It looks like R1 is canning some former owners.
It looks like one of the bigger guys in the greater
northwest who was an ax man in the early days of R1. Looks
like he got his due reward. Once again the towing
industry has loyalties and it will be interesting to see
if R1 can do it. So far they've sucked and for all
those who say that it will take time. I just have to
say how much? It will take years for this one to
recover. Thanks and are remember I'm always on my tows
even though R1 isn't!
don't like risk that is not quantifiable. As an
investment banker we would tell clients to resolve all
material litigation so as not to scare off buyers.
Corporate buyers in particular have a "cover your *ss"
mentality while financial buyers are more aggressive. I
don't know of any deal here, but my attennae go up when
I see nuisance suits being settled.
Today's announcement of a settlement with the
Justice Department was the first I had heard of a
If you are going to have a legal problem,
this is the one to have. The Justice Department was
worried Miller had an unfair advantage with it's patents
and technology and forced them to share (for
royalties) this knowlege with competitors.
hope we get in this trouble again.
jerr dan bought dewalt because they wanted to
increase their exposure in the heavy duty field. Just
prior to the purchase dewalt was building their first
rotator. A 70 ton unit for a company in indiana. Before
the unit was complete the purchase was completed and
the unit became a jerr dan/dewalt. My understanding
is that its the only one in the states, there where
2 more exported to japan i believe and that was it
for the rotators. If you call a jerr dan dealer today
they will tell you they do not offer a rotator, and
alot of the dealers don't know they ever did. Now only
2 manufacturers offer them miller and nrc. Jerr dan
however has come a long way and they do make a pretty
nice unit. Their new composite body makes their heavy
duty unit lighter but i don't think it's been in the
field long enough to rate.
the nrc unit is superior to anything that miller
manufactures. Any moving part on the nrc unit has a grease
fitting, the unit is very well built. It just isn't
pretty. Miller offers a more refined unit and will price
it to "make you an offer you can't refuse" i have
been in the business for over 30 years and have used
every type of unit,every manufacturer including home
made pipe booms. The nrc is the best on the market
today, in the heavy duty field. I still don't understand
why you would put money in the pocket of your
competition, buy buying there products.