Newsletter #369 (View other news stories)
RSC acquires American Equipment
SCOTTSDALE, AZ, United States
Wednesday, 16 Jul 2008
RSC Equipment Rental Inc has acquired the business and certain operational assets of American Equipment Rentals from FST Equipment LLC and AER Holding LLC, both based in Providence, Rhode Island. Terms were not disclosed.
American rents forklifts, scissor and boom lifts and other equipment to New England-area commercial construction contractors through locations in Providence; Woburn, Massachusetts; and New Britain, Connecticut. American works with manufacturers of the JLG, Genie, MEC, Lull, Gradall, Skyjack, Terex Aerials, Terex Handlers, Upright, SkyTrak and Snorkel brands.
American’s annual revenues are about USD19 million. Nearly 90% involves rentals. "The American business is a growth platform for us," Ned Graham, RSC senior vice president of operations, says in a statement.
Publicly traded parent entity RSC Holdings Inc of Scottsdale employs more than 5,300, operates 468 rental locations in the US and Canada and reported profit of USD123.3 million on 2007 sales of USD1.77 billion. In mid-May, RSC disclosed a preliminary agreement to acquire American Equipment Rentals’ assets.
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