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September 24, 2016 • Vol. XX • No. 20 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
University Welcomes New $200M Student Center By Cindy Riley CEG CORRESPOnDEnT
Thousands Attend Rebranded PWX Event…10
AASHTO Names 12 Project Finalists…16
For the first time in more than three decades, the University of Kentucky’s student center is getting a makeover. Construction crews in Lexington have gutted a large portion of the historic structure, which provides dining, recreational and entertainment options, and houses the Center for Student Involvement and Student Government Association. “The student center is undergoing its first renovation and expansion in over 30 years,” said John Herbst, the student center’s executive director. “Planning started in spring of 2014, and the brand new facility is slated to open January 2018. “The original student center was completed in 1938. With additions happening in 1963 and 1982, the facility we’ve come to know and love has exhausted its original intentions. see UNIVERSITY page 30
SEI Pu rchas es New Grov e Crane…22
Table of Contents ................4 Snow & Ice Section ......35-39 Parts Section ......................42 Off-Road Trucks Section ........ ......................................53-71 Paving Section ..............79-89 Business Calendar ............90 Auction Section ............94-97 Advertisers Index ..............98
Chris Franklin photo
The 1963, the 1982 and bookstore structures were completely demolished to make room for the expansion.
Infrastructure Ritchie, IronPlanet CEOs Issues Bridge Discuss Recent Acquisition Partisan Divide Recently, the Association of Equipment Manufacturers (AEM) found that half of registered voters say the nation’s infrastructure has gotten worse over the last five years, and a majority of voters said roads and bridges are in “extreme” need of repair. The findings were part of a new national poll commissioned by AEM to gauge voter perceptions and attitudes about the current and future state of U.S. infrastructure amid a high-profile election. The poll found that registered voters, regardless of political affiliation, recognize the see INFRASTRUCTURE page 97
Ritchie Bros. Auctioneers Incorporated and IronPlanet have jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for approximately $758.5 million, subject to customary closing adjustments. The deal is expected to be finalized in the first half of 2017. Following the announcement, Ravi Saligram, CEO of Ritchie Bros., and Gregory J. Owens, chairman and CEO of IronPlanet, spoke to Construction Equipment Guide (CEG) about what the future holds. A Change in IronPlanet’s Plans Despite early indications that IronPlanet was to eventually go public, the company decided that the Ritchie Bros. plan was more desirable and a better investment for IronPlanet investors. “After strong consideration of an IPO and combining with Ritchie Bros., our board unanimously agreed that the best outcome for IronPlanet’s employees and shareholders see ACQUISITION page 74