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. 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 with the North Florida Caterpillar territory. In 1973 the company moved to a site on U.S. Route 1 (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. 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 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 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 purchased and built a home improvement store; BJ's Wholesale Club 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