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Ring Power is a privately held heavy equipment corporation headquartered at the
World Commerce Center World Commerce Center (WCC) is an approved ''Development of Regional Impact'' (DRI) under Section 380.06 of the Florida Statutes. It is intended to be the commercial and office development center for St. Johns County, Florida,Conte, Christian“Wo ...
in
St. Johns County, Florida St. Johns County is a county in the northeastern part of the U.S. state of Florida. As of the 2020 United States Census, its population was 273,425. The county seat and largest incorporated city is St. Augustine. St. Johns County is part of th ...
, midway between St. Augustine and
Jacksonville Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the largest city by area in the contiguous United States as of 2020. It is the seat of Duval County, with which the c ...
.


History

The company was founded in 1961 by L.C. "Ring" Ringhaver, who gave up shrimp boat building to become a
Caterpillar Caterpillars ( ) are the larva, larval stage of members of the order Lepidoptera (the insect order comprising butterfly, butterflies and moths). As with most common names, the application of the word is arbitrary, since the larvae of sawfly ...
engine dealer in
St. Augustine, Florida St. Augustine ( ; es, San Agustín ) is a city in the Southeastern United States and the county seat of St. Johns County on the Atlantic coast of northeastern Florida. Founded in 1565 by Spanish explorers, it is the oldest continuously inhabit ...
. The following year, they became a full line dealer and relocated to
Jacksonville Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the largest city by area in the contiguous United States as of 2020. It is the seat of Duval County, with which the c ...
with the
North Florida North Florida is a Regions of the United States#Florida, region of the U.S. state of Florida comprising the northernmost part of the state. Along with South Florida and Central Florida, it is one of Florida's three most common "directional" regi ...
Caterpillar territory. In 1973 the company moved to a site on
U.S. Route 1 U.S. Route 1 or U.S. Highway 1 (US 1) is a major north–south United States Numbered Highway that serves the East Coast of the United States. It runs from Key West, Florida, north to Fort Kent, Maine, at the Canadian border, makin ...
(locally known as Philips Highway) and Baymeadows Road on the southside. L.C. Ringhaver had two sons, Lance and Randy who worked in the business. When L.C. died in 1976, the sons took over the business. In 1986, the younger son Randy became company president. The older son Lance moved to Tampa and founded the ''Ringhaver Equipment Company'', the Caterpillar dealer for
Central Florida Central Florida is a region of the U.S. state of Florida. Different sources give different definitions for the region, but as its name implies it is usually said to comprise the central part of the state, including the Tampa Bay area and the ...
. On January 1, 2004 Lance announced his retirement, and Ringhaver Equipment Company and Ring Power Corporation merged. As the business grew, 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 . The result of the search was the purchase of at
World Commerce Center World Commerce Center (WCC) is an approved ''Development of Regional Impact'' (DRI) under Section 380.06 of the Florida Statutes. It is intended to be the commercial and office development center for St. Johns County, Florida,Conte, Christian“Wo ...
along
Interstate 95 Interstate 95 (I-95) is the main north–south Interstate Highway on the East Coast of the United States, running from US Route 1 (US 1) in Miami, Florida, to the Houlton–Woodstock Border Crossing between Maine and the Canadi ...
in St. Johns County. A $1.6 million incentive package was approved by the St. Johns County Commission and
Elkins Constructors Elkins Construction LLC is a privately held construction corporation headquartered in Jacksonville, Florida, United States. It was created in 2015 by Wayne McCall and Barry Allred when Elkins Constructors, founded in 1955 by Martin Elkins, close ...
began work 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.
Lowe's Lowe's Companies, Inc. (), often shortened to Lowe's, is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States and Canada. A ...
purchased and built a home improvement store;
BJ's Wholesale Club BJ's Wholesale Club Holdings, Inc., commonly referred as BJ's, is an American membership-only warehouse club chain based in Marlborough, Massachusetts, operating on the East Coast of the United States in addition to Ohio, Michigan, and Indiana ...
was constructed on an 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 at the north end of the property for a Ring Power Forklift Operations center. Lance Ringhaver died following an automobile accident in 2016 at the age of 76.


Locations

Ring Power today has twenty-six sales locations. 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 Grove may refer to: * Grove (nature), a small group of trees Places England *Grove, Buckinghamshire, a village * Grove, Dorset * Grove, Herefordshire * Grove, Kent * Grove, Nottinghamshire, a village * Grove, Oxfordshire, a village and civil ...
, Gradall, National Crane, Rosco, Gomaco, Phoenix Products and others. Over 300 employees were assigned to the Ring Power office in
Riverview, Florida Riverview is an unincorporated census-designated place in Hillsborough County, Florida, United States. It is located south of Brandon. The population was 107,396 in the 2020 census, up from 71,050 in the 2010 census. Many of Tampa Bay's radio ...
(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 A paperless office (or paper-free office) is a work environment in which the use of paper is eliminated or greatly reduced. This is done by converting documents and other papers into digital form, a process known as digitization. Proponents claim t ...
.


Divisions

*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

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

The
Late-2000s recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At t ...
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. Now, on the back end of another decade Ring Power has been picking up steam again. They have begun to hire "new to the industry" and "talented veterans of the industry" employees. They have also started many 'training program' positions for salesmen, technicians, and management.


Philanthropy

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 Ortega is a Spanish surname. A baptismal record in 1570 records a ''de Ortega'' "from the village of Ortega". There were several villages of this name in Spain. The toponym derives from Latin ''urtica'', meaning "nettle". Some of the Ortega spel ...
. It was named for founder 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 Flagler College is a private liberal arts college in St. Augustine, Florida. It was founded in 1968 and offers 33 undergraduate majors and one master's program. It also has a campus in Tallahassee. History Founded in 1968, the campus compris ...
opened for the 2007-2008 school year. It was built using funds donated by the Ringhaver family.


References


External links


Official websiteCaterpillar Inc.Heavy Equipment Division

Power Systems DivisionCat Rental StoreForklift DivisionUsed Parts DivisionRing Power CraneEntertainment ServicesPhoenix Products Fuel StorageCompressed Air DivisionParts Division

ServicesGovernment Division

Financial Services

Marine Service Center
{{Jacksonville Corporations Privately held companies based in Florida Construction equipment rental companies Companies based in Jacksonville, Florida