Sunbelt Rentals has acquired Above and Beyond Equipment Rentals, an equipment rental company specializing in the rental of scissorlifts, boomlifts and telehandlers based in Madison, Conn., in Fairfield County. The company has branches in Durham and Stratford, Conn., and South Deerfield, Mass.
Sunbelt Rentals acquired the company for an initial cash consideration of $21 million, with an additional $500,000 payable over the next year depending on revenue meeting or exceeding certain thresholds.
Above and Beyond was founded in 2009 by Joseph Hill and grew into one of the largest independent equipment rental companies in New England, serving commercial, industrial and municipal markets.
Craft Partners LLC served as the exclusive financial advisor to Above and Beyond.
“I developed a relationship with Craft Partners over a number of years, well before I was ready to sell,” said Hill. “They provided honest, thoughtful advice along the way and were always mindful of my long-term goals and objectives.”