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.
