Tag Archive for 'utilities'

AEM Announces: The World’s Largest Heavy Metal Show in 2020:

The World’s Largest Heavy Metal Show in 2020:

Mark Your Calendar to Attend CONEXPO-CON/AGG

3 Steps to Get Ready Now

 

CONEXPO-CON/AGG 2020 is one year out, but it’s not too early to make plans for North America’s largest construction trade show for the asphalt, aggregates, concrete, earthmoving, lifting, mining, utilities and related industries.

“The show is shaping up to be one of the best ever; attendees and exhibitors will not be disappointed!” said Mary Erholtz, CONEXPO-CON/AGG chair, and vice president marketing for Superior Industries. “AEM and our show committees of industry leaders are working to deliver an outstanding event focused on the latest innovations, technologies and best practices to succeed in our changing world.”

At CONEXPO-CON/AGG 2020, big iron and tech will share the stage in Las Vegas, USA on March 10-14, 2020, with more new products, thousands of equipment and technology headliners, and hundreds of industry-driven education sessions. Plus, the Tech Experience returns with two locations.

Take these 3 steps now to punch your ticket to success for your business and career.

  1. Sign up for show alerts to be the first to learn the latest show information – visit http://www.conexpoconagg.com/show-alerts.
  2. Be the first in line to purchase show tickets (Registration opens July 23). Register early to save time and money and get the best hotel rates and availability.
  3. Stay in the know “365” with the show’s online news and trends articles, monthly CONEXPO Radio podcasts and the new CONEXPO Connect digital platform for contractors and off-road equipment buyers.

“Our company has been attending CONEXPO-CON/AGG for three decades now and plans to continue due to the amount of knowledge we gain. CONEXPO-CON/AGG has provided us the resources needed to create greater efficiencies and synergies within our own company,” said Chris Lane of Ronald Lane Inc.

CONEXPO-CON/AGG co-locates with IFPE, the International Fluid Power Exhibition for the fluid power, power transmission, and motion control industries. Association of Equipment Manufacturers (AEM) is a show owner and producer.

CONEXPO-CON/AGG & IFPE 2020 will be held at the Las Vegas Convention Center and nearby Festival Grounds. The show connected campus will feature multiple registration areas and hotel and intra-show shuttles.  

“The show is a critical piece to our workforce development efforts. We send somewhere between 30 and 40 company representatives to Las Vegas to see what’s new and bring relevant information back to our company. It’s a great way to build our team,” said Jarrad Whissell of Whissell Contracting Ltd.

View introductory show video here. Learn more at www.conexpoconagg.com.

 

The Toro Company to Acquire The Charles Machine Works, Inc. 

The Toro Company to Acquire The Charles Machine Works, Inc. 

Parent Company of a Strong Portfolio of Underground Construction Brands 

Including Market-Leading Ditch Witch 

The Toro Company (NYSE: TTC) today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch and several other leading brands in the underground construction market, for $700 million in cash subject to certain adjustments set forth in the definitive agreement. The transaction is subject to regulatory approvals and other customary closing conditions and is currently anticipated to close before the end of Toro’s fiscal 2019 third quarter. More detailed information regarding the transaction is included in an investor presentation available at www.thetorocompany.com.

Headquartered in Perry, Oklahoma, Charles Machine Works designs, manufactures and sells a range of products to cover the full life-cycle of underground pipe and cable, including horizontal directional drills, walk and ride trenchers, utility loaders, vacuum excavators, asset locators, pipe rehabilitation solutions and after-market tools. The company, known as “The Underground Authority” for their deep understanding of the structures and systems in those markets, and the most important needs of underground construction professionals, generated calendar year 2018 revenues of approximately $725 million.

“The addition of Charles Machine Works will further strengthen our portfolio of market-leading brands supported by talented employees, a commitment to innovation, a best-in-class dealer network and long-standing customer relationships,” said Richard M. Olson, Toro’s chairman and chief executive officer. “As an organization, Charles Machine Works aligns well with and will contribute to our own strategic priorities of profitable growth, operational excellence and empowering people. The company expands our business in a meaningful way in an adjacent category we know well through our own specialty construction business and in a market that is attractive given the potential for growth in addressing both aging infrastructure that is currently in place and new infrastructure that will be needed to support next-generation technologies like 5G.” 

“Culturally, our two organizations are very well aligned and, in our past experience, that has been essential to the success of a business combination like this. We share similar people values, performance expectations, business models focused on innovation, brand and channel, and strong community ties. With its rich multigenerational family legacy, commitment to its employees and market leadership position, we have respected and admired Charles Machine Works for a long time. We were excited when joining forces became a possibility, and we know that both companies will be stronger together.”

