Construction Equipment Heavy Leasing Rental

Ring Power is a privately held corporation headquartered at the World Commerce Center in St. Johns County, Florida, midway between St. Augustine and Jacksonville.

History

The company was founded in 1961 by L.C. "Ring" Ringhaver, who gave up shrimp boat building to become a Caterpillar engine dealer in St. Augustine, Florida. The following year, they became a full line dealer and relocated to Jacksonville. In 1973 they moved to a 38-acre (150,000 m ² ) site on U.S. Route 1 (locally known as Philips Highway) and Baymeadows Road on the southside. As the business grew over the next 25 years, the product lines expanded and more divisions were added. The property in Jacksonville eventually became a complex of seven buildings with 250,000 ft² of space. At the end of the century, they ran out of room to expand and the character of Philips Highway had changed from industrial to commercial. The decision was made to find a new home with at least 100 acres (0.40 km ² ). The result of the search was the purchase of 100 acres (0.40 km ² ) at World Commerce Center along Interstate 95 in St. Johns County. A $1.6M incentive package was approved by the St. Johns County Commission and construction began in the Fall of 2003 on a 414,000 ft² facility. Most of their old property along Philips Highway was sold for redevelopment and Ring Power moved to their new headquarters in March, 2005. Lowes purchased 16 acres (65,000 m ² ) and built a home improvement store. BJ's Wholesale Club was constructed on an 18-acre (73,000 m ² ) parcel. Ring Power retained the 4 acres (16,000 m ² ) at the north end of the property for a Ring Lift truck center.

Locations

The port facilities in Jacksonville and Miami allow the company to export equipment almost anywhere in the world. Ring Power has over 2000 employees at branches in 19 cities throughout Florida and offices in California, Georgia, New Jersey, North Carolina, South Carolina and Texas. Customers can purchase, lease or rent new & used Caterpillar industrial equipment. Ring Power also handles machines made by Kalmar, Trail King, Multiquip, Manitowoc, Grove, Gradall, National Crane, Rosco, Gomaco, Phoenix Products and others.

Divisions

• Heavy Equipment Division
• Power Systems Division
• Cat Rental Store
• Lift Truck Division

• Ring Power Crane - New and used cranes for large projects from six manufacturers.

• Entertainment Services - Ring Power can assist with special events such as movie and video filming, corporate events & concerts or parties & shows with an inventory of power equipment including generators, UPS and power distribution; HVAC & lighting; ramps & matting.

• Phoenix Products - manufactures fuel storage tanks, generator enclosures and fuel storage systems, and offers petroleum-recycling services.

• Compressed Air Division
• New Parts Division
• Used Parts Division
• Service Division
• Government Division
• Financial Services
• Marine Service Center

Industries

Ring Power supplies equipment used in heavy construction, roadbuilding, logging, agriculture, recycling, waste management and landfill maintenance, governmental, marine power, truck engine power, prime and standby power generation, entertainment venues, industrial power, warehousing, port container handling and material handling.

Philanthrophy

Ringhaver Park in Jacksonville has 6 soccer fields, 4 softball fields, 2 tennis courts and bleachers & benches; 3 picnic shelters with 18 picnic tables; a one mile (1.6 km) paved trail to a dock for canoe/kayak launching. It was named for Lambert C. Ringhaver, whose family donated funds for park development after his death in 1976.

The $11.6 million, 44,000 ft2 Ringhaver Student Center at Flagler College opened for the 2007-2008 school year. It was built using funds donated by the Ringhaver family.

References

1. ^ Jacksonville Business Journal: June 13, 2008-Ring Power's leader grew up in family business by Dave Strupp
2. ^ Florida Times-Union: August 24, 2001-Ring Power circling for new area site
3. ^ Florida Times-Union: September 12, 2003-Ring Power to start St. Johns building soon by Karen Brune Mathis
4. ^ City of Jacksonville: Recreation & Community Services-Ringhaver Park
5. ^ Flagler College: News Events-Ringhaver Student Center open for tours during dedication day

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