Durante Rentals, a leading provider of construction equipment rentals in the New York Tri-State area, announces its new partnership with Clairvest Group Inc., a Toronto-based private equity firm with 32 years of investing experience and more than C$2.4 billion of equity capital under management.
This new strategic partnership is a natural one as Durante Rentals aligns with Clairvest’s proven strategy of partnering with successful, mid-market companies with strong management teams and a proven track record of growth. The partnership will provide additional investment capital for Durante’s future growth allowing it to expand its geographic footprint, invest in new technologies and expand its rental fleet.
“We are extremely optimistic about the future of Durante Rentals,” said co-founder and CEO, Anthony Durante. “This strategic partnership is a great fit as we share a common vision and similar core values with our new partners. The future is bright for the company, our customers and employees.”
The Durante Rentals name, headquarters, and employees will remain in place as the company continues its expansion and continued focus on providing equipment solutions to its diverse customer base.
“The partnership is exciting for both organizations and is consistent with our mission to offer our customers and employees the long-term stability they deserve,” said co-founder and chief financial officer Chris Jones. “With a successful growth strategy in place and this new influx of capital, Durante Rentals is poised for long-term success.”
Now with 10 locations, Durante Rentals’ geographic footprint continues to expand while servicing all five boroughs of New York City, Westchester, Putnam, Rockland, Orange, Ulster and Dutchess Counties, Connecticut and New Jersey. Durante Rentals has been named to the INC 5000 List of Fastest Growing Companies for six straight years and is No. 85 on the RER 100.
For more information about Durante Rentals, visit www.duranterentals.com.