News
Up-to-date news at WesternOne.
JUNE 2010
WesternOne opens in Burnaby with a full line of equipment
WesternOne Rentals & Sales proudly welcomes you to our newest store in Burnaby on the corner of Marine Way and Byrne Road. With a full line of equipment, we are open Monday to Friday from 7am to 5pm to serve you. Come visit us at 5744 Byrne Road or give Derrick the Branch Manager a call at 604-834-0021 to find exactly what you are looking for.
APRIL 5, 2010
WesternOne welcomes On Site Equipment (Alberta) to the Family
We are happy to extend a warm welcome to On Site Equipment. More information from an investor relations point of view available
here.
OCTOBER 24, 2009
WesternOne Introduces our brand new dedicated service line
Beginning today, WesternOne Rentals and Sales introduces our brand new dedicated service line. We are happy to offer you a single point of contact over the phone directly for your service needs. Our local phone number will be available during regular business hours dedicated to serving you. As usual, you can expect our friendly and knowledgeable staff ready to help you directly. Try out our new number! Give us a call at 604-945-9440. This dedicated service line is just another way for us to serve you better.
MAY 27, 2009
WesternOne has recently become involved with Unite for Art.
WesternOne has recently become involved with Unite for Art.
Unite for Children, Unite against AIDS is the largest campaign ever initiated to bring the
world’s attention to the global impact that HIV/AIDS has on children and youth.
Unite with Art is a national series of art auctions to benefit a global UNICEF initiative,
Unite for Children, Unite against AIDS. Each event will showcase high-profile international
and regional artists in several mediums. Unite with Art will feature both a live and
silent auction, in addition to entertainment, fine locally-catered cuisine and a host bar.
Through the generous contribution of artists, galleries, sponsors and volunteers, Unite
with Art aims to donate 100% of the art proceeds towards the campaign. The event has
been designed to bring awareness to this important initiative, while also celebrating the
artistic skills and talents of the artists.
APRIL 15, 2009
WesternOne’s very own Sean Geall is on the road to gold as he competes at the Capital One Grey Power Players’ Championship
Sean Geall will be going for gold this weekend in Grande Prairie, Alberta as he and his New Westminster Team go for the gold. The Capital One Grey Power Players’ Championship is the final chance for teams to earn points towards securing a berth at the Canadian Olympic Trials or the Canadian Olympic Pretrials. Good luck Sean from all of us at WesternOne.
Read more about Sean, the Team, and the Championship Capital One Grey Power Championship.
MARCH 27, 2009
Discovery Channel’s “Heli-Logger - Kings of the Woods” Season Premier features Duncan’s South Coast Standing Stem
Logging trees from helicopters is the subject of a brand the new documentary featured on the Discover Channel this weekend. Logging trees from helicopters is also what Duncan’s South Coast Standing Stem does best. Starting their day purchasing their equipment from WesternOne’s Comox store, the Discovery Channel followed the crew as they jumped from worksite to worksite tree falling, jigging and tree climbing. The crew’s specialty is pulling standing tree stems out of the forest using a helicopter with no damage to the tree or surrounding area - no easy feat!
The series provides an in-depth perspective of the crew’s jobs. You can watch the episode http://www.discoverychannel.ca/Showpage.aspx?sid=14705
Comox Valley Record, “TV crew shot scenes in Comox”
Read the full story (PDF)
Canwest News Service, “Hanging out high in the treetops”
Read the full story (PDF)
MARCH 5, 2009
WesternOne’s proudly wishes Sean Geall all the best at Canadian Curling Championships
WesternOne’s very own Sean Geall will be competing at the Brier this weekend among World and Canadian champions for a chance to represent Canada at the 2010 Games, and a spot at the World Championships. Geall has already won the B.C.‘s Men’s Provincial Championships last month beating out Jay Peachey. From March 7th -15th at the Pengrowth Saddledome in Calgary, Alberta, Gaell will compete with six skips who have won one or more Briers, four of whom who have also won at least one world title, and the 2006 Olympic gold medalists. Good luck Sean!
The Maple Ridge News, FEBRUARY 19, 2009
By Robert Mangelsdorf
Geall gets his purple-heart with victory in the provincial final
He needed an extra end to do it, but Sean Geall ended Jay Peachey’s six-game win streak with an 8-7 victory to claim his first B.C. men’s curling championship. The see-saw battle between the two Royal City Curling Club rinks featured five lead changes as both teams aggressively tried to get the upper hand in front of the boisterous crowd at the Golden Ears Winter Club on Sunday. Geall’s team of Brent Pierce at third, Mark Olson at lead, and Maple Ridge’s Kevin Recksiedler at second will represent B.C. at the Brier in Calgary next month.
