Herc acquires in California

Photo: Catalyst Strategic Advisors Photo: Catalyst Strategic Advisors

Herc Rentals has acquired independent equipment rental company Summit Equipment Rentals. No financial details of the deal have been disclosed.

Based in Southern California, Summit Rentals has three locations in Menifee, Chula Vista and Santa Ana and employs around 70 members of staff.

Its fleet includes aerial work platforms, forklifts, earthmoving and construction equipment from the likes of Genie, JLG, Bobcat, Bomag and Terex.

IRN has been told that all existing members of the Summit Equipment rentals staff will remain with the company. 

Mergers and acquisitions specialist Catalyst Strategic Advisors served as the exclusive transaction advisor to Summit Equipment Rentals.

The company has also worked on previous Herc purchases, including Power Rents, Cloverdale Equipment and Rental Equipment Center

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
MCS launches QR code functionality
QR code offers immidiate access to essential data
Kubota to consolidate two U.S. subsidiaries
Company plans to consolidate its two Georgia-based manufacturing operations into one
CECE joins transatlantic call for end to EU/US steel tariffs
Industry bodies rally as steel and aircraft dispute threatens to be renewed
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Lewis Tyler
Lewis Tyler Editor Tel: 44 (0)1892 786285 E-mail: lewis.tyler@khl.com