June 28, 2012
Volvo Rents, a worldwide provider of small- to medium-sized construction equipment, announces the expansion of its operations into Iowa with the acquisition of Aerial Platform Experts, a single-location construction equipment rental company located at 3140 West 73rd Street in Davenport, Iowa.
The move comes as U.S. builders continue to increase their spending on construction projects for a second consecutive month, says Volvo Rents.
According to the latest data released by the Commerce Department, construction spending rose 0.3 percent in April, matching a March gain, thanks in part to a pickup in home construction and commercial projects.
It also comes on the heels of a new study by the Associated General Contractors of America that lists Iowa No. 4 in percentage growth of construction jobs for the 12 months ending in February.