RERMAG

NationsRent Files Reorganization Exhibits; Levine Named as Director

NationsRent last week filed exhibits for its consensual plan of reorganization, including naming the slate of directors of the reorganized company, which include recently retired Multiquip CEO Irving Levine.

Levine, a 40-year industry veteran, will be one of seven directors, which also include Jeff Putman, who will serve as CEO, and Bryan Rich, co-chairman of the board of directors, and co-founder of Phoenix Rental Partners and Boston Rental Partners, which will be the primary owner of NationsRent. Among the other directors is Douglas Suliman, co-chairman of the board and co-founder of Phoenix Rental Partners and Boston Rental Partners. Suliman is founder and president of Island Partners, a private merchant banking firm specializing in corporate restructuring, leveraged acquisitions and mergers and acquisitions for both public and private companies.

The remaining board members are Andrew Hines, senior partner in a management consulting group Hines & Associates; Greg Rosenbaum, founder and president of Palisades Associates, a merchant banking and consulting company; and Thomas Blumenthal, managing director of The Baupost Group, a registered investment advisor that manages discretionary equity capital following a value investment philosophy.

Additional details about the consensual plan of reorganization can be read in their entirety in a 48-page document on www.nationsrent.com.

Fort Lauderdale, Fla.-based NationsRent is No. 6 on the RER 100.

TAGS: Ar Syndicate
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