read Story
March 14, 2022, 07:15 AM

Ritchie Bros.' November Market Trends Report continues to show positive pricing trends across all its equipment indexes, with medium earthmoving equipment prices up 36 percent in the United States, while truck tractors and vocational trucks are up 45... Read Story
November 17, 2021, 07:05 AM

Fluor Corporation announced the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million.One Equity Partners, a middle-market private equity firm, announced it agreed to acquire the North... Read Story
May 13, 2021, 07:15 AM

ENGS Commercial Finance Co., a Mitsubishi UFJ Lease and Finance company, announced Chris Johnson, CLFP, has joined the company as Director of Sales for its Construction Division. In this role, Johnson will be responsible for providing growth strategy... Read Story
January 26, 2021, 07:22 AM

Ritchie Bros. held the pipeline construction event of the year in Columbus, OH, selling more than 5,000 items for more than $93 million over two days. The big highlight of the event: 138 pipelayers sold for $45 million in just two hours.The auction... Read Story
July 02, 2019, 07:12 AM

Ritchie Bros. announced it has received bankruptcy court approval to purchase the assets of Welded Construction, L.P. together with Gordon Brothers, the global advisory, restructuring and investment firm. The two companies will work together to sell... Read Story
April 29, 2019, 07:10 AM

PowerChina Trade Solution Group Ltd., one of the world's largest construction companies, has selected Ritchie Bros. as a key partner for its surplus equipment disposition. In early September, the two companies signed a multi-year agreement that will... Read Story
September 19, 2018, 07:25 AM

Associated Equipment Distributors (AED) and eight other major construction industry organizations sent separate letters to U.S. Senate leadership and the Trump administration opposing the recently implemented tariffs on steel and aluminum imported... Read Story
June 18, 2018, 08:00 AM

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... Read Story
April 27, 2018, 07:10 AM

EquipmentWatch has announced its 2nd annual list of Highest Retained Value Award winners – the industry’s only award based on residual values of heavy equipment. Top honors in each category were given to the model/series projected to retain the... Read Story
February 22, 2017, 07:10 AM