Aerial re-rental specialist Acme Lift Co. has hired Steve Nadelman, a veteran of three decades in the equipment rental industry, as president and chief operating officer. Nadelman most recently served as United Rentals’ senior vice president of the western region.
“Steve Nadelman is one of the most capable and visionary leaders produced by the rental industry in the last 30 years,” said Woody Weld, chairman and CEO of Acme Lift, which specializes in the re-rental of very large aerial work platforms. “Steve brings his operational excellence, unparalleled drive and enormous intelligence, which allows Acme Lift to accelerate its growth as the wholesale rental industry recovers. Steve also brings significant international rental experience, which will allow Acme Lift to expand into additional markets not currently served.”
“I am thrilled to join the Acme Lift team at a time when the company is poised to take advantage of its new capital structure and an improving market,” Nadelman said. “Woody’s visionary leadership and intense customer focus have been the key drivers of Acme Lift’s success, even through the recent economic downturn. I look forward to working with the Acme Lift team and very much look forward to our company’s growth in the wholesale sector in the years to come.”
Nadelman spent 19 years with United Rentals and its predecessor, US Rentals, rising from a division manager to senior vice president of operations in 2008, when he directed United Rentals’ operations across the western United States, Canada and Mexico.
He began his career working at his family’s heavy crane rental business in Long Beach, Calif., during his high school and college summers. In 1983, he joined Hertz Equipment Rental Corp., working his way from branch manager to operations manager of the company’s northeastern and western region. During his eight years with the company, he produced a string of turnarounds and led entries into new markets.
Nadelman joined U.S. Rentals in 1991 as a division manager and was promoted the following year to vice president. He opened 60 branches, closed deals for 40 acquisitions and helped the company go public and later merge with United Rentals in 2004. Nadelman was vice president of United Rentals’ southwestern region from 1998 to 2004, steering daily operations in 15 states and Mexico.
In 2005, he was promoted to senior vice president of field operations and corporate real estate. During his three years in that job, he developed and managed corporate growth strategy, implementing a plan to establish more than 40 new locations in the United States, Canada and Mexico each year. Nadelman also restructured the corporate real estate group and oversaw a portfolio of more than 1,000 properties, including the company’s design and construction group
He left United Rentals in July 2010 to become executive consultant and principal at RMS Management Consulting in Newport Beach, Calif., providing management and turnaround consulting to clients in the construction industry.
Acme Lift recently completed a $77.2 million recapitalization that will enable the company to accelerate its growth, offer an expanded lineup of new articulating and telescoping boomlifts and large-capacity telehandlers, and bolster its ability to quickly respond to the needs of its re-rental customers with improved operational support and capabilities.
Acme is No. 64 on the RER 100.