ABLE acquires Elite Construction Rentals

By Lindsey Anderson28 June 2022

ABLE Equipment Rental has purchased the equipment rental assets and service operations of Elite Construction Rentals, LLC (ECR), located in Wallingford, CT. The transaction will allow ABLE to broaden its footprint further into southern New England while increasing the size of its fleet and customer base. ABLE will retain the entire Elite Construction Rental Team and continue to develop its relationship with Elite’s site services and general trade business, which will continue to operate under the name Elite Construction Resources, LLC.

ABLE Equipment Rental has grown its telehandler fleet year-over-year. (Photo: ABLE)

“Elite and its affiliates have dependably served the needs of contractors, sub-contractors and building concerns throughout our mutual footprint for many years,” said Steve Laganas, ABLE’s CEO. “The company offered a wide range of rental products while providing site and general trade services to a loyal customer base.

We are extremely excited that the Elite Construction Rental Team has joined the ABLE Equipment Rental team.

“Strategically, this partnership with Elite will allow us to continue to serve as a dependable provider of aerial equipment and service to Elite’s current customer base,” addedChris Pera, ABLE’s COO. “Additionally, we’ll be able to offer a broader product range for both rent and sale, further fulfilling Elite’s customer equipment needs.”

The news comes following ABLE’s recent announcement that it received an increase to its existing Asset Based Loan with M&T Bank as Lead Arranger and Administrative Agent. The transaction provided ABLE with a $35 million accordion feature for future growth. 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Terex to move 10 Genie product lines
Genie will begin producing a range of its scissors, vertical mast units and telehandlers from its Monterrey, Mexico plant
LGMG’s Mexico plant set to open in second half
Chinese manufacturer will begin producing MEWPs for U.S. customers from new Monterrey, Mexico plant later this year
ConExpo-Con/Agg draws record visitors
Show confirms “live events are very important”, says Chair of the show
CONNECT WITH THE TEAM
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Belinda Smart
Belinda Smart Editor Tel: 44 (0)1892 786209 E-mail: belinda.smart@khl.com
CONNECT WITH SOCIAL MEDIA