Great Rock Capital closed a $33.5 million senior secured revolving credit facility for an industry-leading blasting and abrasives company.The credit facility, which also includes an additional $5 million accordion, will refinance existing debt and...
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December 04, 2024, 06:30 AM
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CapitalPlus Financial Services successfully assisted a concrete and rebar contractor based in Alabama with a $460,000 facility to support their working capital needs. This strategic funding has enabled the contractor, who is actively engaged in...
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September 03, 2024, 05:00 AM
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TRNSACT announced a collaboration with Hyundai Construction Equipment Americas to launch a state-of-the-art Hyundai Dealer Finance Portal. This customized software, powered by TRNSACT, is designed to transform and simplify the finance operations for...
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August 26, 2024, 07:11 AM
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Garrington Capital, a leading provider of capital solutions to middle-market companies in the United States and Canada, closed a $21 million senior credit facility to a best in class provider of integrated services and specialty fabrication solutions...
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October 12, 2023, 07:04 AM
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Mitsubishi HC Capital America is experiencing significant growth in rental financing for dealer-owner and dedicated rental fleets, with year-over-year increases of 150 percent to 550 percent among some of its clients.Availability of new equipment...
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June 28, 2023, 07:10 AM
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Sentry Financial, based in Salt Lake City, UT and Verdant Commercial Capital, based in Cincinnati, OH recently closed a $24 million equipment lease of construction equipment, including aerial work platforms and material handling equipment, to an...
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May 09, 2023, 07:15 AM
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CASE Construction Equipment excavators have long been among the swiftest, smoothest and smartest excavators in the industry. Now, through an innovative lease program called The CASE Power Lease from the manufacturer and CNH Industrial Capital...
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May 05, 2023, 07:15 AM
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Wells Fargo released its 2023 Construction Industry Forecast, a survey designed to gather insights on sentiment and current business conditions in the construction industry. This year’s survey indicates a level of cautious optimism prevailing among...
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February 17, 2023, 07:22 AM
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The familiar brand of orange construction equipment known as Doosan will now be called DEVELON throughout the world. Under the new brand name, the company will continue providing innovative products and solutions that exceed expectations, further...
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February 03, 2023, 07:25 AM
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Beam Global, a leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced a partnership with Volvo Construction Equipment (Volvo CE) that...
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July 27, 2022, 07:14 AM
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CIT, a division of First Citizens Bank, announced the Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm.The 10 items of heavy...
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January 21, 2022, 07:15 AM
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DCR Technologies and Construction Equipment Guide (CEG) announced they have entered a strategic partnership, combining DCR's origination technology with CEG's classified equipment listings for nearly 1,700 dealers nationwide.With technology playing...
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October 25, 2021, 07:02 AM
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Horizon Technology Finance along with lending partner Trinity Capital announced that they provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology company focused on creating environmentally-friendly...
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September 14, 2021, 07:06 AM
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Wells Fargo released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November 2020, the bank queried...
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March 17, 2021, 07:10 AM
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Aerial working platforms have been playing an invaluable role in infrastructural development in emerging economies, particularly the construction of high rises, which has gained traction in recent years, according to Global Market Insights. According...
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September 25, 2020, 07:00 AM
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NFS Leasing, Inc. and Valor Underground recently completed a third equipment finance agreement in as many months. Valor Underground is an underground construction startup founded three months prior to its first agreement with NFS Leasing. After...
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August 12, 2020, 07:13 AM
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EquipmentWatch, the leader in heavy construction equipment research, data and intelligence, released a new report titled "Future-Proofing the Construction Business: Equipment Trends, Insights, and Guidance,” which examines the key trends, challenges...
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July 16, 2020, 07:17 AM
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Nexseer Capital announced it had completed a $36.2 million equipment and project funding for a $3 billion revenue food products manufacturer. The financing included the construction and installation of a frozen food storage facility; furniture...
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June 20, 2019, 07:25 AM
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Rising disposable income, increasing government investments in infrastructure projects, and growing demand for residential construction are all driving hefty growth in the construction equipment manufacturing markets. In a new report, Construction...
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January 04, 2018, 07:00 AM
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Construction contractors and equipment distributors have continued optimism about local, nonresidential construction activity in 2015 and expect a strong rental market and increasing equipment acquisitions, according to a survey from Wells Fargo...
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February 26, 2015, 07:14 AM
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Activity in the construction industry continues its multi-year improvement trend with a notable change in 2014 compared to 2013, according to the latest Construction Executive Survey from Wells Fargo Equipment Finance. A much larger percentage...
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October 02, 2014, 06:55 AM
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Industry executives expect higher levels of non-residential construction, equipment purchases and rentals in 2014 Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2014...
