||2011 — For the Record
- CORT, a Berkshire Hathaway company, has acquired ABC Special Event Rentals, Mukilteo, Wash., and will provide the company with an expanded range of products and services, including rental furniture from CORT Event Furnishings, to serve the Pacific Northwest. “CORT’s acquisition of ABC Special Event Rentals provides an expanded range of event and party rental products and services for customers in the Seattle metropolitan area,” said Mike Davis, vice president of CORT Trade Show & Event Furnishings. Phil and Alexia Heidt, owners of ABC, will continue to run the company.
- Hertz Equipment Rental Corp. (HERC) has acquired Forces, Naperville, Ill., a power generator rental company serving the greater Chicago metropolitan area. “The Forces acquisition is strategically important for Hertz Equipment Rental as it will enable us to fortify our positioning in the metro Chicago area,” said Mark Frissora, Hertz chairman and CEO. “The construction and industrial market in Chicago is estimated to be a $17.5 billion market. By acquiring Forces, HERC will be able to expand its energy services business, with an anticipated $6 million in new revenues for 2011, while further strengthening our long-term strategy to diversify our business in the industrial sector.”
- Thomas Riordan, president and chief operating officer, resigned from Terex Corp., effective Jan. 31, to become president and CEO of Neenah Enterprises, Neenah, Wis., one of the country’s largest independent foundry companies. Terex said it does not intent to fill the position in the near term and that his current responsibilities would be assumed by Ronald DeFeo, Terex chairman and CEO. Also at Terex, Kevin Bradley was named president of Terex Cranes, replacing Richard Nichols, who left the company. Also Ramon Oliu has been named president of Terex Financial Services, taking over the position previously held by Bradley.
- Nesco, Bluffton, Ind., a company backed by private equity firm Hammond Kennedy Whitney & Co., Indianapolis, has acquired a portion of Terex Utilities’ rental fleet of bucket trucks and digger derricks. Terms of the deal were not released. The rental fleet is located in the western region of the U.S. and consists of Terex manufactured bucket trucks and digger derricks. “This acquisition represents a significant western expansion of our national footprint,” said Rob Troxel, CEO of Nesco. Nesco provides specialized equipment for sale or rent to the electric and telecom utility industries. For further information on Nesco, visit www.nescosales.com.
- Stihl, Virginia Beach, Va., in cooperation with the U.S. Consumer Product Safety Commission, has recalled about 5,000 Stihl MS 361C chain saws (C-Q version). The throttle trigger may stick after it has been released by the operator, which could cause the engine to continue to run at a speed that drives the saw’s chain. This can pose a risk of a laceration injury to the user or a bystander. Stihl has received three reports of the throttle trigger sticking. No injuries have been reported. The recalled chain saws have a rear-handle activated chain brake (C-Q version) and have an orange top casing, gray base, black handle and “STIHL MS 361C” printed in an orange circle on the side of the unit. They were sold at authorized Stihl dealers nationwide from February 2004 through August 2009 for about $640. Consumers should stop using these chain saws immediately and return them to an authorized Stihl dealer for a free repair. Stihl’s recall hotline is 800-610-6677.