||2013 For the Record
- Virginia Abrasives, Petersburg, Va., has formed an exclusive partner arrangement with Primatech, a floor fastener and equipment manufacturer in Canada. Virginia Abrasives will be Primatech’s primary distributor to all levels of the equipment rental market, serving as distributor to independent rental, national accounts and master distributors. “Adding a fastener line along with supplying some of the best flooring tools in the industry will only further support our ‘one-stop shop’ approach, making it easy for rental stores to get what they want, when they want it,” said Spencer Perkins, Virginia Abrasives president. Fasteners and equipment will be available with the same day complete shipping and free freight that is currently available with the rest of Virginia Abrasives’ offerings.
- United Rentals, Stamford, Conn., has added three specialty locations for providing power generation and climate control solutions. United Rentals Power & HVAC recently opened U.S. branches in San Diego and Oklahoma City,
- and a Canadian branch in Fort McMurray, Alberta. All three locations will focus on providing engineered power, heating, cooling and ventilation solutions for commercial, industrial and governmental customers, and disaster recovery services. The company currently has a total of 824 rental branches in North America.
- CNH Global N.V. shareholders have approved a merger of CNH Global with Fiat Industrial S.p.A. into a new company to be named CNH Industrial N.V. The full merger is expected to close in the third quarter. Fiat Industrial is the company spun off from the Fiat Group at the beginning of 2011, when that company decided to concentrate on its auto business. Fiat Industrial already owns about 89 percent of CNH as well as Iveco Trucks and Fiat Powertrain Technologies. Fiat Industrial shareholders had approved the deal late last year.
- Miller Electric Mfg. Co., Appleton, Wis., has consolidated the Smith Equipment oxy-fuel cutting equipment product line under the Miller brand. The consolidation expands the current Miller metal cutting offering, which includes a variety of portable plasma cutting packages. The oxy-fuel product line will continue to be manufactured in Watertown, S.D. The only difference is that the name on the product will change to Miller. Several products will retain the Smith Equipment brand name, including the Little Torch™ jewelry torch, QuickBraze® HVAC/R and appliance repair torches, specialty gas regulators, Handi Heet® soldering outfits and Silver Smith™ air-fuel jeweler’s torches.
- Bartell Morrison, Mississauga, Ontario, Canada, has acquired the SPE Group of Companies (SPE) of Dunholme, Lincoln, England. SPE is a supplier of surface preparation equipment worldwide and a surface preparation contracting service provider in the United Kingdom. Bartell Morrison says there will be no change in the service and customer care from SPE and Bartell. Brand names and product lines will stay the same with some new products being brought to market in the near future.
- Generac Holdings, Waukesha, Wis., has signed an agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I, advised by Ambienta SGR, and a group of minority-share investors. Founded in 1996 and headquartered outside Milan, Italy, Tower Light is a developer and supplier of mobile light towers throughout Europe, the Middle East and Africa. Following the close of the transaction, Tower Light’s management team will continue to lead the company and the Tower Light brand name will join Generac’s brands, including Magnum and Ottomotores, in serving global power generation and associated markets. It is expected that the transaction will close in the third quarter of 2013, pending standard closing conditions. The purchase price of the acquisition was not announced.
- Riwal, Dordrecht, Netherlands, an aerial work platform and telehandler rental company, has opened a new operation in Belgium by acquiring the aerial work platform business unit of Sarens Belgium NV. Riwal says the acquisition of Sarens will enable the company to provide equipment whenever both aerial work platforms and heavy lifting services are required at the same sites. Riwal Belgium will be based in Genk (Limburg province). The Sarens employees in the aerial work platform business will all be employed by Riwal.