||2013 For the Record
- United Rentals, Stamford, Conn., has acquired Rent World, a construction equipment rental company with two facilities in Wainwright, Alberta, Canada. Orlando Radies, former owner of Rent World, will continue to manage the business. Fred Hageman, principal of Rental Acquisitions, Camarillo, Calif., represented Rent World in the transaction.
- Loxam Group, Paris, plans to combine all of its French general plant networks, including Loxam, Laho Equipement, Loueurs de France BTP and Locarest, into one single entity — Loxam Rental — as of January 2014. The pooling of resources is designed to provide the group with an opportunity to strengthen its sales team, relaunch the network and further expand the range of equipment it rents with a view to catering to both professional and individual needs, the company says. Founded in 1967, the Loxam Group has 598 branches and more than 4,330 employees on sites in 11 countries.
- Volvo Rents, Shippensburg, Pa., has partnered with HGTV and DIY Network star, Ahmed Hassan, best known as the creative host on “Yard Crashers,” to build homes for military veterans. Hassan will provide the landscaping and yard makeover for three homes being built and donated by Homes for Our Troops (HFOT) with the help of Volvo Rents. HFOT began construction in September on one of the homes in Temecula and the other two in El Cajon, Calif. The new custom homes have been designed to provide the severely injured veterans with maximum freedom of movement and the ability to live more independently. “I’ve been a long-time customer of Volvo Rents,” said Hassan. “When I learned about their partnership with Homes for Our Troops and what they were doing to help better the lives our service men and women, I immediately decided to get involved. I knew this project and the cause driving it was something I could definitely help with.”
- Steven Loranger has been named president and CEO, Xylem, White Plains, N.Y. Loranger was chairman, president and CEO of ITT Corp. when it spun its water businesses off as Xylem in October 2011. He currently serves as a director of Xylem and succeeds Gretchen McClain, who has stepped down as president and CEO, and as a director, to pursue other opportunities. The board is initiating a search for the next CEO.
- Atlas Copco, Stockholm, Sweden, has acquired Pneumatic Holdings, Santa Fe Springs, Calif. The company has 16 employees and provides light pneumatic construction tools, including paving breakers, chipping hammers, rivet busters and rock drills. The new legal owner is Atlas Copco Construction Mining Technique USA.