News Articles for Rentco

As Rentco embarks on its next chapter, Bob Shier reflects on its journey to becoming a national business.

Emeco Holdings has made its fifth big acquisition in the past three years, acquiring Queensland-based Matilda Equipment for $80 million while also announcing a $90 million capital raising to fund the purchase.

Perth-based Emeco Holdings has gone into a trading halt ahead of announcing fresh merger plans, with Queensland-based Orionstone and Victoria-based Andy's Earthmovers earmarked as the other players.

A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.

Emeco Holdings managing director Ken Lewsey has resigned as the company continues to push towards profitability.

Plans by Emeco Holdings to diversify and accelerate its growth through M&A deals have come to naught, after the mining equipment supplier announced today its agreed takeover of Perth company RentCo and its merger discussions with Queensland competitor Orionstone had both been terminated.

Emeco Holdings has entered merger discussions with Queensland-based Orionstone, three weeks after the rival mining equipment supplier proposed a nil-premium merger.

The takeover negotiations facing mining equipment supplier Emeco Holdings got more complex today after it received a merger proposal from Queensland-based competitor Orionstone, which has also pushed for Emeco to scrap its planned purchase of truck rental company Rentco.

The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.

Emeco Holdings has postponed the $75 million purchase of truck rental business Rentco, as it seeks to address criticism of the deal from some of its biggest shareholders.

Emeco Holdings has diversified its business outside the mining sector by purchasing truck and trailer rental company Rentco, which was founded in 1994 by Perth brothers Bob and John Shier, in a structured deal worth at least $52 million.