It was familiar territory for Reckseidler, who grew up curling at the local club and was a member of its junior curling program. “My parents both curled at the club so it was great to see all the same people,” he said. But it wasn’t just the crowd that was familiar – so was the competition. Reckseidler curled with Peachey’s rink for five years, winning the provincial tournament in 2004 with him, while throwing third for Peachey’s rink was fellow Maple Ridge native Grant Dezura. “I’ve known them for years, so I was really comfortable out there,” said Reckseidler.
Peachey’s rink had won six in a row to get to the final, but seemed to run out of gas in the latter ends. After a disappointing 2-4 start to the tourney, Robbie Gallaugher at lead, Kevin Mackenzie at second, Peachey and Dezura were outstanding in the latter half of the week, winning their remaining three draws and a tie-breaker against Jeff Richard’s rink from Kelowna to make the play-offs.
With the win, Reckseidler is off to Calgary for the 2009 Brier, which begins March 7.
Reckseidler, then playing with Peachey’s rink, finished third at the national championships in 2004 and hopes to improve on that result this time around. “It’s pretty much the Super Bowl of curling, and this year’s field could be the strongest yet,” he said. “But I have that experience to draw on, and that’s going to help.” Reckseidler isn’t the only one on his team to have experience at the tournament – Pierce won the Brier as part of Greg McAulay’s rink in 2000. “Brent knows what it takes to win,” said Reckseidler. “It’s not going to be like a deer in the headlights for us.”
NOVEMBER 14, 2008 5:42 PM
B.C.‘s WesternOne Equity Grows in Third Quarter
Vancouver, B.C., Canada-based WesternOne Equity, which has developed a rental network based on the acquisition of several rental companies in western Canada, last week posted a 32.5-percent third-quarter volume increase and a 46.7-percent volume increase for the first nine months of 2008. The increases are largely based on acquisitions that have increased the size of WesternOne’s business.
Revenue for the third quarter was CD $8.8 million (about U.S. $7.2 million), compared with $6.6 million for the same period last year. Revenue for the first eight months was $24.1 million, compared with $16.4 million for the year-ago period.
The acquisitions of C&N Rentals and Deerfoot Rentals in the first quarter of 2008 contributed about $2.1 million in incremental revenue.
The previously operating companies, Production Equipment and Old Country Rentals, contributed third-quarter revenue of $6.7 million, compared to $6.6 million for the year-ago quarter. Revenue from rental and service operation achieved organic growth of 9.6 percent, from $5.01 million to $5.49 million because of strong activities in the construction and vessel maintenance sectors in the summer months.
Gross profit jumped 30.3 percent, or $1.46 million for the three months ended Sept. 30, with $1.37 million coming from C&N and Deerfoot. PE and OCR contributed $4.89 million, compared to $4.74 for the same period a year ago.
EBITDA was $2.86 million for the third quarter, compared to $2.79 million for the third quarter of 2007.
http://WWW.RENTALPULSE.COM, NOVEMBER 16, 2008
WesternOne Equity Income Fund reports 32 percent increase in revenue
WesternOne Equity Income Fund, Vancouver, British Columbia, Canada, last week reported total revenue of $8.81 million for the three months ended Sept. 30, 2008, up 32.5 percent compared to the same period last year.
“We are very pleased with the growth we have achieved both organically and through acquisitions,” said Darren Latoski, CEO. “The growth in revenues is indicative of the strength and diversity of our customers across numerous industries and geographic locations.”
WesternOne Equity Fund previously acquired the British Columbia-based business units of Production Equipment, Old Country Rentals and C&N Rentals and has re-branded them as WesternOne Rentals and Sales.
For the three months ended Sept. 30, 2008, WesternOne Equity generated distributable cash of $2.13 million or $0.1784 per trust unit. WesternOne Equity distributed $1.79 million or $0.15 per trust unit, resulting in a payout percentage of 84.2 percent.
For the nine months ended Sept. 30, 2008, WesternOne Equity generated distributable cash of $5.98 million or $0.5039 per trust unit. WesternOne Equity distributed $5.34 million, or $0.45 per trust unit, resulting in a year-to-date payout percentage of 89.3 percent.
WesternOne Equity has announced a subsequent monthly distribution of $0.05 per unit for October 2008, payable Nov. 14, 2008.
