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Industry Beat ("Industry Beat" continued from page 17) IN THE NEWS Screen Machine's Cohen Speaks at Republican National Convention CERF Inc. has signed a nonbinding letter of intent to acquire a private oilfield equipment rental company located in Alberta, Canada. The current management team of the oilfield rental company is expected to manage and grow the new business unit. The closing of the transaction is subject to the parties entering into a definitive share-purchase agreement, and usual closing conditions. Steven Cohen, president of Screen Machine Industries, based in Ohio, addressed the nation on Wed. Aug. 29, at the 2012 Republican National Convention in Tampa, Fla. AED Anniversary Awards AED has selected WTP Exchange, for the second year running, as its Preferred Provider for Like-Kind Exchange (LKE) services. WTP Exchange is an affiliate company of WTP Advi- sors, an award-winning global tax and business advisory firm. Under Internal Revenue Code Section 1031, no gain or loss is recognized when companies sell business property and acquire property that is like-kind. For AED members, this means that dealers that routinely dispose of heavy equipment and vehicles can realize substantial benefits from an LKE Program. AED's Executive Vice President Bob Henderson (center) presented a 50-year award to Riggs CAT in Little Rock, Ark. Vice President & General Manager Sean O'Keane (left) and President John Riggs IV accepted the plaque. The U.S. Department of Transpor- tation's Pipeline and Hazardous Materials Safety Administration (PHMSA) recently announced more than $1.5 million in grants to 22 states to strengthen and support pipeline damage prevention programs. Excava- tion damage is the No. 1 cause of pipeline accidents resulting in fatality or injury and can cost states millions of dollars in repair work and property damages. Since 2002, excavation damage resulted in over $190 million in property damage nationwide. Power Motive, a division of Wagner Equip- ment Co., received its 50-year member- ship award – pictured left to right: Wagner Vice President of Product Support Mike Quirk, and Power Motive's president and vice president, Bob Davis and Mac Blount. Intermountain Bobcat recently opened a new 12,500-square-foot facility in West Valley City, Utah, with easy access off Hwy. 21. The building, which houses sales, administrative offices, parts and rental, features open ceilings and sustainable materials such as stained concrete floors. The service shop was built for efficiency and 18 | www.cedmag.com | Construction Equipment Distribution | October 2012 comfort, with glass roll up doors and floor-to-ceiling windows to bring in natural light. Photo by Rich Fredericks. Terex has named SES, Inc. as a full line distributor of Terex compact construction equipment and Terex Fuchs material handlers. SES serves customers in the Greater Chicago area and Northwest Indiana. Colorado Congressional Hopeful Joe Coors Visits Wagner Equipment Wagner Equipment Co., the Cater- pillar dealer based in Aurora, Colo., hosted Republican congressional candidate Joe Coors at their head- quarters on Sept. 10. Coors is running in Colorado's 7th congressional district against incumbent Democrat Ed Perlmutter. Pictured left to right: Mike Quirk, vice president of Product Support and AED's vice chairman; Joe Coors; Bruce Wagner, president and CEO; and Scott Wagner, regional sales manager.