Herc Rentals Acquires a Dozen Companies in Past Year, Adds Priority Rentals
The acquisitions included, not-previously announced Priority Rentals, which rents portable cooling equipment, heaters and ventilation equipment including HEPA air filtration equipment and dehumidifiers.
Yesterday, Herc Rentals announced its full year 2021 results as well as the acquisition of 12 companies made in 2021 for a total of about $477 million.
The acquisitions included not-previously announced Priority Rentals, which rents portable cooling equipment, heaters and ventilation equipment including HEPA air filtration equipment and dehumidifiers. The company’s primary trade areas include Metro Philadelphia, all of New Jersey and Delaware, parts of eastern Pennsylvania, the New York City metro area as well as the Washington/Baltimore area. The Stansberry Firm (www.thestansberryfirm.com) represented Priority in its sale to Herc.
The full list of acquisitions includes:
December 2020: Champion Rentals
April 2021: San Mateo Rentals, Jim-n-i Rentals
August 2021: CBS Rentals
September 2021: Dwight Crane
October 2021: Reliable Equipment
November 2021: Rapid Equipment, Sky King, Atlantic Aerials
December 2021: Central Valley Shoring, Priority Rental, Temp-Air.
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.
