Herc buys company in eastern US
By Belinda Smart01 November 2021
US Herc Rentals has acquired New Hampshire-based equipment rental business Reliable Equipment, “a full service provider of equipment rentals” with a fleet that includes aerial, material handling and earthmoving equipment, as well as specialty climate control and power generation equipment.
The terms of the deal have not been disclosed.
With branch operations in Dover and Londonderry, New Hampshire, Reliable Equipment was founded in 2010, has more than 50 employees and service coverage from Boston to Portland.
“The addition of Reliable Equipment expands our New England presence to eight physical locations, allowing us to serve existing and new customers with a larger fleet and improved responsiveness, while also providing greater scale to operate more efficiently across the Northeast US,” said Larry Silber, president and chief executive officer of Herc Rentals.
“This transaction supports one of our key strategic initiatives to expand our presence in urban markets across North America. Reliable Equipment is well positioned in the north Boston metropolitan area and to achieve growth in this dynamic market.
“Our combined teams and resources position Herc Rentals to be a preeminent equipment rental partner throughout New England, serving a diverse mix of construction, industrial and government customers.”
The purchase of Reliable is the latest in a number of acquisitions made by Herc Rentals in the North American market including Toronto, Canada based company Rapid Equipment Rental and Ajax, Ontario-based Dwight Crane along with US sister business LRX LLC.