Herc Rentals Acquires Inglewood, Calif.'s, Quality Equipment Rentals

Quality Equipment Rentals, an independent equipment rental company with more than 50 years in business in Inglewood, Calif., part of the greater Los Angeles area, has been acquired by Herc Rentals.

Michael Roth

Feb. 14, 2024

2 min read

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Quality Equipment Rentals, an independent equipment rental company with more than 50 years in business in Inglewood, Calif., part of the greater Los Angeles area, has been acquired by Herc Rentals. Fred Hageman of Rental Business Advisors represented Quality Equipment Rentals in the transaction. Terms of the deal were not disclosed.

“Fred brought several potential buyers to the table and Herc was the best fit for the business, our customers and our employees,” said Quality Equipment Rentals majority owner Dennis Wells, who founded the business with his wife Diann Wells in 1969. “We feel that the company is in good hands going forward.”

Quality Equipment Rentals general manager and minority owner John Lyons said, "I've been doing this most of my adult life, and with Dennis and Diann Wells retiring, the time was right for all of us to sell. We are very, very pleased with the outcome.”

Dennis and Diann Wells, as well as Lyons, will consult with Herc for a transition period.

The acquisition was one of several made recently by Herc Rentals, which now has approximately 400 locations in North America. As of December 31, 2023, the company’s total rental fleet was approximately $6.3 billion at OEC.

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.