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.