# Emeco, Orionstone and Andy's Earthmovers agree to merge

Emeco, Orionstone and Andy's Earthmovers have agreed to merge after winning support from a dissenting bondholder, Black Diamond Capital Management. The combined company would be one of the five largest equipment rental companies in Australia.

- Type: Acquisition
- Announced: 2016-12-16
- Where: Australia
- Status: announced
- Products: earthmoving equipment rental
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Emeco](https://endata.com/companies/20808.md)
- [Orionstone](https://endata.com/companies/20809.md) (target)
- [Andy's Earthmovers](https://endata.com/companies/20810.md) (target)

## Sources

- [rermag.com](https://www.rermag.com/news-analysis/headline-news/article/20951650/three-major-australian-earthmoving-rental-companies-create-mega-merger-with-emeco), 2016-12-16: "Notwithstanding the outcome of yesterday’s creditors’ scheme meeting, it is very positive that all stakeholders, recognizing the strategic rationale, industrial logic and value creation opportunity of the transaction, have continued to work collaboratively and constructively."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.