Atlas Copco Acquires Specialty Dryer Rental Business

Atlas Copco has acquired the operating assets of Mustang Services, a U.S. specialty dryer rental business that serves industries such as refineries, petrochemical plants and general manufacturing.

Michael Roth

July 3, 2015

Atlas Copco39s specialty rental business will add Mustang39s air dryer to rent to refineries petrochemical plants and other rental companies — Atlas Copco's specialty rental business will add Mustang's air dryer to rent to refineries, petrochemical plants and other rental companies.

Atlas Copco has acquired the operating assets of Mustang Services, a U.S. specialty dryer rental business that serves industries such as refineries, petrochemical plants and general manufacturing.

Mustang, based in Mesquite, Texas, was part of privately owned Mustang Transportation Co. Mustang Services rents absorption type air dryers to industrial end users that require dry compressed air in their processes, and also rents to other rental companies. The products are often rented together with air compressors to provide customers with a packaged rental solution.

“This acquisition fits well with our strategy as it expands our offering in North America the biggest market for rental of dryers,” said Andrew Walker, president of the Construction Technique business area of Atlas Copco. “It enhances our customers’ access to our products and services.

Mustang Services had revenue of about $6.3 million in 2014. The business will become part of the Specialty Rental division of Atlas Copco’s Construction Technique business area.

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.