20 rer / may / 2008 - Rental Equipment Register

1ooCompany Name (Last year’s rank) 2007 Rental 2007 Total Total Editorial CommentsHeadquarters Volume in Volume in NumberTop Officer Millions Millions of OutletsWebsite262728293O31323334MUSTANG RENTAL SERVICES (34) $65.1 n/a 8Channelview, TexasBrad Tuckerwww.mustangcat.comRED-D-ARC WELDERENTALS (29) $62.0* $82.0* 41Austell, Ga.Mitch Imielinskiwww.red-d-arc.comFABICK RENTS (70) $61.2 $137.0 15Fenton, Mo.Doug Fabickwww.fabickcat.comCASHMAN EQUIPMENT (28) $60.5* $575.0* 6Las VegasMaryKaye Cashmanwww.cashmanequipment.comDAYTON SUPERIOR CORP. (-) $59.7 $483.0 29Dayton, OhioEric Zimmermanwww.daytonsuperior.comBLANCHARD RENTAL SERVICES (26) $59.4 n/a 7West Columbia, S.C.Joe Blanchard, president; Bill Gregory, rentalswww.blanchardmachinery.comESSEX CRANE RENTAL (21) $55.0* $64.2 19Buffalo Grove, Ill.Ron Schadwww.essexcrane.comLOCATION D’OUTILS SIMPLEX (33) $53.2 $67.0 35MontrealAndre Veronneauwww.simplex.caSTEPHENSON’S RENTAL SERVICES (40) $53.0 $60.0 18Mississauga, OntarioWillie Swisherwww.stephensons.caA 46-percent rental volume increase for Houston-areaCaterpillar dealer with a long-running rental program,thanks to an exceptional year in Mustang’s rental business.Emergency power generation rental revenues augmentrental volume figures, although it’s only a smallportion. Owner Louis Tucker now chairman of the board,with his brother Brad taking over as president.Opened Red-D-Arc Middle East in Dubai and last monthacquired A&N Plant in the U.K. and A&N Europe in theNetherlands, involved in welder rental and manufacturingon worldwide basis. Has fleet of more than 40,000 weldersin more than 40 branches in U.S., Canada and Mexico.Handles aerial equipment (JLG and Genie), power generationand allied equipment. Five dedicated Cat RentalStores but all locations rent. Recently celebrated 90 yearsin the construction industry.Began construction of new seven-building, “Green” headquartersin nearby Henderson, Nev., just outside Las Vegas.Mike Pack joined the company as president and COO. Oneof the largest privately owned companies in Nevada.Leading North American provider of specialized productsconsumed in non-residential concrete construction and thelargest concrete forming and shoring rental company servingthe domestic, non-residential construction market. Also manufacturesconcrete construction products used in highways,bridges, airports, power plants and water-management projects,institutional projects such as schools, stadiums, hospitals andgovernment buildings, and commercial projects such as retailstores, offices, recreational and manufacturing facilities.Region felt the weight of the housing slump and resultingdownward pressure on rental rates. Still, Blanchardmanaged to maintain its market share and keep utilizationat a decent level by reducing fleet. Doesn’t expect anydramatic change for a couple of years.Agreed to be acquired for $210 million by private equitygroup Hyde Park Acquisition Corp. last month. Servesbridge and road construction, power, water treatment,refineries, and other infrastructure projects, markets stillrunning strong with favorable utilization and rental ratetrends. Strong market share in crawler-crane rental segment.Management team, led by veteran Schad, is experiencedand capable. Carries extensive parts inventory.A booming aerial market, strong Quebec economy andSimplex’ investment in the earthmoving market is paying offwith continued growth for Quebec-focused regional giant,which had an 18.2-percent rental volume jump in ’07.Better fleet utilization and the addition of revenue from A1Rentals, acquired in July ’06, helped Toronto’s leading rentalplayer to a 36-percent rental volume increase. Plans three newbranches for ’08 and searching for acquisition opportunitiesin the U.S. and western Canada. Swisher is cautiouslyoptimistic for ’08 with significant projects going on, but abit concerned about early ’09. Fuel already well over $4 pergallon in Ontario. Dispatching software has helped controlcosts, may extend it to pick-up truck delivery fleet. Companywas acquired by Edgestone Capital Partners in July 2007.*Denotes RER estimate based on regional economic conditions, industry sources and interviews by members of the RER staff. Other revenue figures are based on actual reported revenue for North American operations as of April 25,2008. Location data are as of April 25, 2008, to the best of the knowledge of the RER staff. While every effort is made to ensure accuracy and thoroughness, omissions sometimes occur. All figures are in U.S. dollars. In the case ofsome Canadian companies that reported figures in Canadian dollars, the figure listed is based on the average conversion rate for the year 2007 according to the Bank of Canada.rer / may / 2008 31