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September 28, 2016 • Vol. XXIX • No. 20 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
Tech-Driven Complex to Entertain Nashville A rendering of the Topgolf Nashville facility.
Aria Group Architects rendering
Contractor Helps His Customers Relax…8
By Cindy Riley CEG CORRESPONDENT
Guests Line Up to Try New D6N Dozer…12
Dit ch Witc h of Geor gia Host s Reopeni ng…20
Table of Contents ........4 Paving Section ......39-52
Despite some less than ideal site conditions, crews are making significant progress on a multi-million dollar, technology-driven driving range and entertainment complex in Tennessee. Dallas-based Topgolf International Inc. is expanding into Nashville, in an effort to open 10 facilities annually, for the next three years.
“The construction of the venue so far is coming along nicely,” said Drew Boatman, Topgolf project manager. “There have been some unforeseen challenges to date with a site that requires some intense utilities, but the contractor has been diligent in reporting the issues in a timely matter where our entire project team has been able to overcome them without causing delay in the project.”
La. Prepares Ritchie, IronPlanet CEOs Against Budget Discuss Recent Acquisition Uncertainties
Off-Road Trucks Section ..............................56-76
By Melinda Deslatte
Parts Section ........78-79
BATON ROUGE, La. (AP) Louisiana borrowed $187 million Aug. 30 to keep money flowing to state-financed construction work, with continued budget uncertainties and the recent flooding damage raising questions about which projects will proceed. The Bond Commission, which oversees construction spending, approved the general
Business Calendar ......84 Auction Section ..98-105 Advertisers Index ....106
see TOPGOLF page 82
Arco Murray photo
Despite some less than ideal site conditions, crews are making significant progress on a multi-million dollar, technology-driven driving range and entertainment complex in Tennessee. Dallas-based Topgolf International Inc. is expanding into Nashville, in an effort to open 10 facilities annually, for the next three years.
ASSOCIATED PRESS
see FUNDS page 28
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 was to combine with Ritchie Bros,” Owens said. “This combination recognizes the value of IronPlanet’s proven technology see ACQUISITION page 88