According to Forbes, JLG benefits from the consolidation of the industry by deriving 45 percent of sales from 12 of the largest equipment rental companies, including United Rentals and NationsRent. JLG President and CEO William Lasky, who assumed the additional role of chairman of the board on Feb. 1, discusses the impact of consolidation in the February 2001 issue of Rental Management. I think consolidation is a good thing . It is born from the need to become more efficient.
Market forces dictate it.
The net result is that industries become more efficient, productive and all stakeholders benefit. So, we must continue to become better in our operations to ensure we continue to provide products and services that add value. Lasky replaces the retiring JLG chairman, L. David Black, as chairman of the board. JLG Industries, Inc., McConnellsburg, Pa., produces mobile aerial work platforms, telescopic material handlers and telescopic hydraulic excavators.