“Our success is the result of years of hard work and an unwavering commitment to developing innovative solutions for customers,” said Rick Johnson, Charles Machine Works chief executive officer. “From developing the world’s first service line trencher in Perry, Oklahoma, to today’s robust Ditch Witch dealer network, our family of companies is well-positioned to join The Toro Company’s family of brands. We look forward to building upon our founder’s legacy of best-in-class offerings in the expanding underground construction market.”

Toro expects to finance the transaction with a combination of cash on hand and debt, including from additional financing arrangements and borrowings under its existing credit facility. The all-cash purchase price of $700 million represents a multiple of approximately eight times Charles Machine Works’ calendar year 2018 EBITDA, including $30 million of anticipated annual run-rate cost synergies phased in over three years, that Toro intends to achieve through opportunities in purchasing, manufacturing best practices and administrative efficiencies. Toro expects the transaction to be immediately accretive to EPS excluding purchase accounting adjustments and transaction related expenses.

J.P. Morgan Securities LLC acted as financial advisor to Toro and Fox Rothschild LLP and Latham & Watkins, LLP acted as Toro’s legal counsel. Bank of America Merrill Lynch and J.P. Morgan Chase Bank, N.A. have provided committed debt financing to Toro for the transaction. McAfee & Taft A Professional Corporation, acted as Charles Machine Works’ legal counsel.

 

DEWALT Launches New 20V MAX* Brushless High Torque Impact Wrenches

image001image003Three new impact wrenches are ideal for automotive, heavy equipment, and utility install/repair work

DEWALT introduces three new 20V MAX* Brushless High Torque Impact Wrenches. The impact wrenches are available in 1/2 Inch (DCF899) hog ring or detent pin anvils, 3/4 Inch (DCF898) hog ring with retention pin hole anvil and a 7/16 Inch (DCF897) quick release chuck specifically designed for utility applications.

These high-torque impact wrenches feature efficient, brushless motors and with the 5Ah 20V MAX* XR lithium ion battery pack they deliver the power, speed, and extreme runtime required by the professional.  The 1/2 Inch (DCF899) hog ring or detent pin anvil impact wrench delivers 700 ft-lbs of max torque and 1200 ft-lbs of max breakaway torque.

With 3 speeds for application-specific control these impact wrenches offer the convenience of cordless technology and save time by eliminating cords and hoses of electric and pneumatic impact wrenches.  At 8.9 inches long and just 7lbs each, the impact wrenches get into tight spaces easily and are comfortable to use over extended periods of time on the worksite. These impact wrenches feature LED work lights and provide the durability to stand up to jobsite environments.

Whether it’s automotive, farm, or heavy machinery repair, concrete fastening, road or bridge crews, or elevator and iron workers – on the job, power and portability allow for productivity.  The DCF899, DCF897, and DCF898 20V MAX* Brushless High Torque Impact Wrenches are designed for professionals and built Guaranteed Tough® by DEWALT.  For specific sku, pricing and availability, see the chart below.

Catalog # Description
DCF899P2 20v MAX* XR Brushless High Torque 1/2″ Impact Wrench Kit w. Detent Anvil (5.0Ah)
DCF899P1 20v MAX* XR Brushless High Torque 1/2″ Impact Wrench Kit w. Detent Anvil (Single 5.0Ah Pack)
DCF899B 20v MAX* XR Brushless High Torque 1/2″ Impact Wrench w. Detent Anvil (Bare)**
DCF899HP2 20v MAX* XR Brushless High Torque 1/2″ Impact Wrench Kit w. Hog Ring Anvil (5.0Ah)
DCF899HB 20v MAX* XR Brushless High Torque 1/2″ Impact Wrench w. Hog Ring Anvil (Bare)**
DCF898P2 20v MAX* XR Brushless High Torque 7/16″ Impact Wrench Kit w. QR Chuck (5.0Ah)
DCF898B 20v MAX* XR Brushless High Torque 7/16″ Impact Wrench w. QR Chuck (Bare)**
DCF897P2 20v MAX* XR Brushless High Torque 3/4″ Impact Wrench Kit w. Hog Ring with Retention Pin Anvil (5.0Ah)
DCF897B 20v MAX* XR Brushless High Torque 3/4″ Impact Wrench w. Hog Ring with Retention Pin Anvil (Bare)**

 

*Maximum initial battery voltage (measured without a workload) is 20 volts. Nominal voltage is 18.

**Bare tool (battery and charger sold separately).

http://www.dewalt.com/Home.aspx

 

Moody’s Investors Service Reports on How Lower Oil Prices Will Impact the US

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CBE: Drill Sub Trenchless Pipe System Reaps Big Rewards

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