Sunbelt Rentals Acquires MAC Leasing, Rental Division of Heater Manufacturer

Sunbelt Rentals has acquired MAC Leasing, a multi-location rental and financing arm of Bismarck, N.D.-based manufacturer MAC Inc. MAC specializes in the production, sale, rental and service of industrial heaters and support equipment as well as the manufacturing of frac and oil production tanks and a variety of trailers including single axle, satellite, tandem axle and fifth wheel gooseneck models.

MAC Leasing focuses specifically on the rental and service of its heating products, a line that includes indirect-fired, flameless and hydronic surface heaters ranging in size from 200,000 to 4.2 million BTUs per hour. MAC was established in 1983 and re-structured in 2010. A large share of MAC’s customer base is devoted to the oil and gas industry and the industrial and commercial heating markets.

“MAC has established an excellent reputation in the market for producing high quality heaters, and their products align well with the fleet and capabilities currently provided by our Pump & Power Services specialty division,” said Sunbelt Rentals CEO Brendan Horgan. “The addition of MAC heaters not only bolsters our equipment offering, but will allow Sunbelt to more effectively service our valued customers.”

“The divestiture of our rental business allows MAC to focus solely on its manufacturing and distribution functions while serving energy, airline, commercial and residential consumers with heating solutions,” said Michael Seifert, CEO of MAC Inc. “With the sale of the rental business to Sunbelt, MAC’s largest customer, MAC Leasing, just became much larger. We are bullish about our future relationship with Sunbelt.”

Sunbelt Rentals, based in Fort Mill, S.C., is No. 2 on the RER 100.

 

 

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