Mergers & Acquisitions

Loxam, Europe’s largest equipment rental company, has acquired Nove S.r.l., an aerial equipment rental company from aerial manufacturer Haulotte. Nove was founded in 1998 and controlled by Haulotte since 2006.

Sunbelt Rentals made 15 acquisitions during its past fiscal year including some companies of considerable size.

Sunbelt Rentals has acquired Above and Beyond Equipment Rentals, an equipment rental company specializing in the rental of scissorlifts, boomlifts and telehandlers based in Madison, Conn., in Fairfield County.

American Rentals, based in Long Beach, Calif., has acquired Highland Equipment Rental in Highland, Calif., a small city in San Bernardino County in Southern California.

Generac Holdings, a leading designer and manufacturer of generators and other engine-powered products, closed on the previously announced agreement to acquire Selmec Equipos Industriales, S.A. de C.V., and its wholly owned subsidiaries from Enesa Energia, and Enesa.

Manitex International, a leading international provider of truck and knuckle boom cranes, announced an investment by Tadano of approximately $32.7 million in Manitex through the purchase of 2,918,542 shares of the company’s common stock.

Kinshofer, a manufacturer of excavator and loader crane attachments, has acquired the Schaeff Transverse Cutter business from Atlas GmbH, a Germany-based crane and excavator manufacturer.

Iowa-based Caterpillar dealer Altorfer has acquired Chicago-based Caterpillar dealer Patten Industries, the Caterpillar dealer in northern Illinois and northwest Indiana.

Titan Machinery, a network of full-service agricultural and construction equipment stores, has entered into a definitive agreement to acquire two German companies, AGRAM Landtechnikvertrib and AGRAM Landtechnik Rollwitz, consisting of four Case IH agriculture dealership locations.

Toromont, owner of one of the world’s largest Caterpillar dealers, posted CDN $676.8 million in the first quarter, compared to $412.3 million in the first quarter a year ago, a 64.2-percent increase. Operating income rose 30 percent, while net earnings went up 14 percent.

Aggreko has acquired a 14-percent ownership share in Origami Energy, an intelligent software platform developer that optimizes revenue-earning capacity of grid-connected generation and storage assets.

H&E Equipment Services announced it has completed its acquisition of Rental Inc., a non-residential construction-focused equipment rental company with five branches in Alabama and Florida and assets including approximately $35 million of fleet based on original equipment cost.

European rental giant Boels Rental recently acquired three rental companies to expand its services for its customers.

Ring-O-Matic president and CEO Brian Metcalf has acquired the company, which specializes in the design, manufacture and customization of vacuum-excavation machinery and equipment.

Rental Guys Inc., based in Chico, Calif., announced this week that it has acquired Gold-N-Green Rentals Inc. of Grass Valley, Calif.

United Rentals has acquired the assets of Industrial Rental Services LLC from JMH Capital.