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Sammons Enterprises, Inc. is a diverse holding company composed of financial services, industrial equipment, real estate investment, and infrastructure businesses operating in six countries. Headquartered in Dallas, Texas (US), Sammons was established by Charles Sammons [ 1 ] in 1938.
A retention of title clause (also called a reservation of title clause or a Romalpa clause in some jurisdictions) is a provision in a contract for the sale of goods that the title to the goods remains vested in the seller until the buyer fulfils certain obligations (usually payment of the purchase price).
The company produced its first portable steam engine in 1876, which is now on display at the Smithsonian Institution. [5] In 1957 Case made the 320 Construction King backhoe loader. [6] Since 1969 Case has manufactured skid steers, starting in Burlington, Iowa and later moving production to Wichita. [7]
There are three main options for financing business equipment: loans, leases and sale-leasebacks. Even the best equipment loan may require a down payment of 10 to 20 percent, but you own the ...
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It was a leading global multi-national owned by First Reserve Corporation and company management. In February 2011, General Electric Co. agreed to buy oil-field equipment maker Dresser Inc. for $3 billion, expanding its biggest industrial unit. GE acquired Dresser from funds managed by Riverstone Holdings LLC and First Reserve Corporation.
The company is the world's largest manufacturer of construction equipment. [ 3 ] [ 7 ] [ 8 ] In 2018, Caterpillar was ranked number 73 on the Fortune 500 list [ 9 ] and number 265 on the Global Fortune 500 list. [ 10 ]
In 1976, Meyer and his business partner Darrell Larson became minority shareholders in the company. In September 1977 Larson and Meyer opened a second dealership in Lisbon, North Dakota. Titan Machinery was founded in 1980 when Meyer and Larson bought out the majority shareholders of Meyer-Jones Farm Store.