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January 7, 2009
Exclusive Report: Giants 2006

Giants 2006 Listings



September 1, 2006


By Larry Stewart, Executive Editor

Rank Company Equipment Replacement Value ($ in millions) Comments
* Equipment-replacement values are compiled by Construction Equipment magazine using information provided by the individual companies. When figures were not provided (identified with an asterisk), Construction Equipment estimated fleet value. The Construction Equipment Giants list (a portion of which is published here) represents as closely as possible all firms that own fleets with replacement values of $25 million or more. For past Giants data, please click here. If you feel your firm qualifies as a Giant, please write to Larry Stewart, Construction Equipment, at lstewart@reedbusiness.com or phone 314-962-0639.

For more 2006 Giants information, click here.
1 United Rentals, Greenwich, CT $4,000 Purchased Carter Rental in Valdosta, GA; annual revs $10 million
2 U.S. Army Engineers, Ft. Leonard Wood, MO $3,267 Worldwide fleet of construction and support equipment
3 Martin Marietta Aggregates, Raleigh, NC $3,024* Invested $56 million to improve plant productivity in 2006's record Q2
4 Lafarge North America, Reston, VA $2,638* Acquired Ritchie Cos. in Wichita in November 2005
5 Hanson North America, Neptune, NJ $2,420* Acquired 13th largest aggregate producer in U.S., Materials Service Corp.
6 Sunbelt/NationsRent, Charlotte, NC $2,200 Parent, Ashtead, is buying NationsRent; forming rental's new No. 3
7 Inco, Toronto, ON $2,093* Trying to merge with Phelps Dodge; become 2nd largest nickel producer
8 Hertz Equipment Rental (HERC), Park Ridge, NJ $2,075* Investors that bought Hertz are taking the company public
9 Peter Kiewit Sons, Omaha, NE $1,900 Stockton, CA, precast yard will cast 878 panels for Oakland Bay Skyway deck
10 Vulcan Materials, Birmingham, AL $1,892* Raising capacity of Sac Tun quarry on Yucatan from 9 to 12 million tons
11 GE Energy, Stamford, CT $1,736* Provides power-plant clients with construction ability
12 RSC Equipment Rental, Houston, TX $1,696* Atlas Copco expects to close sale of RSC in Q3 2006
13 Cemex North America, Monterrey, NL $1,508* Adding a second kiln at Balcones Cement Plant in New Braunfels, TX
14 Phelps Dodge Mining, Phoenix, AZ $1,430 Plans to best Teck Cominco's offer to buy Inco
15 APAC, Russell, KY $1,400 Parent, Ashland, is negotiating sale of paving subsidiary to OldCastle
16 Arch Coal, St. Louis, MO $1,300 Income from Q1 2006 operations ($94.1 million) tripled previous year's
17 BNSF Railway, Fort Worth, TX $1,250 Q2 2006 freight revs up 18 percent, or $549 million, over 2005
18 MDU Resources, Bismarck, ND $1,200 Acquired Cascade Natural Gas in WA and OR
19 Kennecott Services, Salt Lake City, UT $1,151* Investing $170 million to stretch Bingham Canyon Mine's life to 2017
20 Marathon Oil, Houston, TX $1,100* Acquired leases in Colorado Piceance Basin, adding 900 bcf of natural gas
21 BHP Billiton, San Francisco, CA $1,085* Developing Shenzi field in Gulf of Mexico and Canada's EKATI diamond
22 Great Lakes Dredge & Dock, Oak Brook, IL $1,000 Rock dredging is a specialty of this dredging contractor
23 Drummond Co., Jasper, AL $980 Ranks in the top 25 percent of U.S.-owned coal companies
24 Oldcastle Materials, Washington, D.C. $925 Largest U.S. asphalt producer; attempting to buy APAC
25 Newmont Mining, Denver, CO $900* About 38% of sales and gold reserves are in North America
26 North Carolina DOT, Raleigh, NC $900 State road maintenance
27 Granite Construction, Watsonville, CA $800 Will take $87 million of a $347.9 million bridge JV near Baton Rouge
28 NES Rentals, Chicago, IL $800 Sold for $850 million to private equity firm Diamond Castle Holdings
29 Maxim Crane Works, Pittsburgh, PA $744* Hired Goldman Sachs to "explore strategic alternatives" including sale
30 Peabody Energy, St. Louis, MO $737* World's largest coal company
31 Aggregate Industries, Bethesda, MD $697* Acquired Meyer Material near Chicago for $231 million in June
32 Texas DOT, Austin, TX $650 State road maintenance
33 Waste Management, Houston, TX $650 Enviro-services giant converted 495 vehicles from diesel to natural gas
34 H & E Equipment Services, Baton Rouge, LA $600* Bought Southern California's Eagle High Reach for $59.9 million
35 Cleveland-Cliffs, Cleveland, MI $561* Largest producer of iron ore pellets in North America
