Industry News
In its 2018 fall economic statement, the federal government has announced its intention to triple the depreciation allowed in the first year that a business puts capital investments into use. The change applies to a wide range of capital assets, including buildings, computers and construction equipment. In an example provided in the statement, the allowed first-year depreciation on earth moving equipment would move from 15 to 45 percent.
December 5, 2018 - After 48 successful years, ABCO Equipment & Supplies, a family owned construction rental house based in North York, ON is closing its doors.
December 5, 2018 - M-K Power has announced that JP Ouellette has taken on the role of New Business Development Manager.
Dec. 3, 2018 - Ashtead has announced that Geoff Drabble has decided to step down from his role as Chief Executive at the end of the current financial year on May 1, 2019, and to retire from the Group on November 30, 2019.
Nov. 28, 2018 - Serious Labs has announced that Brad Boehler has joined its board of directors. Boehler will advise on business and strategy topics, and provide counsel regarding the compliance of VR simulators with a variety of standards. His appointment expands the board to seven members.
It’s the end of an era here at Canadian Rental Service. Ed Cosman, this magazine’s sales manager for the last 21 years, will be retiring at the end of the year.
Nov. 5, 2018 - RDSI is expanding with the addition of Steve Rusynyk as the sales rep responsible for southwest Ontario.
Edge1 Equipment Rentals in Stoney Creek, Ont., held an equipment auction at its rental yard on Oct. 25 as a way to move some old fleet, welcome some new friends, make a few bucks and promote its new logo and branding. The store has recently wrapped up a protracted legal battle with international rental giant Hertz over the use of the name HERC in Canada.
WesternOne has announced it has entered into a definitive agreement with United Rentals of Canada pursuant to which United Rentals has agreed to acquire WesternOne's equipment rentals and heat business and substantially all of the related assets for a base cash purchase price of $120 million.
Oct. 4, 2018 - John Deere has again earned a spot among the world's most valuable brands in an annual ranking completed by Interbrand, a leading brand consulting firm. John Deere is ranked 88th in the Best Global Brands research announced today, moving up 4 spots from a year ago. Interbrand estimates the John Deere brand to now be worth approximately $5.4 billion.
Oct. 2, 2018 - Deere & Company has announced changes to its leadership team in response to the planned retirement of a member of senior management later this year.
Sept. 19, 2018 - Hitachi Construction Machinery (HCM) has purchased a 33.3 per cent equity interest in Acme Lift Company in order to enter the North American rental market.
Aug. 29, 2018 - The Brock Group has announced that Raymond A. Aronoffhas joined the company as President and Chief Executive Officer. Mr. Aronoff most recently served as the Chief Operating Officer of BakerCorp, an industrial solutions provider with more than 65 locations inNorth America and Europe. Prior to BakerCorp, Mr. Aronoff held positions with the Boston Consulting Group and NASA's Johnson Space Center. BakerCorp was recently purchased by United Rentals.
Aug. 29, 2018 - Harold Dubé, president and founder of Acces Location+, has decided to retire, officially selling his shares on July 25 to Luc Bertrand, vice president, and other shareholders: Fonds régionaux de solidarité FTQ and Yvan Blais.
Aug. 15, 2018 - Finning International Inc. has announced that Juan Carlos Villegas, President of Finning Canada and Chief Operating Officer of Finning International, will retire on December 31, 2018 following a distinguished career with the company. Kevin Parkes, currently Managing Director of Finning UK and Ireland, will assume the role of President of Finning Canada.  Assuming the role of Managing Director of Finning UK and Ireland will be David Primrose, currently Finning Canada’s Executive Vice President of Core Industries. Kevin and David will assume their positions on January 1, 2019 and will report to Finning International’s President and Chief Executive Officer, Scott Thomson.
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