Rental Equipment Investment Corp. Acquires Oregon’s All Rents Inc.
Rental Equipment Investment Corp. has purchased all the stock of All Rents Tool & Equipment Inc. All Rents is an equipment rental company based in Seaside, Ore. REIC is an equipment rental holding company which now has 27 locations in seven states.
“All Rents is an excellent well-run company that serves northwestern Oregon and southwestern Washington with a full line of general industrial and construction rental equipment,” said Kevin Fitzgerald, CEO of REIC. “All Rents fits perfectly into REIC’s existing network of stores in Oregon and Washington. All Rents is led by Frank Orrell and Sarah Orrell-Poe who have built All Rents into a market leader in its area. We are looking forward to working with the All Rents team to expand their business”.
“All Rents has grown rapidly over the past several years and we are proud and thankful to all our employees, customers and vendors who have made our growth possible,” said Orrel. “Under REIC’s ownership we believe we will be able to expand further and give all our employees continued opportunities”.
Rental Equipment Investment Corp. is No. 48 on the RER 100.
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.