Able Equipment Rental Acquires Virginia’s Extreme Rentals
Able Equipment Rental Inc. has acquired the equipment rental assets and service operations of Extreme Rentals USA LLC, located in Manassas, Va. The transaction allows Able to expand its footprint southward into the mid-Atlantic Region as it aims to serve the Delaware, Maryland and Virginia markets, including the metropolitan areas of Baltimore and Washington, D.C. Able said it will retain the entire Extreme Rentals USA Team.
Consistent with Able’s expansion strategy, this key acquisition increases Able’s fleet and infrastructure, while furthering adjacent growth to Able’s current footprint.
“We are excited to have the Extreme Rentals USA Team join the Able family,” said Steve Laganas. “They understand the needs of their customers and share a common customer solutions-oriented approach. We are confident that together with Able, the Manassas team will continue to serve their customers with confidence.”
“We are extremely excited that the Extreme Rentals Team has joined the Able Equipment Rental team," said Chris Pera, Able chief operating officer. "Strategically, the acquisition will allow us to continue to serve as a dependable provider of great equipment and personalized service for our growing DMV [Delaware Maryland Virginia] customer base. Additionally, we'll be able to offer a wider product range for rent and sale, further fulfilling the needs of Extreme’s loyal customer base."
Able Equipment Rental last month acquired Elite Construction Rentals, located in Wallingford, Conn.
Founded in 1996, Able Equipment Rental, based in Deer Park, N.Y., is privately owned with seven locations. Able's locations serve the Northeast and Mid-Atlantic markets of New York, New Jersey, Connecticut, Pennsylvania, Delaware, Maryland and Virginia. For more information on Able Equipment Rental, visit ableequipment.com.
Able Equipment Rental is No. 45 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.