Volvo Rents has acquired Max Equipment Rentals, a two-location construction equipment rental company with stores in Oceanside and Perris, Calif. The acquisition comes two months after Volvo Rents’ purchased SoCal Rental Equip Rent, bringing Volvo Rents’ California’s location total to seven.
Max Equipment Rentals is a former RER 100 listee that had had some difficulties in recent years during a recession that hit California particularly hard. However, the state is on the upswing and IHS Global Insight projects that California will lead the nationwide recovery through 2016, spending $723 billion on construction with the third-highest annual average percentage gain of 15.6 percent.
The company was founded by Bob McDaris and Mason Bailey in 2000. McDaris will continue as Volvo Rents’ southwest division sales manager. Bailey will remain as a consultant for a short period of time.
“This transaction provides a long-term bridge toward a successful future for both the Oceanside and Perris stores,” said McDaris.
“California’s economy is growing again, and will see strong economic growth over the near- and long-term, translating into great construction activity,” said Mike Crouch, vice president of business development for Volvo Rents.
Based in Shippensburg, Pa., Volvo Rents is No. 17 on the RER 100.