Industry News News
Vertex Resource Group Ltd. is pleased to announce that it has acquired the business of a private company providing hydro-vac services to the Edmonton, Alberta region in a transaction valued at $4.3 million. This acquisition will double Vertex's hydro-vac fleet with the addition of 11 hydro-vac units servicing clients in the municipal and utility industries.
The launch of the newly redesigned HammerHeadTrenchless.com website now gives customers in a wide range of industries even faster, easier access to in-depth information and resources regarding trenchless methods, products and consumables.
Vacuum lifting technology offers an effective approach to moving materials on tough concrete demolition and construction, road and landscaping projects. Ditch Witch, a Charles Machine Works Company, has partnered with Tulsa-based Vacuworx to bring the benefits of vacuum lifting technology to an expanded network of underground construction contractors, landscapers, municipalities and utilities.
Crosslake Fibre has announced that it has selected Hexatronic Cables & Interconnect Systems AB of Sweden to supply the high-fibre-count submarine fibre optic cable and Maritech International LTD to construct the Horizontal Directional Drilled (HDD) shore ends for its 58km submarine cable project being developed across Lake Ontario.
Granite Construction Incorporated has announcedthat it has acquired LiquiForce, a privately-owned company which serves public and private sector water and wastewater customers in both Canada and the U.S. Today, LiquiForce provides a variety of underground contracting services including lateral liner rehabilitation, mainline Cured-in-Place Pipe (CIPP), project management, manhole rehabilitation, and mainline point repairs. In addition, they are recognized as a leader for their patented LiquiForce Junction Lateral Liner. Through this acquisition, we welcome more than 100 employees to the Granite team. Going forward, LiquiForce will continue to operate from offices in Kingsville, Ontario, Hamilton, Ontario, and Romulus, Michigan. The transaction is expected to be immediately accretive to Granite's 2018 earnings per share.
Ditch Witch recognized Robbin Womack of Ditch Witch of Houston with the 2017 Lowell Highfill Award – the organization's most prestigious award for salespeople worldwide. This award is presented annually to the top individual salesperson in the global Ditch Witch organization for his/her superior product knowledge and performance in promoting and marketing Ditch Witch products, jobsite solutions and services.
Equipment Sales & Service Limited (ESS) has been recognized for overall business performance and sustained growth with the prestigious Canada's Best Managed Companies designation. The 2018 Best Managed program award winners are among the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth. Having achieved the Best Managed designation for seven consecutive years, ESS joins an elite group of companies that have attained Platinum Club status.
HOBAS Pipe USA a supplier of large diameter fiberglass pipe has announced that Martin Dana has joined the HOBAS management team as the new Vice President of Sales. Martin is an 18-year veteran of Northwest Pipe Company and most recently served in the capacity of Executive Vice President of Business Development and Strategy. He is a well-rounded, dynamic senior executive with functional experience in finance, operations and sales.
In its latest five-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to continue to grow consistently in the United States over the next five years, resulting in total revenue of $59.6 billion in 2021. According to the ARA Rental Market Monitor™ five-year forecast updated in February, total rental revenue in the U.S. is expected to grow by 4.5 percent in 2018 to reach $51.5 billion, 5.6 percent in 2019, 5 percent in 2020 and 4.4 percent in 2021. The February forecast is identical to the previous forecast released in November 2017 for 2018, with slight upticks in the expected revenue growth rates for 2019 through 2021.
Sunbelt Rentals has launched the new SunbeltRentals.com comprised of updated features and benefits designed for an easier, faster equipment rental experience. The optimization and enhancement of the site continues the company's focus on offering digital tools, such as Command Center, for customers.
Finding, developing and retaining tomorrow's skilled workforce is one of the most significant challenges facing manufacturers today.
Daimler Trucks North America (DTNA) has announced that David Carson, currently president of Freightliner Custom Chassis Corporation (FCCC), has been appointed president of Western Star Trucks and chief diversity officer of DTNA. Carson succeeds Kelley Platt who has been promoted within the Daimler AG global organization to president and chief executive officer of Daimler's truck joint venture Beijing Foton Daimler Automotive Co., Ltd. (BFDA) in China.
Hamilton, ON - Canadian Centre for Occupational Health and Safety (CCOHS) --- To help employers better understand the value of workplace wellness programs, the Canadian Centre for Occupational Health and Safety (CCOHS) has launched the e-course, Business Case for Workplace Wellness. With many workers in Canada spending the majority of their waking hours at work each day, employers are starting to realize the importance of offering workplace wellness programs and the positive impact they can have. If the success of an organization depends heavily on the productivity of its workers, then it makes sense to ensure that the employees have a work environment that is healthy in which they can thrive.