ASV Holdings, Inc. (NASDAQ: ASV) announced that it has received a new order for ASV Posi-Track compact track loaders (CTLs), valued at approximately $5 million.
According to ASV, the selection of the ASV RT-40 CTL recognizes the power, performance and serviceability features of the ASV, patented, Posi-Track driven machine that is uniquely suited to rental operators looking to operate a versatile machine in landscaping, general construction and snow clearance. This order, a follow-on from an initial order for ASV VT-70 machines late last year, is from a customer that is a leading industrial equipment rental company with multiple locations and maintains one of the largest industrial equipment rental fleets in North America. Initial deliveries are slated to commence in the second quarter of 2019.
Justin Rupar, vice president of sales and marketing of ASV Holdings, Inc., commented, “We are glad to announce this substantial follow-on order from a great client with an extensive footprint in the growing and strategically important rental markets here in North America. We anticipate these machines will be distributed widely across this broad network, providing the unique ASV experience and unrivaled productivity of ASV compact track loaders to more users across North America. We’re looking forward to continuing to serve this customer with an exceptional product, parts and service platform that is synonymous with the ASV brand.”