Herc Rentals Acquires Power Generation Rental Specialist Temp-Power Inc.
Herc Rentals has acquired power generation rental specialist Temp-Power Inc., which has four locations serving Virginia, Maryland and Washington D.C. Temp-Power is headquartered in Manassas, Va., with branch offices in Highland Springs and Virginia Beach, Va., and Baltimore.
“We have served the temporary power needs of our customers since 2005, and we're very excited to join the Herc Rentals Team," said Chris Crafton, founder and president of Temp-Power. "In addition to a comprehensive general rental fleet, Herc Rentals has a well-established specialty rental offering and a culture of service that perfectly aligns with those of Temp-Power."
Herc Rentals is ranked No. 3 on the RER 100 with approximately 300 locations in North America, a rental equipment fleet valued at more than $4.1 billion.
Catalyst Strategic Advisors LLC served as exclusive transaction advisor to Temp-Power Inc.
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.