Sunbelt Rentals recently acquired Illinois Truck & Equipment, Morris, Ill., and Toolshed Rentals, Escondido, Calif.
Illinois Truck & Equipment rents a broad range of equipment ranging from skid-steer loaders and reach forklifts up to larger excavators, wheel loaders, on- and off-road trucks and larger earthmoving equipment.
Main ITE product lines include Kobelco excavators, Hitachi wheel loaders, Bell articulated off-road dump trucks, JLG manlifts, Skytrak telehandlers, New Holland Construction, Morooka track carriers, Broce brooms, Allied Construction Products, and others..
The acquisition of Toolshed Rentals enhances Sunbelt’s strength in the heavy earthmoving market in San Diego County. Toolshed is a general rental business that also had a division that rents larger dirt-moving equipment such as excavators and dozers. Toolshed was owned by members of the Hawthorne family, relatives of the founding family of Hawthorne Cat.
Both companies were represented by The Stansberry Firm.
ITE was ranked No. 73 on the RER 100, making it the third RER 100 firm represented by The Stansberry Firm in the past three years.
Terms of the transactions, which closed in December 2021, were not disclosed.
To read about Sunbelt’s fiscal third quarter and first nine months results, go to: https://www.rermag.com/home/article/21235584/sunbelt-rentals-revenue-jumps-234-percent-in-fiscal-third-quarter
