Day: December 27, 2021

Takeuchi has named GT Mid Atlantic locations in Folcroft, Pennsylvania; Vineland, New Jersey; and Freehold, New Jersey as dealers. All three locations will sell and support Takeuchi’s compact equipment, including excavators, track loaders and wheel loaders.

GT Mid Atlantic will add sales professionals at the locations to support the product line. GT Mid Atlantic, an entity of Groff Tractor, serves Maryland, New Jersey, Delaware and the Philadelphia area.

P&K Equipment acquires Standridge Equipment Co.

P&K Equipment has acquired two John Deere stores from Standridge Equipment Co., expanding its footprint to 20 locations throughout Oklahoma and Arkansas.  

P&K will retain most Standridge employees, including Trey Adams and Josh Adams, who will continue to lead the Chickasha, Oklahoma and Duncan, Oklahoma locations.

Doosan expands Canadian presence

To better serve customers in Manitoba, Doosan North America is partnering with C&C Rentals. The Brandon, Manitoba-based location will offer Doosan crawler excavators, wheel excavators, mini excavators, wheel loaders, log loaders and material handlers.

JESCO celebrates 10 years with Ditch Witch

JESCO is marking the 10th anniversary of its partnership with underground utility equipment manufacturer Ditch Witch.

JESCO says it has sold more than 2,000 mini-skid steers, nearly 3,000 Hammerhead moles and almost 500 vibratory plows across all locations during the past decade. The dealership serves the Mid-Atlantic and Northeast markets.

MANUFACTURERS & SUPPLIERS

Blastrac, Diamatic to be rebranded as Husqvarna Construction

Husqvarna Construction has announced it will be rebranding its Blastrac and Diamantic surface preparation products and integrating them into the Husqvarna offering.

The first wave of rebranded products will launch in mid-2022 and will complement the Husqvarna’s existing lineup of floor grinding, scarifying and scraping equipment. The second wave targeting spring 2023 will include shot-blasting solutions and associated dust extractors.

Husqvarna acquired Blastrac in January 2021.

Sullair acquires Compressor-Pump & Service

Sullair has acquired its Salt Lake City-based distributor, Compressor-Pump & Service. CPS will continue to operate under the same name while servicing, selling and renting Sullair industrial and portable compressed air equipment.

The distributor serves an 83-county territory which spans Utah, Northern, Central & Western Nevada, Southeastern Oregon, Central & Southern Idaho, and Southwestern Wyoming. All employees will remain with the company through the transition.

First Financial to acquire Summit Funding Group

First Financial Bancorp. has entered into an agreement to acquire Cincinnati-based Summit Funding Group, the fourth largest independent equipment financing platform in the United States. 

Summit will operate as a subsidiary of First Financial, with all current associates continuing in their positions, including Founder and CEO Rick Ross. The transaction is expected to close in 2021.

Gearflow Named one of 2021’s ‘Most Disruptive MBA Startups’

Poets&Quants has named Gearflow.com, a construction equipment parts marketplace, one of 2021’s “most disruptive MBA startups.” The honor recognizes startups that have the greatest potential for lasting beyond business school.

Gearflow aims to solve the fragmented parts procurement process and its related strain on construction productivity, by allowing equipment owners to quickly find the parts they need from trusted suppliers.

To date, Gearflow has raised $4.6 million, which includes a $3-million seed round in June 2021 and a strategic partnership with CNH Industrial, the parent company of Case Construction Equipment and New Holland Construction Equipment. 

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Work is expected to begin in January on widening a major freight highway in southern Illinois.

The $67.6 million project will expand 9 miles of Interstate 57 from four to six lanes between state highways 149 and 154. This is the next phase of a $264 million plan to widen I-57 in southern Illinois.

The interstate is part of the National Highway Freight Network. The southern Illinois section handles 40,000 vehicles a day, 14,000 of which are trucks. The widening announcement follows advance construction beginning on another major freight corridor through Illinois. The $1.2 billion I-80 reconstruction project will rebuild 16 miles of the interstate, which leads to the largest inland port in North America.

Governor JB Pritzker called the widening project “the most significant investment in I-57 since its original development.” He said it would improve safety and the reliability of the freight network, create jobs and support regional economic development.

The next widening phase follows the expansion of I-57 by 4.5 miles south of West Frankfort, completed in 2020, and the ongoing widening north for 3.5 miles. The construction is being funded by the $33.2 billion Rebuild Illinois program enacted in 2019 with a doubling of the state’s gas tax and with federal funds.

The upcoming project will occur near Benton and also includes installing median barrier, resurfacing the existing lanes, updating deficient guardrail, and adding rumble strips, according to the Illinois Department of Transportation. The bridges over the Big Muddy River will be replaced. The phase is expected to be completed in 2025.

Future phases will eventually widen I-57 to Mt. Vernon, reconstruct the I-57/64 interchange with Illinois 15 and replace three bridges, at an estimated cost of $164 million, also to be paid for by Rebuild Illinois.

“The I-57 corridor is one of the most important in our system, but it’s prone to backups and congestion that can spill over into neighboring communities,” said Illinois Transportation Secretary Omer Osman. “Under Gov. Pritzker, we are transforming I-57 to accommodate 21st century transportation, as we are doing throughout Southern Illinois and the entire state.”

 

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