US trench safety rental specialists to merge
30 March 2021
US trench safety rental specialists National Trench Safety (NTS) and Trench Plate Rental Company (TPRC) have announced an agreement to merge.
The combined business - to be called National Trench Safety - will be majority owned by TPRC’s private equity parent company, Tailwind Capital. The financial details have not been disclosed.
The deal will create the largest specialist rental supplier of shoring, trenching and traffic control equipment, combining NTS’s 34 locations with TPRC’s 37 depots.
NTS’s two UK rental locations will remain open, a spokesperson told IRN.
TPRC’s President and CEO, Phil Mason, will be President and CEO of the merged business. He said the combined company will have greater national reach, an enhanced fleet and improved service capabilities, with the merger to “bring together our complementary businesses to drive unmatched customer service and continued growth.”
National Trench Safety founder, President and Chief Executive Officer Ronald Chilton will join the board of the merged company.
Bruce Dressel, the former COO of Herc Rentals and past CEO and President of Sunbelt Rentals in the US, is Chairman of TPRC and Operating Executive of Tailwind.
He said; “Over the last 18 years, Ron Chilton has built a nationally-renowned trench safety solutions platform with a stellar reputation. We are pleased to partner with the NTS team and look forward to driving long-term sustainable growth via new greenfields and additional M&A.”
Dressel, who joined Tailwind Capital in 2020 and became TPRC chairman in January this year, added; “We believe that the combined platform will allow us to better serve our customers and will provide exciting opportunities for our employees.
“I look forward to welcoming Ron to our board, where his deep industry knowledge and strategic insight will help further define our growth aspirations.”
TPRC is based in Downey, California, while NTS is headquartered in Houston, Texas.