All Mergers & acquisitions Articles

Texada Software, the Canadian rental software company, has further expanded its US equipment rental business with the acquisition of Bane Machinery’s Houston operation for approximately US$1.9 million.

French crane company Mediaco is to sell three of its non-crane rental businesses to Loxam for an undisclosed price.

New organisation would cut duplication of effort and simplify unwieldy corporate structure says FI chairman Sergio Marchionne.

Volvo Rents has added another Californian rental company to its list of recent acquisitions, buying Rental Solutions, a three-branch operation with stores in Napa Valley, Santa Rosa, and Cloverdale.

United Rentals has sold its Wynne Systems software subsidiary to Canadian company Volaris Group.

Swepac, the Swedish plate compactor manufacturer, has been sold to South End AB, a company that has holdings in a number of small engineering businesses in Sweden.

Boels Rentals in the Netherlands has confirmed two more rental acquisitions in Europe. One is of a small rental business in Belgium, Loca-System, and the second is of German company Techno-rent Service, which small equipment from 450 ‘store-in-store’ rental points at builders merchants and DIY stores in Germany and other countries.

Ritchie Bros. Auctioneers is to acquire AssetNation, a US-based online auctioneer specialising in the sale of surplus and salvaged assets. Ritchie said the acquisition would enable it to offer new, non-auction services to its customers.

Colin Oldfield, an experienced rental manager who has been involved in many acquisitions throughout his career, highlights some of the things to look out for during the due diligence period.

UK access rental company AFI has acquired Light Hire, a 100-unit access rental business with a depot in Exeter.

Terex and Russian Machines form JV to build and distribute construction and road building equipment in Russia.

The Toro Company aims to be producing Stone Construction Equipment machines at Stone’s Honeoye facility in New Jersey in the “near term” before switching production to its existing facilities in Nebraska and Minnesota.

Volvo Rents continued its North American acquisition spree last week with the acquisition of Nelico Equipment Service and Supplies, a three-branch rental business with locations in Mills, Rock Springs and Casper, Wyoming.

The Toro Company has announced that it has acquired light construction product assets of Stone Construction Equipment, the compaction and concreting equipment business which went into bankruptcy earlier this year. The price was not disclosed.

Norway's Malthus is to sell its aerial platform sales division to Brubakken, a Norwegian forklift sales and rental company.

Sunbelt, the American subsidiary of the Ashtead Group, has acquired Topp Construction Services Inc and its related company, Precision Steel Works LLC for $33.5million, which was paid in cash.

Press reports in the US suggest that private equity firm Platinum Equity, founded by Tom Gores, wants to take ownership of Ahern Rentals, the Las Vegas based rental company that is currently going through Chapter 11 bankruptcy proceedings.

United Rentals and RSC Holdings expect the merger between the two to close on or about 30 April, a few days after RSC and United’s shareholders vote on the proposal.

Aggreko is to buy Poit Energia, a major power renter in Brazil, Chile, Argentina and Peru for R$404 million (£140 million), with an additional payment of up to R$60 million (£21 million) if targets are met this year.

Australia’s Onsite Rental Group has acquired compressor rental and sales company Q-Air in Queensland.