Emeco

Emeco Holdings invested in a large package of strategic core assets comprising mainly 240-t haul trucks and Cat D10/D11 dozers, paying a A$20 million deposit. Delivery and preparation are expected throughout the second half of 2019.

Emeco Holdings has agreed to acquire Queensland-based equipment rental company Matilda Equipment for about $80 million.

Mining equipment supplier Emeco plans to buy equipment rental and maintenance business Force Equipment for $69.8 million. The acquisition will improve scale in earthmoving rental and add maintenance facilities in Perth, Port Hedland, Kalgoorlie and Mackay.

Heavy equipment supplier Emeco Holdings has launched a fully underwritten $20 million capital raising to fund its three-way merger with Orionstone and Andy’s Earthmovers.

Emeco completed a three-way merger, creating an entity with about 800 machines in its rental fleet with a fair market value of A$434.1 million as of June 30, 2016.

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.