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Industry Update
Bobcat announces layoffs in North Dakota; Paladin announces acquisition of Magnum Systems Inc. and more.
By RPN Staff
Analysts polled by Reuters Estimates, on average, looked for fourth-quarter profit of 65 cents per share.
In 2005, revenue from traffic controls at United Rentals totaled $270 million, or 8 percent of overall revenue, while revenue from general rentals totaled $3.11 billion, or 87 percent. The company operates more than 760 locations in 48 U.S. states, Canada and Mexico.
United Rentals said Wynnchurch has more than $500 million in committed capital. Similarly the Oak Hill fund, a joint venture between Oak Hill Advisors LP and Oak Hill Capital Partners, has $500 million of committed capital as well.
Leading industry consultant unveils newsletter for rental business employees
Dick Detmer, president of Detmer Consulting Inc., is introducing a one-page newsletter, titled Profit Techniques, designed for employees working in an equipment rental business. The title serves as a reminder to employees that they are the key to making a business grow and become more profitable.
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