heavy equipment founded 1961 headquarters st. augustine florida 1 usa key people randal l. ringhaver chairman & president ron roy cfo products sale lease rent of new & used equipment parts service training revenue 1.2 billion 2006 number of employees 2 300 2008 1 600 2010 1 website ringpower.com ring power is a privately held heavy equipment corporation headquartered at the world commerce center in st. johns county florida midway between st. augustine and jacksonville . contents 1 history 2 locations 3 divisions 4 industries 5 current status 6 philanthropy 7 references 8 external links history edit 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 the company moved to a 38 acre 150 000 m2 site on u.s. route 1 locally known as philips highway and baymeadows road on the southside . 2 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 ft of space . 3 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 km2 . the result of the search was the purchase of 100 acres 0.40 km2 at world commerce center along interstate 95 in st. johns county . a 1.6 million incentive package was approved by the st. johns county commission and elkins constructors began work in the fall of 2003 on a 414 000 ft facility . most of their old property along philips highway was sold for redevelopment and ring power moved to their new headquarters in march 2005 . lowe s purchased 16 acres 65 000 m2 and built a home improvement store ; bj s wholesale club was constructed on an 18 acre 73 000 m2 parcel ; a small retail strip center with half a dozen businesses was positioned closest to the intersection of philips and baymeadows . ring power retained the 4 acres 16 000 m2 at the north end of the property for a ring power forklift operations center . 4 corporate headquarters beside interstate 95 locations edit the port facilities in jacksonville and miami allow the company to export equipment almost anywhere in the world . ring power has over 1600 employees at branches in 19 cities throughout florida and offices in california georgia new jersey north carolina rhode island south carolina and texas . customers can purchase lease or rent new & used caterpillar industrial equipment . ring power also handles machines made by kalmar linde clark trail king manitowoc grove gradall national crane rosco gomaco phoenix products and others . over 300 employees were assigned to the ring power office in riverview florida near tampa in 2006 . the operation had outgrown the spartan building constructed in the mid 1980s and needed more space . instead of razing the structure and building new they spent nearly 50 million to renovate and created larger offices and common areas more windows with pleasant views of the landscape and eliminated scores of the filing cabinets by going paperless . 5 divisions edit heavy equipment division power systems division lift truck division compressed air division ports division new parts division used parts division service division government division tactical solutions division agricultural division cat rental store marine service center export sales division truck centers 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 . industries edit 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 . current status edit the late 2000s recession caused the construction industry to nearly grind to a halt which forced the company to reduce their workforce from 2 300 to 1 600 . ring power was successful in obtaining a government contract to refurbish military vehicles but business from regular customers was slow . 1 philanthropy edit ringhaver park in jacksonville consists of 576 acres of mostly wetlands . it has 6 soccer fields 4 softball fields 2 tennis courts and bleachers & benches ; 3 covered picnic shelters with 18 picnic tables ; a two mile 3.2 km paved trail to a dock for canoe kayak launching on the ortega river . it was named for founder lambert c. ringhaver whose family donated funds for park development after his death in 1976 . 6 7 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 . 8 9 references edit a b hunt david april 15 2010 . rubio st. johns heavy equipment dealer a snapshot of stimulus . florida times union . retrieved 2 may 2013 . strupp dave june 13 2008 . ring power s leader grew up in family business . jacksonville business journal . retrieved 2 may 2013 . mathis karen brune august 24 2001 . ring power circling for new area site . florida times union . retrieved 2 may 2013 . mathis karen brune september 12 2003 . ring power to start st. johns building soon . florida times union . retrieved 2 may 2013 . cashill margaret may 15 2009 . coolest office spaces ring power corp . tampa bay business journal . retrieved 2 may 2013 . ringhaver park . 2003 . city of jacksonville . retrieved 2 may 2013 . ortega stream valley ringhaver park . city of jacksonville . retrieved 2 may 2013 . grove allen . ringhaver student center at flagler college . about.com . retrieved 2 may 2013 . trammell halie september 25 2007 . student center dedication honors ringhavers . the gargoyle . retrieved 2 may 2013 . external links edit official website caterpillar inc. heavy equipment division power systems division cat rental store forklift division used parts division ring power crane entertainment services phoenix products fuel storage compressed air division parts division services government division financial services marine service center v t e jacksonville area based corporations list of companies in jacksonville florida fortune 1000 corporations 2015 rank csx corporation 240 fidelity national financial 314 fis 422 landstar system 719 publicly traded corporations ameris bancorp atlantic coast financial black knight financial services everbank frp holdings patriot transportation rayonier rayonier advanced materials regency centers stein mart web.com privately held businesses acosta sales & marketing availity axia public relations bloch publishing company crowley maritime elkins constructors fanatics firehouse subs florida blue florida east coast railway gate petroleum haskell company huckins yacht corporation i wear your shirt jacksonville free press kbj architects larry s giant subs m. d. moody & sons mac papers medmal direct insurance company metro jacksonville mobro marine pga tour reynolds smith & hills ring power safariland st. vincent s healthcare sally corporation seward trunk co. southeastern grocers stellar group swisher international group trailer bridge us assure vystar credit union us headquarters of foreign businesses adecco group north america association of tennis professionals beeline buffet group usa h egh autoliners northgate information solutions survitec group north america venus fashion otto division headquarters of us corporations florida coastal school of law infilaw system the florida times union morris communications foundation financial group interline brands the home depot parallel infrastructure florida east coast industries pss world medical mckesson corporation southeast toyota distributors jm family enterprises unison industries ge aviation vistakon johnson & johnson retrieved from https en.wikipedia.org w index.php title ring power & oldid 647237579 categories companies based in floridaprivately held companies based in floridaconstruction equipment rental companiescompanies based in jacksonville floridahidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 15 february 2015 at 12 25 . text is available under the creative commons attribution sharealike license ; 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