News

In late December, Ford Motor Co., Dearborn, Mich., announced it completed the sale of the Hertz Corporation, which includes Hertz Equipment Rental, to an investment group of private equity firms. Composed of Clayton Dubilier & Rice, The Carlyle Group, and Merrill Lynch Global Private Equity, the investor group purchased the equity of Hertz in a […]

Tempe, Ariz.-based CIT Construction, a unit of CIT Group, Inc. and provider of financial services to the construction industry, recently announced the results of its 30th annual industry forecast. The 2006 outlook, based on telephone interviews with more than 900 contractors and equipment distributors across the country, reveals that for the third year in a […]