NEW YORK (April 6, 2018) – The Dodge Momentum Index moved 6.1 percent higher in March, rising to 155.0 (2000=100) from the revised February reading of 146.0. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
ROLLING MEADOWS, Ill. (April 9, 2018) – Komatsu America Corp. announced plans to move company headquarters to Chicago, IL in 2020.
The new site at Triangle Plaza, 8770 W. Bryn Mawr Ave., will feature a new, open floorplan, designed to foster more collaboration and cross-functional team communication. The design will reinforce the company’s focus on cross-discipline collaboration that drives customer-first solutions and services.
MILWAUKEE (April 9, 2018) – The Association of Equipment Manufacturers (AEM) has elected John D. Lagemann, senior vice president of sales and marketing–Regions 3 & 4, Deere & Co., as the new AEM 2018 vice chair.
He fills the unexpired officer term of Jim Walker of CNH Industrial, who recently retired. In a related move, AEM elected Scott Harris of CNH Industrial to the Association’s board of directors, to fill Walker’s unexpired 2018 board term.
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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.
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.