Bobcat has received two EquipmentWatch 2021 Highest Retained Value Awards for compact track loaders and small skid steer loaders. This is the sixth consecutive year Bobcat has received an EquipmentWatch Highest Retained Value Award.
These are the only awards in the industry that leverage third-party, unbiased data to identify equipment that is projected to best hold its value or offer the lowest cost of ownership over the next five years. Winners were announced during the World of Concrete 2021 trade show in Las Vegas.
“We are honored that our industry-leading equipment is once again recognized for incredible durability, longevity and reliability, providing operators with unparalleled uptime,” says Sarah Peckskamp, product marketing manager – loaders for Doosan Bobcat.
“These awards are a testament to our commitment to customers, and recognition of the significant work hours and value owners receive from their trusted Bobcat equipment,” she added.
The EquipmentWatch awards are based on an extensive analysis of data records, which determines residual values calculated according to market depreciation standards. The Highest Retained Value winners represent product class categories within equipment types projected to retain the highest percentage of original value after a five-year period. Using the Fair Market and Forced Liquidation Values contained in the EquipmentWatch Values product, analysts examine year-over-year depreciation for more than 12,000 models with up to 30 model years of values. Using a proprietary algorithm, the team is able to predict residual values up to 84 months into the future.
Top Gun Acquires Denver’s Emerald Isle Landscaping
Partnership provides the resources to accelerates growth plans and diversify.
Top Gun Facility Services, a portfolio company of Osceola Capital, has acquired Denver-based Emerald Isle Landscaping, expanding the company’s suite of services into the commercial landscape market.
Founded in 1977 and headquartered in Denver, Emerald Isle provides commercial snow removal and landscape maintenance to the Colorado market. The consolidated business now has more than 200 employees.
“On behalf of Emerald Isle’s leadership team, we are thrilled to partner with Osceola and Top Gun to accelerate our growth,” said Andrew Key, president of Emerald Isle Landscaping. “Their capital, experience and enthusiasm will help us continue our pursuit of excellence in commercial landscaping across the Rockies and Southwest, and we’re excited about the opportunity to expand our service offering to existing and new customers.”
Emerald Isle marks the fourth acquisition within the Top Gun platform since its partnership with Osceola Capital and the second acquisition in 2021. In April, Top Gun acquired Zoneez, a leading provider of pressure washing and window washing services to commercial customers in Arizona.
Three Point Group acted as financial advisor to the sellers.
Schill Expands Into Cincinnati
Schill Grounds Management expanded into the Cincinnati market with the purchase of two full-service landscaping companies that have served southern Ohio for a combined 90 years.
The Cleveland-based Schill announced it acquired Ward + Thornton Landscapes, which was founded more than 50 years ago and is based in Maineville, Ohio. Ward + Thornton provides full-service landscape, maintenance, snow management and design-build services to numerous customers in northeast Cincinnati and beyond, including Fortune 500 companies as well as local businesses of all sizes.
Schill also purchased Fredericks Landscaping, which is based in Cincinnati and has been providing full-service landscaping and snow management to customers in Central Cincinnati and Northern Kentucky for more than 40 years.
The southeastern Ohio acquisitions expand Schill Grounds Management’s presence beyond its primary markets of Cleveland and Columbus, and represent the third and fourth acquisitions the company has completed in recent months.
Schill Ground Management will operate out of the existing Ward + Thornton and Fredericks facilities, while approximately 200 employees from the companies will join the Schill family.
“We are delighted to show our new employees and customers in Cincinnati what makes Schill a best-in-class partner for year-round grounds management services,” said Schill Grounds Management President and co-founder Jerry Schill.
Mike Ward, the former owner of Ward + Thornton, will oversee the consolidated operations in the region in a new role as Schill’s Market President for Cincinnati.
Schill, a 2011 Leadership Award recipient, was a recent guest on The Snow Magazine Podcast (Episode No. 54) and talked about his company’s recent merger with Argonne Capital. The move has redirected his role and has afforded him the opportunity to seek out strategic expansion opportunities within the Great Lakes and Upper Midwest landscape and snow markets.
Enter bit.ly/30SFvv6 into your browser to listen to that episode of the podcast.
Kansas City snow fighter Kyle Rose figured there’d be a few setbacks during the construction of his new headquarters, but he never imagined what the last two years had in store for him.