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February 26, 2014, 07:05 AM
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The Third Quarter 2013 Construction Executive Survey from Wells Fargo Equipment Finance confirms that the construction industry continues on an upward path. According to the survey, 57.7% of the executives surveyed said activity was “somewhat higher”...
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October 07, 2013, 07:00 AM
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According to the GE Capital 2Q 2013 Construction Industry Research Monitor, the housing recovery strengthened in 2012 and is expected to experience additional but more gradual growth in 2013, supported by low mortgage rates. The report notes...
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July 09, 2013, 07:02 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during August 2012 was estimated at a seasonally adjusted annual rate of $837.1 billion, 0.6 percent (±2.1%)* below the revised July estimate of $842.0 billion....
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October 02, 2012, 07:06 AM
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Ritchie Bros. Auctioneers sold more than $40 million of equipment items and trucks at an unreserved public auction in Fort Worth, Texas on September 25 - 26, 2012. More than 3,400 equipment items and trucks were sold in the auction—with each and...
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September 27, 2012, 07:00 AM
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The Q3 survey of construction executives conducted by Wells Fargo Equipment Finance reveals a sentiment that construction activity has been rising compared to a year ago. However, about 61% said they felt that the downturn in the construction...
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September 26, 2012, 07:45 AM
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Associated Builders and Contractors (ABC) released its newest construction economic measure, the Construction Confidence Index (CCI). The CCI reflects three aspects of the U.S. nonresidential construction industry – sales prospects, staffing levels...
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August 23, 2012, 07:00 AM
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Associated Builders and Contractors (ABC) today reports its Construction Backlog Indicator (CBI) rose 4.3 percent in the second quarter of 2012 after declining the two previous quarters. Despite the quarterly expansion, CBI is 0.3 months, or 4.2...
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August 16, 2012, 07:32 AM
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The U.S. Census Bureau of the Department of Commerce announced that construction spending during April 2012 was estimated at a seasonally adjusted annual rate of $820.7 billion, 0.3 percent (±1.3%) above the revised March estimate of $818.1 billion....
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June 04, 2012, 07:30 AM
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According to Wells Fargo Equipment Finance’s Construction Quarterly for Q2 2012, overall construction spending achieved a 7% gain compared to a year ago in spite of decreases in public infrastructure spending. Unseasonably warm weather and low...
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May 30, 2012, 08:00 AM
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Construction Equipment reported Ritchie Bros. sold more than 200 cranes in five weeks at its first unreserved public auctions of 2012 in North America, Europe and the Middle East. According to the report, each crane was sold to the highest bidder...
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March 22, 2012, 08:00 AM
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Construction contractors and equipment distributors are optimistic local non-residential activity will improve in 2012, according to a recent survey by Wells Fargo Equipment Finance Inc.In the company's 2012 Construction Industry Forecast, Wells...
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February 01, 2012, 07:30 AM
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GE Capital, Dealer Finance announced that it is doubling its sales force to support growing retail and wholesale demand for construction equipment financing. “This enhanced coverage ensures that we’re ready to assist dealers with financing options...
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January 23, 2012, 08:00 AM
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ForConstructionPros.com reported the American Road & Transportation Builders Association (ARTBA) forecasts highway and bridge construction to contract 6%, to an estimated $72.6 billion in 2011 and remain flat through 2012. Subway and light-rail...
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January 16, 2012, 07:00 AM
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Construction equipment manufacturers anticipate overall business to close out 2011 with double-digit increases over last year in the U.S., Canada and worldwide. Growth is expected to continue but at a slower pace for 2012 through 2014, according to...
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December 19, 2011, 07:00 AM
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Proxibid, the world’s largest real auction marketplace, today announced that Cat Auction Services has selected the Company to provide online bidding for its new eQuipment Yard online timed auction service. Online bidding for eQuipment Yard’s...
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November 29, 2011, 06:30 AM
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Baird, in partnership with Rental Equipment Register published the results of its Q3 2011 survey of the rental equipment industry. The report indicated construction equipment rental revenue growth of 10.1% year over year and an improvement from 9.3%...
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November 02, 2011, 06:30 AM
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Terex Corporation announced income from continuing operations for the third quarter of 2011 of $36.9 million compared to a loss from continuing operations of $90.9 million in the third quarter of 2010. Excluding the sale of shares of Bucyrus...
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October 31, 2011, 07:00 AM
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International Construction reported that Komatsu’s sales increased 15% for the six months ended September 30, 2011 to $13 billion and net income increased 48.5% to $ 1.2 billion. The company’s overall sales of construction, utility and mining...
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October 28, 2011, 06:00 AM
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