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JANUARY 2014 issue of
Rental Management

2014 For the Record
01/03/2014

Editor’s note: As 2013 drew to a close, several companies completed a variety of deals. Among those announced in November and December:

  • Volvo Construction Equipment, Shippensburg, Pa., has acquired the truck business of Terex Corp., Westport, Conn., for about $160 million. The truck business manufactures and sells off-highway rigid and articulated haul trucks. Included in the transaction is the Terex manufacturing facility in Motherwell, Scotland. The sale is expected to close in the first half of 2014.
  • MacKissic, Parker Ford, Pa., has acquired the assets of Yard Marvel Manufacturing, Spokane, Wash. Yard Marvel, founded in 1955, had produced rototillers, dethatchers and aerators, primarily for the rental industry, before closing in November 2012. The Spokane location has been closed and everything has been moved to MacKissic in Pennsylvania.
  • Graco, Minneapolis, has acquired abrasive-blasting equipment manufacturer EcoQuip, Chesapeake, Va. Founded in 2005, EcoQuip designs and produces eco-friendly abrasive blasting systems for coating removal and surface preparation. EcoQuip products will become part of Graco’s Applied Fluid Technologies Division (AFTD). Financial terms of the transaction were not disclosed.
  • Bartell Morrison, Keyport, N.J., has acquired Innovatech Products and Equipment Co., Everett, Wash. Innovatech is a supplier of surface removal equipment with a full line of floor removal, grinding and polishing equipment, and associated tooling.
  • GWG Rentals, British Columbia, Canada, has acquired Airdrie Rental Equipment, which has been serving the construction industry in Airdrie and surrounding communities in Alberta, Canada, since 1979.
  • G. Cooper Equipment Rentals (Cooper), a compact equipment rental company in the Greater Toronto Area, has signed a definite share purchase agreement to acquire all of the outstanding shares of City Rentals, Scarborough, Ontario, Canada. City Rentals is a full-service construction equipment rental company, serving contractors in the Greater Toronto Area.
  • Party Reflections, Charlotte, N.C., has acquired Palmetto Party Rentals, Columbia, S.C. Adam Ruffin, owner of Palmetto Party Rentals, will remain part of the ownership group moving forward. The combined effort of the two companies is designed to strengthen the 55-year-old Party Reflections foot print in North and South Carolina. Party Reflections has two North Carolina locations in Charlotte and Raleigh, and plans to bring a more diverse inventory to the Columbia market, including new and larger tent offerings, as well as a broader selection of linen and tabletop items. The company says the additional inventory and staffing capabilities from Palmetto Party Rentals will allow Party Reflections to pursue larger events throughout the Carolinas.

 

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