“Sometimes I look back on this entire process and I really can’t believe it,” he says.
Rose’s experiences are detailed in a three-part series featured on The Snow Magazine Podcast. The first episode, From The Ground Up, Rose recounts the trials and tribulations of attempting to launch the project during the pandemic, as well as the miles of bureaucratic red tape he needed to wade through before breaking ground. Episode two, Predictable Is Preventable, Rose provides a progress report and talks about dealing with vandalism, theft, and mounting construction overruns. The final episode in the series will debut in a few weeks when construction is finished and Rose has taken up residence in his new digs. The last dispatch will include a Rose-guided visual walk through of the new headquarters.
So, how did Rose survive the madness of overseeing construction? He says his experience as a snow and ice manager prepared him for the uncertainty and unpredictability of a construction project.
“Being a snow contractor really helps because there’s a lot of patience and a lot of preparation that’s needed to be successful,” Rose says. “It really goes hand-in-hand [with managing a construction project].
“You really have to anticipate problems, just like you do on managing snow and ice,” he says. “There’s a saying: Predictable is preventable. If you can predict something will happen then you can prevent it.”
K + S, Morton Salt Sold for $3.2B
Stone Canyon Industries closes its deal that places the acquired rock salt ops under the Kissner Group Holdings banner and will divest its US Salt subsidiary.
Stone Canyon Industries Holdings LLC, Kissner Group Holdings minority owner and CEO Mark Demetree, and affiliates closed on their acquisition of K+S Aktiengesellschaft’s Americas salt business, including Morton Salt, for a previously disclosed purchase price of $3.2 billion.
The acquisition will be integrated into SCIH’s Kissner Group Holdings, which SCIH acquired in 2020. Kissner is a leading pure-play producer and supplier of salt in North America. Headquartered in Overland Park, Kansas, Kissner produces bulk salt, specialty salt and evaporated salt for consumers, governmental and commercial customers across the United States and Canada.
The K+S Americas operating unit mainly comprises K+S Chile, formerly known as the Chilean company SPL, acquired by K+S in 2006, as well as Morton Salt (USA) and Windsor Salt Ltd. (Canada), acquired in 2009. Morton has more than 3,500 employees located in the U.S. and worldwide.
Mark Demetree, Executive Chairman and CEO of Kissner, said: “The closing of this acquisition is another milestone in our partnership with SCIH, and allows us to continue to expand Kissner’s capabilities to deliver high quality products and service to our customers. We look forward to integrating Morton Salt and the other K+S Americas products into the SCIH family. And going forward, the combined company will be known as Morton Salt.”
SCIH will divest its US Salt subsidiary, based in Watkins Glen, New York, as part of an agreement with the U.S. Department of Justice to proceed with the acquisition. US Salt has been in operation for over 100 years and is operated as an independent entity within SCIH.
Legal Alert: Illinois Snow Pros
Three new laws impact the way Ill. employers hire and retain employees.
Illinois has three new laws on their books that expand employee rights and impact the way business owners hire and retain workers, according to our legal friends at Freeman, Mathis and Gary LLP.
It is now a violation of the Human Rights Act to discriminate against an individual based on his or her prior convictions unless there is a “substantial relationship” between the conviction(s) and the position sought; or granting the employment or continuing the employment would involve an “unreasonable risk” to property or the safety or welfare of specific individuals or the general public, according to recent legislation (SB1480).
And if you were wondering, a “substantial relationship” means the employer must consider whether the position creates the opportunity for the same or a similar offense to occur and whether the circumstances leading to the conviction will recur in the position.
SB1480 amended the Business Corporations Act of 1983 by requiring corporations that file an EEO-1 report with the EEOC to provide the same information to the Illinois Secretary of State, which will publish the information on the gender, race and ethnicity of the corporation’s employees on its website. Corporations must comply with this demographic information report with the corporation’s annual report filed on and after Jan. 1, 2023. The language of the Act seems to suggest that the corporation must report demographic information on all of its employees, wherever they are located, not just in Illinois.
SB1480 also requires private Illinois employers with more than 100 employees to obtain an “equal pay registration certificate” from the Department of Labor by March 23, 2024. Any corporation that does not obtain the certificate or who’s certificate is suspended must pay a civil penalty of 1% of gross profits.