Florida Contractor Rentals, the largest independent rental company in northeast Florida, has been acquired by Synergy Equipment. FCR was founded by industry veteran Clif Sheffield in 2002, has locations in Daytona Beach, St. Augustin and Palatka, Fla., and was in the process of opening a new location near the Jacksonville airport around the time of the acquisition.
Synergy Equipment was founded in 2012 and operates equipment rental and sales locations in Miami, Tampa, Orlando and Fort Myers, Fla. The acquisition was announced on FCR’s website at www.FCRnet.com. FCR owner Sheffield retired after the transaction, however long-time FCR operations manager John Sheffield (Clif’s brother) will remain with Synergy in a similar role.
Rental industry transaction advisor The Stansberry Firm LLC represented FCR in the transaction. “I am very pleased with The Stansberry Firm’s efforts in our recent sale of FCR,” said Clif Sheffield. “I appreciate that we had choices as to who the buyer would be and that we were able to move forward with a local Florida group that made the most sense for our employees and customers.”
Both companies have a wide range of fleet, ranging from light to heavy earthmoving, aerial work platforms and general construction rental equipment. For more about Synergy Equipment, go to: Www.synergyequip.com.