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.