Strongco Announces Third Quarter 2016 Results
02.11.2016
Mississauga, Ontario – November 2, 2016 – Strongco Corporation (TSX: SQP) today reported financial results for the third quarter ended September 30, 2016.
Strongco to Hold Third Quarter 2016 Results Conference Call
19.10.2016
Mississauga, Ontario – October 19, 2016 – Strongco Corporation (TSX: SQP) today announced it will hold a conference call on Thursday, November 3, 2016 at 10am ET to discuss the Company's financial performance for the third quarter ended September 30, 2016.
A New Look for the Toronto Blue Jays – On-Time and Under-Budget
06.10.2016
Customer Success Story: Rapid Equipment Rental and Verdi Restoration Ltd.
| Customers | Spiro Marinos, Partner Vito Nardi, Director |
| Companies | Rapid Equipment Rental Verdi Restoration Ltd., a division of Verdi Alliance |
| Location | Toronto, ON |
| Core Business | Large-Scale Concrete Restoration Solutions |
| Strongco Customer | 7 years (Verdi) 3 years (Rapid) |
| Equipment | Volvo EC220E Excavator |
| High-Profile Project 2016 |
Toronto Blue Jays Dirt Infield at Rogers Centre |
The Toronto Blue Jays’ April 8 home-opener loss to the Boston Red Sox at Rogers Centre may not have made history, but it marked another milestone for the team – thanks in part to the experts at Strongco. On that day, for the first time ever, the Jays played on a regulation dirt infield, just like the other 29 major-league teams.
The move from artificial turf to all-dirt was announced in December of 2015; however, work only commenced in March, with an aggressive, three-week timeline that included excavation of the cement floor between the bases and throughout the infield – a total area of approximately 12,000 square feet.
Long-time customers Vito Nardi of Verdi Restoration and Spiro Marinos of Rapid Equipment Rentals, turned to Strongco to recommend the right machine to meet the level of power and precision demanded for the job, while keeping on-time and on-budget.
After preliminary consultation, they determined that the project required a machine in the 20-ton class, powerful enough to work with a 3,000 foot-pound Atlas Copco hydraulic breaker. Ultimately, they settled on the Volvo EC220E as the best fit.
“I’ve experienced every brand of machine and every problem an excavator can have. I didn’t make the recommendation for the Volvo lightly – I made it because over the years our Volvo dealer, Strongco, has given us the support we need so that I can do the same for my customers. That, partnered with the excavator’s capabilities made it an easy recommendation.”
After measuring the outer perimeter of the bases, work commenced on the break-up, but not without a few surprises along the way. In one instance, as the Verdi crew arrived at third base, they encountered a block of concrete measuring five feet deep. Up until that point, they were only working with a 12-inch depth of concrete at most.
While issues such as these can easily throw a project off-schedule, the obstacle soon became a non-issue. “The whole process of breaking and removing that extra concrete took less than an hour with the EC220E, said Nardi. “We kept right on schedule.”
Not only was the EC220E a huge contributor to productivity, working in eight-hour stretches at a time, it completed the job under budget, on less than one tank of fuel, just in time for opening day.
“I’ve experienced every brand of machine and every problem an excavator can have. I didn’t make the recommendation for the Volvo lightly – I made it because over the years our Volvo dealer, Strongco, has given us the support we need so that I can do the same for my customers. That, partnered with the excavator’s capabilities made it an easy recommendation.”
~ Spiro Marinos, Partner, Rapid Equipment Rentals
Source: Volvo Construction Equipment, On-Site Magazine, April 2016.
Strongco Announces Completion of its Sale of Chadwick-BaRoss, Inc.
03.10.2016
Mississauga, Ontario – October 3, 2016 – Strongco Corporation today announced that on September 30, 2016 it completed the sale of 100% of the shares of Chadwick-BaRoss, Inc. for US$12.4 million to Chadwick BaRoss Canada Inc. (the “Purchaser”), an affiliate of ISH Capital Inc.
Oliver Nachevski promoted to Vice President, Construction Equipment
30.09.2016
MISSISSAUGA, ON, September 23, 2016 - Strongco Corporation (TSX:SQP)
Strongco is pleased to announce that Oliver Nachevski has accepted the position of Vice President, Construction Equipment. In this role Oliver will maintain responsibility for Strongco’s Case business in Ontario and additionally be responsible for the Multiline/Volvo businesses in Alberta, Ontario, Quebec and Atlantic regions.
Strongco has made some significant leadership changes this year in order to move the business in a direction that will meet future challenges successfully. “Centralizing leadership in our Construction Equipment business – Multiline/Volvo and Case – will ensure we have strategic alignment across the country to create value for our customers and shareholders”, said Robert Beutel, Executive Chairman of Strongco Corporation.
Oliver’s tenure with Strongco goes back 20 years. In that time he has had a significant impact on many facets of the business from Finance and Credit, to Crane Operations, and most recently leading the Case business successfully in Ontario. With his strong background in finance as well as operations, Mr. Nachevski is well suited to manage this strong team.