Estimated value of a takeover bid for Oshkosh Corp. by investor Carl Icahn. On Oct. 11, Icahn announced his intention to initiate an “any and all” tender offer for Oshkosh Corp. outstanding shares of common stock at $32.50 per share in cash and to nominate a slate of directors for election to the Oshkosh board at the company’s annual meeting. Oshkosh is the parent company of JLG Industries, McConnellsburg, Pa.
Number of rental store acquisitions made by Volvo Rents, Shippensburg, Pa., this year through September 2012, following the deal to acquire U Save Equipment Rentals, a single-location construction equipment rental company in San Francisco. Volvo Rents now owns 131 rental stores in North America.
Editor’s note: United Rentals, Greenwich Conn., released its third quarter 2012 financial results on Oct. 16. Among the key highlights were:
Number of branches consolidated to date following the company’s merger with RSC earlier this year.
Percentage increase in rental revenue for the quarter to $1.051 billion.
Percentage increase in the volume of equipment on rent.
Increase in rental rates, year-over-year.
“We delivered a strong performance in the quarter, propelled by the effective execution of our strategy and widespread demand for our rental equipment. All but one of our regions reported a year-over-year rate increase and we now expect a rate gain of approximately 7 percent for the full year,” said Michael Kneeland, United Rentals CEO.
The value of equipment sold at 31 unreserved auctions around the world in September 2012 by Ritchie Bros. Auctioneers, Vancouver, British Columbia, Canada, the largest gross auction proceeds for September in the company’s history. The company also achieved its highest ever third-quarter gross auction proceeds with $848 million worth of equipment sold during the quarter.
Record value of scholarships available for the 2013-2014 academic year from the ARA Foundation for students who want to pursue a vocational/technical, undergraduate or graduate education for a career in the equipment rental industry. Students can apply by going to ARAFoundation.com and selecting “Foundation Scholarship Program” to download an application form, which is due March 2, 2013.
Ranking of The Rental Show on Trade Show Executive (TSE) magazine’s TSE Fastest 50 list of fastest growing trade shows in the U.S. The ranking is based on The Rental Show 2011 in Las Vegas, which had an increase in attendance of 22 percent over 2010. The show also ranked No. 79 on the Trade Show Executive Gold 100 list of 2011’s top North American trade shows, based on net sq. ft. of paid exhibit space. The Rental Show 2011 occupied 219,400 net sq. ft. with 610 exhibiting companies.