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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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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Associated and Stoffel Equipment Company have merged. The combined company will operate under the Associated name. With this merger, Associated expands its presence in the Midwest to include Wisconsin and the Upper Peninsula of Michigan.Tim Combs...
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April 05, 2023, 07:05 AM
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Casey Equipment is the latest Midwest dealer to join the rapidly expanding LiuGong North America dealership network.Leaders of the third-generation family-owned business said joining the lineup has been a smooth, straightforward process because of...
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January 11, 2023, 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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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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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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Encina Equipment Finance (EEF) announced it has provided a $10 million equipment loan to an equipment rental company. The loan is being used to fund new equipment purchases.EEF was represented by Reed Smith LLP.Encina Equipment Finance provides loans...
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July 08, 2021, 07:05 AM
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CIT Group Inc. announced CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $23 million credit facility for Nova Compression, LLC (a successor company to MGC Equipment Company, LLC).Founded in December...
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March 31, 2021, 07:20 AM
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Amerisource Business Capital announced the closing and funding of a $4 million revolving credit facility for a Texas-based natural gas compression services firm.Allison Billings, Regional Market Manager for Amerisource, stated: “We worked closely...
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April 29, 2020, 07:00 AM
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Herc Holdings Inc. announced Aaron Birnbaum will succeed J. Bruce Dressel as Chief Operating Officer effective Jan. 1, 2020. Dressel will leave his position as Senior Vice President and Chief Operating Officer on Dec. 31, 2019. Birnbaum currently...
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December 09, 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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H&E Equipment Services, Inc. announced its entry into a definitive agreement to acquire We-Rent-It (WRI), a non-residential construction-focused equipment rental company with six branches serving the growing central Texas market. Under the terms of...
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January 14, 2019, 07:17 AM
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ABLE Equipment Rental, Inc. of NY, a supplier of construction equipment rentals, sales, service and parts, announce the opening of its new location in Allentown, PA. Operating as ABLE's sixth full-line facility, it will serve the Lehigh Valley and...
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July 30, 2018, 06:59 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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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 Home Depot announced a definitive agreement to purchase Compact Power Equipment, Inc., a leading national provider of equipment rental and maintenance services for $265 million in cash. The transaction is expected to close by the end of the...
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July 07, 2017, 07:33 AM
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Tiger Rental Group, LLC (together with its affiliated companies, “Tiger Rentals” or the “Company”) has closed on $135 million in financing, consisting of a $110 million senior first lien term loan with Orion Energy Partners, L.P. (together with its...
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October 03, 2016, 07:11 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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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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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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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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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 Hertz Corporation announced that Carlo Cavecchi has joined Hertz Equipment Rental Corporation (HERC) as Vice President, Specialty Rental Group, reporting to Bruce Dressel, Chief Operating Officer.In this new role, Cavecchi will lead HERC's...
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August 14, 2015, 06:48 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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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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BlueLine Rental, a full-service equipment rental company, announced it has acquired Area Equipment LLC, a rental company in Cheasapeake, VA that serves customers in the industrial and non-residential construction markets. Terms of the transaction...
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April 06, 2015, 08:02 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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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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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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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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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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