Alaska’s Tyler Rental Acquires Oregon’s Interstate Rentals
Tyler Rental, based in Ketchikan, Alaska announced this week that it has acquired Interstate Rentals in Portland, Ore. This will be Tyler’s seventh overall location and second in the contiguous United States.
“Tyler Rental is a great fit for our business, which was started in 1953 by my dad,” said Joe Dennis, owner of Interstate Rentals. “Our customers and employees are in good hands.”
“Interstate Rentals has a great foundation and base for our growing operations,” said Randy Johnson, president of Tyler Rental. “It was a natural fit with our Chehalis, Wash., branch and we look forward to expanding into the Portland market. We have great respect for the Dennis family and are proud to pick up the reigns and bring the Interstate team into our employee-owned family culture at Tyler Rental.”
“The employee base and the location are very impressive, and we were able to hit the ground running on this smooth transaction,” said Jake Maenpa, vice president of operations for Tyler Rental.
Fred Hageman and Jay Hageman of Rental Business Advisors represented Interstate Rentals in the transaction. “My wife Cathy and I would like to express our sincere appreciation for Fred and Jay Hageman,” added Dennis. “We would not have achieved such a successful outcome in the sale of our legacy business without their consistent guidance and counsel throughout the entire process. We are both honored and grateful to see Tyler Rental lead Interstate Rentals into its next chapter.”
Terms of the sale were not disclosed.
In addition to its headquarters in Ketchikan, Alaska, the company also has branches in Petersburg, Juneau, Craig, and Sitka, Alaska, as well as Chehalis, Wash. It offers a wide range of equipment including ag/farm equipment, air compressors, compaction machines, earthmoving equipment, compact equipment, telehandlers, forklifts, mobile elevating work platforms, light towers, off-highway trucks, trenchers, water trucks, and more. Learn more at tylerrental.net.
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.