Looks like consolidation in the rental equipment industy.
Rumor....
"NRW - best known for building FMG''s pilbara rail line - are reportedly running the numbers over EHL given its sharp falls. NRW CEO Jeff McGlinn is a known admirer and wants to diversify the companies exposure and especially likes EHLs east coast operations. That is the rumour doing the rounds at least..."
WHY????
We have a big boom in construction going on at all levels (read thread - construction is boooooming)
and a big shortage of equipment.
What can companies do?
Takeover other companies to gain access to their equipment.
EHL (Emeco) $763,797,279
NWH (NRW Holdings) $783,815,760
BOL (Boom Logistics) $408,278,286
Why not have a cranes division? It is bite size.
Looks like consolidation in the rental equipment...
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