Volvo Rents has acquired DixEquip, a single-location independent construction equipment rental company in Houston, giving the fast-expanding Volvo Rents 12 locations in the lone-star state.
Volvo pointed to an IHS Global Insight study that projects $473 million in construction spending in the state between 2011 and 2016. McGraw Hill Construction predicts more than $23 billion in 2012 construction spending and more than $134 billion by the end of 2016.
DixEquip was not a Volvo Rents franchise before being acquired. An independent company, DixEquip was founded in 1998 by John Dixon.
Now with more than 100 rental centers in North America, Volvo Rents is No. 17 on the RER 100.