Jay Early, HERC
international VP, added at the time: "Our success in Saudi Arabia, expansion into Qatar and our franchise in Iraq reflect our confidence in ongoing development in the Middle East.
With Barb and Maryann on board, HERC
now has a full C-level team with substantial managerial and governance experience to execute its growth plan and remains on track for its mid-2016 separation from Hertz Global Holdings," said Larry H.
is a North American equipment rental company with operations in the Middle East and China along with a presence in seven other countries through franchise partnerships.
Hertz will receive the net cash proceeds from a HERC
spinoff of approximately $2.
Doctors, not distant government technocrats from the HERC
, are best positioned to evaluate a given treatment's potential to help a particular patient.
Arpielle is HERC
's fifth acquisition in the past twelve months, and is another significant step in our commitment to diversify HERC
geographically as well as to expand its product and service portfolio," commented Mark P.
is present in the Middle East as an owner-operator in Saudi Arabia and Qatar and local dealerships under franchise agreements in Afghanistan, and most recently, Iraq - after a deal was signed in October with the Khudairi Group, which has locations in four major cities.
also has acquired Pioneer Equipment Rental and Sales, a leading Oklahoma-based construction and industrial equipment rental company, focused primarily on rentals to the industrial and construction markets, that services the Oklahoma, Southern Kansas and Northern Texas markets.
Through this acquisition, HERC
will push deeper into Oklahoma's equipment rental market and reach a broader base of contractors and industrial businesses.
From January 2016, HERC
Iraq will then add a range of earthmoving, power, aerial, material handling, electrical and compressed-air equipment.
7m) in new revenues to HERC
and the figure is expected to quickly surpass USD10m thanks to the businessa[euro](tm) expansion.
Our diverse line of equipment includes a wide variety of pump and power equipment and enables us to tap deeper into these high potential markets," said Lois Boyd, HERC