REEL WEST Magazine, SEPTEMBER/ OCTOBER 2008
“One” Year Older
WesternOne celebrates its twenty-fourth year of servicing the film industry
THE VANCOUVER SUN, WEDNESDAY, OCTOBER 22, 2008
Business BC TOP 100
B.C’s STRONGEST & FASTEST-GROWING PUBLICLY TRADED COMPANIES
The Fastest 50 British Columbia’s fastest-growing publicly traded companies
These lists detail two pillars of B.C.’s economy:
Those companies with the fastest growth and those companies with the strongest fundamentals, hence the Fastest 50 and the Strongest 50 combine to form The Vancouver Sun’s Top 100.
The Fastest list is all about balanced growth, not just success in one category of financial performance.
Where other ranking efforts look solely at revenue change, BusinessBC’s sophisticated analysis is based on formulas developed by James Brander of the Sauder School of Business at the University of British Columbia. It takes into account employee growth, revenues, stock performance, and earnings.
The Strongest 50 concentrates on total assets, market capitalization and how the company performs based on those fundamentals (more below.) Nineteen companies, such as Quadra Mining, have both strong fundamentals and continue to grow, so they qualify for both lists.
BusinessBC’s other project partner, Ernst & Young LLP, began by looking at all publicly traded companies with headquarters in B.C. or a significant proportion of business activities located in the province. Shares of most but not all of the companies trade on the Toronto Stock Exchange or the TSX Venture Exchange. Detailed financial information was drawn from annual reports and other sources. Employee numbers were compiled by staff at The Vancouver Sun.
More than 1,000 corporations were reviewed to arrive at this selection. James Brander’s formula was applied to Ernst & Young’s findings and the result was further refined to ensure that companies with balanced growth across the categories received due recognition.
Download the top 50 list (PDF)
http://WWW.RENTALPULSE.COM, SEPTEMBER 2008
WESTERNONE RE-BRANDS ITS B.C. RENTAL HOLDINGS
After recently acquiring three well-established B.C.-based business units, WesternOne Equity Income Fund has launched a new brand and visual identity, WesternOne Rentals and Sales. This initiative will combine the strengths of Production Equipment, Old Country Rentals and C & N Rentals under one banner, creating a streamlined presence in the province’s equipment rental marketplace.
According to CEO Darren Latoski, this initiative is a direct response to the needs of the company’s top customers who operate out of several locations across B.C. He says reorganizing WesternOne’s internal operations and unifying the three businesses will benefit its customers, providing increased access to the company’s equipment fleet across five B.C. retail locations, equipment sales, repair and service departments as well as industry expertise in several equipment rental segments.
Based in Vancouver, WesternOne seeks to acquire predominantly equipment and infrastructure-related businesses primarily located in British Columbia, Alberta and Saskatchewan to generate stable and growing distributions to its unit holders as well as achieve overall capital appreciation.
Steve Taylor, president of sales and marketing, says WesternOne’s goal is to become the largest Western-based company in the equipment rental business. With 25 years’ experience in the local industry, he adds this growth will serve to enhance the customer service experience, which will continue to be provided 24-7 by the same seasoned staff.
In the last two years, WesternOne acquired Production Equipment, a specialist aerial and material handling equipment rental company located in the Lower Mainland, Old Country Rentals, a successful equipment rentals business with two locations in Victoria and C & N Rentals, a leading player in the Victoria and Southern Vancouver Island equipment rental industry for more than 30 years with two locations in the province’s capital, and C & N Rentals, a successful business with branches in Comox and Courtney and a growing presence in the Central and Northern Vancouver Island equipment rental industry.
http://WWW.JOCONL.COM, AUGEST 20, 2008
WesternOne set to shake up equipment-rental world
New Team Members
Terry Monaghan - Comox Valley Sales
WesternOne is please to introduce Terry to our Comox Valley Team. He brings a wealth of expertise, driven and product knowledge to our sales force.
“The management team at WesternOne believe in their people, they have created a great environment for sales and support to flourish.” - Terry Monghan
John Van Mil - Vancouver Inside Sales
WesternOne is please to introduce John to our Port Coquitlam Team. His natural ability in understanding customer demands makes John and excellent addition to
our team. “Just like a good neighbour, we enjoy sharing in the fun.” - WesternOne
WesternOne Success Story - ” We’re very proud of a number of charities and events that we’re involved with such as St. Paul’s Hospital “Lights of Hope” and the Firefighters Burn Unit “Bright Nights in the Park” at Christmas and Variety the Children’s Charity. We’re also very proud to be a small part of the 2010 Olympic Bid ” - Steve Taylor, President. Sales + Marketing
MPPIA - The Motion Picture Production Industry Association of BC. Rep Releaser
Construction in Vancouver - Read the Recent Article
CKNW - Listen to the recent Radio Spot