Hunter Street Partners and All-Star Rents Acquire Two Equipment Rental Facilities in Florida
Hunter Street, a Minneapolis-based alternative investment management firm, announced that it has acquired, through its All-Star Rents platform two equipment rental facilities that focus on the sale, rental, and servicing of light equipment. Building on the initial acquisition in September 2020 of All-Star Equipment Rental in Naples, the All-Star platform now operates three locations in central and south Florida: Sarasota, Orlando, and Naples.
All-Star rents, sells, and services equipment including, but not limited to, forklifts, boom lifts, mini-excavators, skid steer loaders, scissor lifts, and an extensive offering of small equipment. The firm serves a range of commercial end-markets including construction, renovation, landscaping, energy, milling, and agriculture companies throughout central and south Florida. Following these acquisitions, All-Star will continue to invest in its equipment offerings in order to service customer demand.
The Hunter Street team will work with All-Star to continue to build out its fleet and to identify other complementary businesses in the Southeast region that will allow All-Star to further expand its geographic footprint and enhance its platform.
“Many customers are taking on construction, renovation, and infrastructure projects at breakneck speeds, resulting in continued demand for light equipment,” said Neal Johnson, CEO and chief information officer of Hunter Street. “All-Star’s ability to provide its customers with the equipment needed quickly and efficiently is a competitive advantage of the platform relative to major operators in the industry that cater their services to large general contractors.”
“We’re glad to see All-Star’s clients continue to win projects throughout Florida, and we believe that Hunter Street’s investment in the platform will help provide better and more efficient service as we continue to grow the customer base,” said Andrew Platt, partner at Hunter Street. “All-Star has built a strong reputation amongst contractors in south and central Florida. We look forward to strengthening this reputation as we scale our platform.”
Hunter Street is a Minneapolis-based alternative investment management firm that provides creative capital solutions to operating partner teams and small to mid-sized companies for special situations, asset-based financings, and secondary purchases. The firm is focused on special opportunities across corporate finance, real estate, and specialty finance. Visit www.hunterst.com.
All-Star is a multi-site equipment rental business based in Florida. All-Star’s fleet primarily consists of forklifts, boom lifts, mini excavators, skid steers, scissor lifts, and small to medium size equipment.
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.