Chicago, Illinois (February 21, 2018) - Ryan Specialty Group LLCannounced it has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers, LLC (New Day), a specialty intermediary with offices in Hamilton, New Jersey. New Day will become part of R-T Specialty, LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group (RSG). Jefferey S.
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Rolling Meadows, Illinois (February 26, 2018) - Komatsu America Corp. announced that, through its subsidiary F&M Equipment Ltd., it has entered into a purchase agreement with Pine Bush Equipment (PBE) Group, consisting of Pine Bush Equipment Co. Inc. and East PBE Inc., to purchase the assets of PBE group, subject to a period of due diligence and final approval of Komatsu Ltd. (with the exception of the Kubota line of equipment and parts).
Brookfield, Connecticut (February 21, 2018) – Fred Dotson has been promoted to president at Cultec Inc., manufacturer of plastic stormwater chambers for commercial and residential projects. Dotson succeeds Robert DiTullio Jr., who will become the business’ chief business development officer. Robert DiTullio Sr., who founded the company in 1986, is the company’s chief executive officer.
Omaha, Nebraska (February 8, 2018) - Elliott Equipment Company, manufacturer of truck-mounted material, handling work platforms, cranes and digger derricks is celebrating its 70th anniversary in 2018.Elliott Equipment Company was founded in 1948 by Dick Elliott. The company, which was founded and still based in Omaha, Nebraska, was one of the pioneers in developing truck-mounted aerial equipment.
San Diego, California (February 12, 2018) — Craig Parker was sworn in as 2018 chairman of the National Asphalt Pavement Association (NAPA) at a ceremony during the association’s 63rd annual meeting. As chairman, Parker is responsible for guiding NAPA’s efforts to support the asphalt pavement industry. Parker is executive vice president of Silver Star Construction, based in Moore, Oklahoma.
Strömsund, Sweden, (February 13, 2018) – Engcon, manufacturer of tiltrotators – a kind of tilting and rotating quick coupler for excavators – has delivered its 10,000th DC2 control system from its factory. The DC2 is one of the smartest control systems on the market. Not only does it boast a range of functions, it also has remote support via the mobile phone network.
FREDERICK, Md. (April 2, 2018) – Daniel M. Ryan, founder and chief executive officer (CEO) of Dan Ryan Builders, announced his succession plan naming long-time chief operating officer and senior vice president, Ronald (Ronny) Salameh as his successor. Effective April 1, 2018, Salameh was named president of Dan Ryan Builders.
SUWANEE, Ga. – Doosan Infracore North America LLC, has expanded its dealer network with the addition of two branches of ACT Construction Equipment as authorized sales, service, parts and rental providers of Doosan equipment.
MANSFIELD, Ohio (April 2, 2018) — Minnich Manufacturing has added New York’s JC Smith Inc. to its dealer network.
WASHINGTON – The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for February was $7.7 billion, up 31 percent year-over-year from new business volume in February 2017. Volume was up 13 percent month-to-month from $6.9 billion in January.
RENO, Nev. – Reno Air Racing Association (RARA) is pleased to announce STIHL Inc. has extended its sponsorship contract as Title Sponsor for the 2018 and 2019 National Championship Air Races as well as the airing of the NBC Sports episodes of the races in 2019 and 2020. The 55th annual STIHL National Championship Air Races are scheduled Sept. 12-16, 2018, at the Reno-Stead Airport.
NORWALK, Conn. (April 2, 2018) – Triax Technologies Inc. announced that it has been named Health and Safety Solution of the Year from the New York City Construction Awards (NYCCA), held in conjunction with the New York Build Expo.
NATIONAL – Volvo Construction Equipment moves into a new dimension to assist customers in supplying spare parts, and as part of its commitment to the research and development of new products. As the construction industry looks to new methods for efficient production, equipment manufacturers are likewise exploring additional ways to boost productivity. Volvo CE has introduced 3-D printing in order to deliver spare parts to customers more quickly and efficiently.
NEWARK, N.J. (March 27, 2018) – PSEG Solar Source announced that its PSEG Cork Oak Solar Energy Center successfully began operations in December 2017.
The 26.2-megawatt (dc) facility has a 10-year power purchase agreement with Virginia Electric and Power Co. and is located about 90 miles northeast of Raleigh in Halifax, N.C. It is the third project PSEG Solar Source has developed in collaboration with BayWa r.e.
HAMILTON, N.J. (March 22, 2018) – John Heft, senior vice president and director of the real estate practice at New Day Underwriting Managers LLC, highlighted the Current Trends in the Environmental Marketplace at the 2018 IRMI Energy Risk & Insurance Conference (ERIC) held in Houston, Texas.
NEWPORT NEWS, Va. (March 23, 2018) – Liebherr, which has been manufacturing and operating in Newport News for over 48 years, invests $45 million in the expansion of its Newport News, Virginia, facility. The new expansion will include the construction of three new buildings on twenty-eight acres adjacent to the Liebherr’s current manufacturing facility. With this investment, Liebherr continues to grow its operations in the United States.
BROOKFIELD, Wis. (March 22, 2018) – Never Idle LLC and VeriTread for Business have announced a partnership to ensure Never Idle’s clients get the best logistics transportation option on equipment deliveries. The agreement allows Never Idle to use VeriTread For Business to arrange hassle-free transportation with trusted heavy haul operators while moving construction equipment between the owner and the renter or purchaser.
LA SARRE, Quebec (March 21, 2018) – Kenworth La Sarre has relocated to a new and larger 12,000-square-foot facility to enhance its support of truck operators and fleets in the mining, timber and agricultural industries in northwestern Quebec.
ST. LOUIS (March 20, 2018) – Western Specialty Contractors recently bid farewell to Chief Operating Officer (COO) Jim Rechtin Sr., who officially retired from the company after 46 years of dedicated service. Senior Vice President of Operations Tom Brooks has been promoted to replace Rechtin as COO.