The QuipNet Cooperative is a business controlled by the people who use it. It is a democratic organization whose earnings and assets belong to its Share Holders. By patronizing and becoming an active member of a co-op such as QuipNet, you invest yourself with the power to shape that business. You control the politics and economics of what is truly your organization.

As a Share Holder in the Quipnet Co-op you will enjoy deep discounts from major suppliers. Lower prices for your after market parts and machinery attachments plus, dividends paid back you. This means you win in more ways than one.

On September 21, 1992, after several months of exchanging ideas, a group of progressive independent construction equipment dealers from throughout the United States formed QuipNet, Inc. to take advantage of the power of group purchasing and offer these advantages to licensees throughout North America.

The concept of cooperative purchasing is nothing new but it is somewhat novel in the construction equipment distribution business. This group of independent construction equipment dealers have to compete against the nationally known and better capitalized rental companies and against the larger regional equipment dealers.

There was a consensus that by combining purchasing power, knowledge and by exchanging ideas that these independent construction equipment dealers could develop the capital necessary to compete effectively.

One of the most major changes affecting our industry have resulted from the pressures imposed on the end user by lending institutions, bonding companies forcing him to become more productive and cost conscious. No longer does the average contractor maintain a large equipment fleet but relies on a base compliment of equipment and more and more he depends on rental equipment to supplement his equipment needs.

Those dealers who have established rental fleets to service these needs have seen this market develop and grow and as a result, have seen the size of the overall equipment purchasing market decline.

It is anticipated that despite tax law changes presently in discussion to bring back some form of investment tax credit, the demand for rental equipment will only increase. We have opened up the "Pandora's Rental Box" and changing that reliance from the contractor's perspective is not likely to happen in the near term.

QuipNet has focused its services at those key dealers in any given market area who represent the "most dominant" dealer in his market area coupled with a strong financial base and a high degree of integrity to establish an elite, powerful dealer network.

Our shareholders are also our members as well as our Board of Directors.

QuipNet's services are based on the collective, specialized needs of its members and QuipNet will continue to expand and develop to better serve those specialized needs.

The QuipNet Board Members