Herc Rentals Acquires Four-Location Power Rents

Power Rents, LLC, a well-known and highly respected general rental equipment provider, operating a four-location platform in Vancouver, Wash., and Portland, Ore., has been acquired by Herc Rentals Inc.
Oct. 26, 2022
Logo by Power Rents
Power Rents Logo 22 6358b273165a7

Power Rents LLC, a well-known and highly respected general rental equipment provider, operating a four-location platform in Vancouver, Wash., and Portland, Ore., has been acquired by Herc Rentals Inc. 

Power Rents was formed in 2016, and quickly distinguished itself with customers by providing high quality rental equipment and customer service in the Portland and Vancouver markets. 

“The Herc team went the extra mile by spending time with our people and making them feel welcome and comfortable with the integration,” said Steven Schimmel and Brian Spencer, co-founders of Power Rents. “Herc also showed their commitment to maintaining the best possible customer service. Their focus on our people and customers is in perfect alignment with the Power Rents culture. We are excited about the future our people and customers will have with the Herc organization.

Herc Rentals is ranked No. 3 on the RER 100 with more than 350 locations in North America and a rental fleet valued at more than $4.1 billion. 

Catalyst Strategic Advisors LLC served as exclusive transaction advisor to Power Rents.

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.

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