The latest study released on the Global Construction Equipment Market by USD Analytics forecasts the market to double in size during the next decade.The construction equipment market is driven by infrastructure development, rapid urbanization and...
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November 14, 2024, 07:16 AM
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The latest Sandhills Global market reports underscore the extent to which auction value decreases are outpacing asking value decreases in Sandhills' agricultural equipment marketplaces. This disparity is leading to an ever-widening and unprecedented...
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August 07, 2024, 07:13 AM
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JCB announced it is set to build a new factory in North America which will create 1,500 new jobs over the next five years. The construction of the 720,000 square foot factory will begin early next year on a 400-acre site in San Antonio, TX.The new...
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October 16, 2023, 07:00 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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Durante Rentals, LLC, a provider in the construction equipment rental industry, announced it has acquired the assets of Delaware-based Iron Source, LLC, an independent equipment rental provider and dealer. The acquisition will expand Durante Rentals’...
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May 04, 2023, 07:00 AM
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Capteris Capital, an equipment finance company supported by the capabilities of Wheels and MidCap Financial, announced the closing of a $10 million lease through one of its strategic capital market partners to finance construction equipment for a...
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March 03, 2023, 07:15 AM
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Big agricultural and construction equipment manufacturers in the U.S. Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring freezes and layoffs, execs told Reuters.Read the full article Reuters...
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February 21, 2023, 07:20 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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Fleet Up Marketplace, a construction equipment ecommerce website, announced it has relaunched as FleetNow to align with the growth of its expanded services.As of 2022, the site is a top destination for equipment shoppers looking for deals on...
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October 18, 2022, 07:00 AM
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Manitex International, an international provider of truck cranes, specialized industrial equipment and construction equipment rental solutions, announced it has received a continuation order valued at up to $3 million, for articulated cranes, from an...
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September 26, 2022, 07:15 AM
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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...
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July 20, 2022, 07:12 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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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...
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June 27, 2022, 07:00 AM
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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...
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June 09, 2022, 07:23 AM
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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...
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June 06, 2022, 07:05 AM
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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...
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April 26, 2022, 07:20 AM
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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...
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April 05, 2022, 07:15 AM
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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...
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March 14, 2022, 07:15 AM
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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...
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November 17, 2021, 07:05 AM
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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...
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May 13, 2021, 07:15 AM
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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...
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January 26, 2021, 07:22 AM
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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...
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July 02, 2019, 07:12 AM
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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...
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April 29, 2019, 07:10 AM
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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...
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September 19, 2018, 07:25 AM
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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...
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June 18, 2018, 08:00 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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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...
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February 22, 2017, 07:10 AM
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