Friday Roundup: IRN100 | Renters expand | New Case loader

Here it is, the end of another week. Have you stayed on top of industry news? If not, fear not, here’s your weekly roundup of equipment rental happenings. 

This year’s IRN100 reflects a general rise in revenues and CapEx among the world’s biggest players.

The top story in equipment rental for the week of June 20-26, 2024 was the release of the IRN100, a much-anticipated annual ranking of the world’s largest rental companies. 

This year’s list reflects a general rise in revenues and CapEx, with North America-based companies once again taking up the majority of the list, with the average growth rate among the 41 companies representing the region topping 14%.

In other news, there were more reports of expansion among the consolidators. To that end, United Rentals has acquired Australia-based rental company Orange Hire from its private equity owner Arcadia Capital. 

Founded in 2005 and headquartered in Blacktown, New South Wales, Orange Hire rents a range of earthmoving and traffic management equipment.

In the US, Rental Equipment Investment Corp (REIC) has completed the purchase of US-based general renter Bigfork Rentals. 

Headquartered in Bigfork, Montana, the company (formerly United Rentals and Bigfork Tool Rental) rents a wide range of equipment, including earthmoving, aerial and handheld tools.

In OEM news, Case Construction Equipment unveiled the 12EV, an electric compact wheel loader.

The electric compact wheel loader is said to be suitable for operating in restricted areas, residential construction, tunneling, and sensitive environments such as agriculture, horticulture, urban construction, and areas that require quiet operation, like residential buildings, hospitals, and night-time operations.

Chinese manufacturer Sinoboom has brought its tallest model of diesel-powered telescopic boom lifts to customers

The Sinoboom TB58RJ Plus was launched in 2023 and offers a maximum working height of 60m.

in Australia.

The Sinoboom TB58RJ Plus was launched in 2023 and offers a maximum working height of 60m, horizontal reach of 20.01m (restricted) / 24.4m (unrestricted), and a platform capacity of 300kg (unrestricted) / 454kg (restricted).

Don’t miss any industry news, you can find it all here.