Sunbelt Rentals Acquires Illinois Truck & Equipment and Southern California’s Toolshed Rentals

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.

Michael Roth

March 10, 2022

2 min read

Sunbelt Rentals recently acquired Illinois Truck & Equipment, Morris, Ill., and Toolshed Rentals, Escondido, Calif.

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

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.