ASV Holdings, Inc. Announces New Agreement with Leading Australian Rental Provider
June 27 2018 - 11:05AM
Business Wire
ASV Holdings, Inc. (NASDAQ: ASV), a leading provider of
rubber-tracked compact track loaders and wheeled skid steer loaders
in the compact construction equipment market, today announced a new
agreement with the largest independently owned industrial equipment
rental “hire” specialist in Australia, Kennards Hire, with over 150
retail locations throughout Australia and New Zealand.
Justin Rupar, V.P. of Sales and Marketing for ASV commented, “We
are pleased to announce that, after working with our Australian
distribution partner, CEG Distributions, to successfully complete
an extensive 18-month trial period, Kennards Hire, a pre-eminent
name in the Australian equipment rental market, has approved ASV as
a supplier of our RT-30 Posi-Track loaders. Kennards Hire, a
family-owned, third-generation business with $336 million in 2017
revenue, a staff of over 1,400 across its 150 locations, is a
dynamic company that has grown as a consolidator in the region.
“Our long term, leading presence in Australia has provided us
with excellent brand recognition and a track-record of providing
high quality equipment and support. We are excited to be in the
position to grow with Kennards, a leading rental organization. The
equipment rental market is among our top growth opportunities and
strategic initiatives, and this new agreement provides an excellent
channel to increased sales in this market,” concluded Mr.
Rupar.
About ASV Holdings, Inc.
ASV Holdings, Inc. is a designer and manufacturer of compact
construction equipment. Its patented Posi-Track rubber tracked,
multi-level suspension undercarriage system provides a competitive
market differentiator for its Compact Track Loader (CTL) product
line with brand attributes of power, performance and
serviceability. It’s wheeled Skid Steer Loaders (SSLs) also share
the common brand attributes. Equipment is sold through an
independent dealer network throughout North America, Australia, and
New Zealand. The company also sells OEM equipment and aftermarket
parts. ASV owns and operates a 238,000 square-foot production
facility in Grand Rapids, MN.
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version on businesswire.com: https://www.businesswire.com/news/home/20180627005918/en/
Investor Contacts:Darrow Associates, Inc.Peter
Seltzberg, 516-419-9915Managing Director, Investor
Relationspseltzberg@darrowir.comorASV Holdings, Inc.Andrew
Rooke, 218-327-5389Chief Executive OfficerAndrew.rooke@asvi.com
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