AmeraMex International shares heavy duty equipment expansion plans and rental strategy for cash flow
News release
by
AmeraMex International
AmeraMex International CEO Lee Hamre joins Natalie Stoberman from the Proactive newsroom to discuss the company's growth strategy for further expansion into heavy-duty machinery rentals.
Hamre says AmeraMex aims to build a rental fleet to create cash flow and remain profitable during potential recessions. The company has signed contracts with customers on five year rental contracts and ordered approximately $8 million worth of new machines. AmeraMex is also focused on expanding its rental business, as customers tend to rent instead of buying when a recession looms.
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