New CEO for Opifex-Synergy in US
Opifex-Synergy, the major US rental business in the Southern states of the US, has appointed Joseph ‘Jay’ Vaughn III as its CEO. Vaughn was the CEO and co-founder of Texas-based Opifex. His appointment follows the merger last year of Opifex and Florida-based Synergy Equipment. He succeeds Synergy founder J C Mas, who will become chairman […]
Herc issues first results since H&E acquisition
Herc Rentals has reported its first quarterly results since finalising the acquisition of H&E Equipment at the start of June, with revenues for the three months to 30 June up 18.2% to US$1 billion and EBITDA profits up 12.8% to $406 million. These figures include one month of contributions from H&E, but pro forma revenues […]
Mateco acquisition part of general rental rollout
Mateco, has acquired Spanish crane, MEWP and construction equipment rental company Sergruco as part of the rollout of its General Equipment Rental Division in Alicante, Alcoy and Valencia. Serving the province of Teruel, with an additional presence in the northern area of Valencia and Castellón, Sergruco was founded in the mid-1990s with the main goal […]
Kiloutou strengthens with acquisitions in Denmark and Italy
Kiloutou Group has announced the acquisition of two rental companies in Denmark and Italy as part of its ongoing international expansion strategy. No financial details of the acquisitions have been disclosed. The deals, both subject to regulatory approval, will see the group expand its footprint in western Denmark and the Piedmont region of northern Italy. […]
Ritchie Bros. acquires J.M. Wood
Ritchie Bros. has completed its acquisition of J.M. Wood Auction. The deal will grow the companies’ offerings to customers in Alabama and adjacent states in the US. “Both Ritchie Bros. and J.M. Wood have spent decades building trust through integrity, relationships and a deep understanding of customers’ businesses,” said Jim Kessler, Chief Executive Officer of […]
Mills expands in southern Brazil
Brazil-based Mills is set to acquire Next Rental Locações for R$180 million (US$33.14 million). The investment in Next Rental, a subsidiary of Grupo Pesa, which has been a Caterpillar company in southern Brazil for more than 70 years, is being made by Mills subsidiary Mills Pesados. The deal also includes Linha Amarela Rental, which is […]
Home Depot expands product distribution with $5.5bn deal
The Home Depot in the US is to acquire building products distributor GMS Inc for US$5.5 billion, including net debt. The deal is being made through Home Depot’s trade subsidiary SRS Distribution and will further expand its position supplying building products to professional customers. SRS, which was acquired by Home Depot in 2024, has 800 […]