Hertz Equipment Rental Corp.’s Canadian subsidiary, Mathews Equipment, has acquired the assets of Irving Industrial Rental, Saint John, New Brunswick. Irving’s focus on the industrial market will significantly boost Hertz’ presence in the province, the company said.
IIR, established in 1998, has an extensive industrial product line including various sizes of aerial work platforms, forklifts, air compressors, welders, generators, heaters, light towers and numerous other products. IIR supplies non-operated rental equipment throughout Atlantic Canada to support industry needs for oil refining, pulp and paper, ship building, construction, manufacturing and mining.
IIR was purchased by Mathews from the J.D. Irving Group, for an undisclosed sum, and the company will be integrated into Mathews’ New Brunswick operations.
“Mathews’ acquisition of Irving Industrial Rental is instrumental in the company’s continued growth in the Canadian industrial rental market,” said HERC president Gerry Plescia. “Irving Industrial Rental has a solid reputation throughout Atlantic Canada, and will enhance Mathews’ efforts to be the first choice equipment rental provider for the industrial market in eastern Canada. Irving Industrial Rental also supports the company’s strategy to continuing growing worldwide revenue through key acquisitions and we’re confident that the acquisition will establish Mathews as a key player in the Maritime region’s industrial rental market.”
The Irving Group is the largest private company in Atlantic Canada, with oil refining and gasoline marketing, shipbuilding, forestry, trucking and other businesses.
HERC, based in Park Ridge, N.J., is No. 4 on the RER 100.