Sunbelt Rentals Expands in Indianapolis with Acquisition of Runyon Equipment Rental
Founded in 1961, Runyon Equipment Rental’s decades of customer relationships and market insights positioned the company as a leading rental company in the Indianapolis market.
Runyon Equipment Rental, a premier independent provider of rental equipment in the greater Indianapolis market, has been acquired by Sunbelt Rentals. Founded in 1961, Runyon Equipment Rental’s decades of customer relationships and market insights positioned the company as a leading rental company in the Indianapolis market. Runyon partnered with Rock Island Capital in 2019 to further invest in and grow the business.
"We're incredibly excited about Runyon Equipment Rental's future within Sunbelt Rentals,” said Runyon Equipment Rental president Carla Runyon-Fazekas. “With Sunbelt's culture, extensive resources, and expertise, we're confident that the company will reach new pinnacles of success. This partnership will allow us to continue providing exceptional service to customers and will open exciting prospects for our employees in the years ahead.”
Sunbelt Rentals is ranked No. 2 on the RER 100 with approximately 1,250 locations in North America and a rental fleet valued at more than $14 billion.
Catalyst Strategic Advisors served as the exclusive transaction advisor to Runyon Equipment Rental.
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.
