Fluor Sells European Equipment Rental Business EQIN

Fluor Corp. announced that Stork, part of Fluor’s Diversified Services segment, has reached an agreement with VE Partners to sell EQIN, Stork’s professional equipment rental business in Europe.

Michael Roth

June 29, 2020

2 min read

Fluor Corp. announced that Stork, part of Fluor’s Diversified Services segment, has reached an agreement with VE Partners to sell EQIN, Stork’s professional equipment rental business in Europe. This intended divesture is pending final approval by the Dutch Authority for Consumers and Markets. The transaction is in line with Fluor’s earlier announced announcement that it plans to divest its construction rental businesses, known in North America as AMECO. Fluor said it is progressing with that plan.

After final ACM approval, Stork and the new owner VE Partners, a Netherlands-based private equity firm, will proceed with a swift and smooth transfer of EQIN, the company said. The new company will continue to operate as EQIN.

"The intended sale is a positive step for both Stork and EQIN,” said Taco de Haan, president of Stork. “It will allow both companies to focus on their core businesses while continuing to collaborate and work together to serve our mutual clients, and at the same time, providing Stork with greater operational efficiency going forward.”

Stork has locations in about 20 countries. EQIN is located in Rotterdam, The Netherlands, and generates about $96 million in annual sales, according to Dun & Bradstreet.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.