Woody Weld, chairman and CEO of Acme Lift Co., confirmed to RER that Acme and Hitachi Construction Machinery have agreed to move forward together in expanding their capabilities as a nationwide earthmoving rental provider. They have further agreed to divest themselves of their aerial lift, telehandler, and air compressor rental fleet so that their combined abilities will be entirely focused on this earthmoving project.
Consequently, Acme / Hitachi has decided to accept an offer from United Rentals allowing it to acquire Acme's entire fleet of aerial lift, telehandlers and air compressors. “We plan to focus our energies 100 percent on earthmoving moving forwards,” Weld said.
Acme / Hitachi will immediately expand their earthmoving fleet and product support capabilities to accommodate the earthmoving requirements of its existing and new customers.
Acme's aerial, telehandler, and air compressor asset sale is being conducted in such a way as to minimize disruptions to Acme's customers and will commence the week following the 4th of July weekend. Initially only off-rent Acme assets will be transferred to URI. Each subsequent month, more assets will be transferred as they enter off-rent status.
The sale of all assets will become final on Sept. 30, 2021, Weld said.
With a 26-year history of serving the North American construction equipment rental marketplace, Acme and HCM are excited and confident that their combined capabilities will present new and useful solutions to their customers’ earthmoving problems.
Acme Lift Co. is No. 39 on the RER 100.