ASHEVILLE, N.C. — Volvo Rents last month continued its string of strategic acquisitions across the United States, including single-location construction equipment rental businesses in Western Pennsylvania and Phoenix, and a two-location independent equipment rental company with stores in Dallas and Wichita Falls, Texas.
In Pennsylvania, Volvo Rents acquired Burgettstown-based Equipment Rental Services, previously co-owned by Alex & Tim Paris with Andy Miller, which specializes in small- to medium-sized construction equipment. The business was anchored by an increase in local construction spending that is projected to total more than $12 billion in the Pittsburgh marketplace between 2012 and 2016.
In Phoenix where local construction spending is projected to total more than $44 billion in the Phoenix-Mesa-Glendale marketplace between 2012 and 2016, Volvo Rents acquired single-location Papé Rents. Volvo Rents now has five Volvo Rents locations in Arizona.
Papé Rents was part of the Papé Group of companies that includes Deere and Ditch Witch dealerships, materials handling and rental locations, and more than 60 locations throughout the western United States.
Volvo Rents already has rental centers in Eloy, Miami, Thatcher and Tucson, Ariz.
“We are able to add Don Myrick and his topnotch staff to the Volvo Rents team, which was the real key to this acquisition,” said Mike Crouch, vice president of business development for Volvo Rents. “Our strong brand recognition, coupled with the growing demand for construction equipment rental, allows us to look to the future with great enthusiasm. That local oversight is crucial to the Volvo Rents approach. Ten percent of our customers do 80 percent of the business, and giving them a VIP level of service is paramount.”
In Texas, Volvo Rents has acquired SCS Equipment a two-location independent equipment rental company with stores in Dallas and Wichita Falls, Texas. Volvo Rents now operates 11 rental centers in Texas, already operating in Arlington, Buda, College Station, McKinney, Pharr, Pflugerville, and Seabrook, with two in Houston.
SCS Equipment was founded by Mike Price in 1986. Price is expected to remain with Volvo Rents in a sales and consulting role. Gary Stansberry of The Stansberry Firm, Granbury, Texas, represented SCS Equipment in the transaction.
Volvo Rents earlier this year announced its plan to capitalize on the economic upturn by embarking on a new course, where it will not only operate a franchise network of rental stores, but also manage and grow a network of company-owned stores.
Based in Asheville, N.C., Volvo Rents is No. 17 on the RER 100.