36 Virginia DOT, Suffolk, VA $534 Highway department maintains 10,000 pieces of rolling stock
37 Syar Industries, Napa, CA $520 Materials producer operates seven quarries in California
38 Florida Rock Industries, Jacksonville, FL $505 Record net income of $58.3 million in Q3 2006 is 27% better than 2005
39 North American Coal, Dallas, TX $504* Top 10 U.S. coal producer mines about 35 million tons per year
40 FirstEnergy, Akron, OH $500 Diversified energy firm owns 7 electric utilities serving OH, PA and NJ
41 Grupo Mexico, Colonia Roma Sur, DF $500* World's third largest copper producer, owns ASARCO
42 International Mill Service, Horsham, PA $500 Slag processing subsidiary of Envirosource Inc; 51 sites
43 Modern Continental Construction, Cambridge, MA $500 Working five contracts in Cambridge worth total of $34.1 million
44 Pennsylvania DOT, Harrisburg, PA $500 State highway maintenance
45 Qwest, Englewood, CO $500 Macro Capacity fiber optic network spans 190,000 miles globally
46 Weyerhaeuser, Federal Way, WA $500* Reported 2005 earnings of $733 million, down from $1.3 billion in 2004
47 Syncrude Canada Ltd., Ft. McMurray, AB $489 Canadian Oil Sands acquired Canada Southern Petroleum in June 2006
48 Southern Company, Atlanta, GA $466* Operates Alabama, Georgia, Gulf, and Mississippi Power; Savannah Electric
49 Elmo Greer & Sons, London, KY $465* Uses DTSystems dispatching system
50 Exelon, Chicago, IL $462* Merger with PSEG expected to close in third quarter
51 Pittsburg & Midway Coal, Englewood, CO $460 Subsidiary of Chevron operating five mines
52 All Erection & Crane Rental, Cleveland, OH $457* Largest privately owned crane firm in North America; 25 locations
53 Verizon Communications, New York, NY $450* One of the 10 largest U.S. commercial fleets; Giants value excludes autos
54 Georgia Pacific, Atlanta, GA $431* Bought Insulair, maker of paper cups and lids, for $170 million
55 Aggreko North America, New Iberia, LA $428* Focused on renting power, temperature control and oil-free compressed air
56 Neff Rental, Miami, FL $420 In 2005 Odyssey Investment acquired for about $510 million
57 Clark Construction, Bethesda, MD $400 Started Phase 1 of Houston's Hobby Airport expansion in June 2006
58 Freeport Indonesia, New Orleans, LA $400 Precious-metals miner (mostly copper) operates mine in Irian Jaya, Indonesia
59 Teck Cominco, Vancouver, BC $376* Trying to get in front of Phelps Dodge with a hostile takeover of Inco
60 AMECO (American Equipment Co.), Greenvillle, SC $375 Supplying most equipment to build Mexico's El Cajon hydroelectric dam
61 United Contractors Midwest, Springfield, IL $365 Two years into $172-million reconstruction of I-74 thru Peoria
62 Las Vegas Paving, Las Vegas, NV $356 Produced and laid 1 million tons of asphalt each year since 1992
63 Barrick Gold, Toronto, ON $355* Acquired Placer Dome; became world's leading gold company with 27 mines
64 Bechtel, Louisville, KY $350 Motiva hired Bechtel/Jacobs JV to expand refinery at Port Arthur, TX
65 Essex Crane Rental, Buffalo Grove, IL $350* Operates rental fleet of over 420 lattice-boom crawler cranes, up to 300 tons
66 The Vecellio Group, West Palm Beach, FL $350 Bought Sharpe Bros. and organized all NC asphalt work under Sharpe name
67 North American Energy Partners, Spruce Grove, AB $343 Started up Hitachi EX8000 shovel/maintenance facility at CNRL's Horizon Mine
68 Allied Waste Industries, Scottsdale, AZ $340 Operates 163 transfer stations, 169 landfills, 57 recycling facilities in 37 states
69 Safety-Kleen, Columbia, SC $340 Operates more than 200 collection and processing facilities in North America
70 Consolidated Edison, New York, NY $330* Energy company will invest $5.3 billion in infrastructure over three years
71 T.J. Lambrecht Construction, Joliet, IL $328 Highway-and-heavy firm operates over 800 pieces of heavy equipment
72 International Coal Group, Ashland, KY $325* Organized by W.L. Ross & Co. to acquire bankrupt Horizon Natural Resources
73 Weeks Marine, Cranford, NJ $325 Value includes Healy Tibbitts Builders, of Hawaii
74 Ahern Rentals, Las Vegas, NV $325* U.S.' largest privately owned rental business operates 3,100 units
75 Clyde Companies, Orem, UT $324 $90 million contract to rebuild 12300 South interchange on I-15 in Utah
76 RJM Construction, Las Vegas, NV $315 Mining contractor
77 Los Angeles Dept. of Water & Power, Los Angeles $305 Nation's largest municipal utility
78 Falconbridge, Toronto, ON $304* Xstrata worki