M&A Market Heats Up with December Surprises

RSS

A lot of people were taken by surprise recently waking up to the news that United Rentals was acquiring RSC. In a conceptual sense, it wasn't surprising. People in the rental industry have expected some degree of consolidation at the top among major rental companies for a while. If you've been backpacking in the Himalayas and somehow missed this news, check it out at: http://rermag.com/trends_analysis/headlinenews/united-rentals-buys-rsc-industrys-largest-merger-121611/.

Names and rumors are bandied about periodically. I'll occasionally get a call from a Wall Street type analyst asking me something to the effect of “Do you think Sunbelt is going to buy Hertz?” No, I'm not starting a rumor here, I just picked those names out of the air. You could insert any name of a major player: Neff, Ahern, NES, pick it, the rumors fly when they fly.

But there wasn't any buzz about United/RSC, at least nothing came across my radar screen and nobody I spoke with afterwards had heard rumors about it either. So maybe the “if there's smoke there's fire” cliché is outdated. Maybe if you don't hear any rumors, there's really something to think about.

In some ways this merger is good news for the smaller independent rental companies. In many markets there will now be one less competitor. For example, in a particular market, perhaps United and RSC each have two branches and the new merged company now determines they don't need that many. We will undoubtedly see some closing branches, perhaps fewer locations out there, one less major competitor in some markets.

Inevitably some people will lose their positions and I'm certainly not touting that as something to celebrate. The up side is that some independents and smaller companies may soon find some pretty good mechanics, branch managers, sales people and others looking for work, so keep your eyes open.

One person e-mailed me concerned about United Rentals becoming too big and I pointed out what analyst Dan Kaplan said, that United has about 7 percent of the market and RSC about 4 percent. That adds up to 11 percent, so obviously this industry is still very fragmented with plenty of room for independents.

Another December surprise was Volvo Rents acquisition of Midwest Aerials & Equipment, a four-location primarily aerial rental company run by a team of the most dynamic entrepreneurs and managers in the business – Dan Tumminello, Keith Morrell, Dan Martino and Al Alonzo. Volvo Rents has made a spate of acquisitions in 2011, some their own franchises, some independent companies, but few, if any, with the size and scope of Midwest. It's also the first primarily aerial company Volvo Rents has acquired, so it will be very interesting to see how they integrate. For more information about this acquisition, see http://rermag.com/trends_analysis/headlinenews/volvo-rents-acquires-midwest-aerials-121211/index.html

Discuss this Blog Entry 158

on Jan 8, 2014

Inevitably some individuals will reduce their roles and I'm certainly not offering that as something to enjoy. The up part is that some independents and small organizations may soon find some very excellent techniques, division supervisors, revenue representatives and others looking for work, so be on the lookout. online cricket games

on Sep 17, 2014

A market, or marketplace, is a regular gathering of people for the purchase and sale of provisions, livestock, and other goods. A place where buying and selling occurs.
solarsunfamily.wordpress.com

on Jan 12, 2014

One person e-mailed me involved about U. s. Accommodations becoming too big and I outlined what specialist Dan Kaplan said, that U. s. has about 7 % of the market and RSC about 4 %. That contributes up to 11 %, so obviously this market is still very fragmented with enough for independents. Renewable energy private equity

on Jan 17, 2014

Nous sommes toujours à la recherche de quelque chose de nouveau et frais, de sorte que l'une des personnes se éminents. Dames TAG Heuer montre de diamant de diamants pour représenter le roman est la première fois une replique montre. L'amour à première vue, tout le monde était profondément diamants, indicateur de temps, en particulier dans le diamant rouge attirés.

on Sep 18, 2014

They also decided to hold a grand rally at 3:00pm on February 21, the third of its kind since the protest began on February 5. Smart Price Warehouse

on Jan 18, 2014

Styles sommes toujours à la recherche de quelque select de newly et frais, de sorte que l'une des personnes se éminents. Gratis films downloaden

on Jan 18, 2014

What has been the most thought-provoking query that you have been requested in the Indicate Program. wood futon bunk bed

on Aug 18, 2014

He added that there were multiple kidnapping and murder charges against the 'extremist' leader including the killing of local UP Chairman Nurul Islam. Agen Judi

on Aug 20, 2014

Naturals Orange Cream e-Liquid is a sweet eJuice made with 100% VG. This extraordinary eJuice offers the crisp and fruity taste of juicy oranges blended with the distinctive flavor of sweet cream. Organic e-Liquid

on Jan 21, 2014

Very very nice and interesting blog i like it very much and read and took a tour before commenting dear so i would like to say you thank you dear for sharing with us such a nice information and interesting one so keep it up. dog training

on May 1, 2014

Thanks for sharing this information. I really like your way of expressing the opinions and sharing the information. buy twitter followers uk

on May 17, 2014

Click-Fashions.com is a cheap Korean clothes online store that sells imported clothes wholesale online, ladies clothes, cheap imported bags, fashion bags, accessories, pants with latest trends korea with cheap and affordable prices. Bennett Property Shop Realty

on Aug 20, 2014

Participants must be more motivated to promote the Show to their concentrate on audiences and offer them with benefits for arriving to their device. The display organizer’s job is to get people to the Show, not to a particular company’s device. german car mechanic

on Jun 8, 2014

In the picture it is really nice, I like it! For sure many will say the same thing. lipozene

on Jul 13, 2014

This site is a leading resource for information about the Jeff Martin Heartburn No More PDF book that teaches you unique and rare tips on how to eliminate heartburn and cure acid reflux in as little as 2 days.video presentation

on Jul 17, 2014

While there are many benefits of Charlotte SEO services the following are most important for businesses. Our Charlotte marketing agency specializes in SEO to make your work easy as a business enterprise.charlotte marketing firm

on Aug 1, 2014

Sensational article this really is. Many people have said that not much good articles come now but I want to tell them to visit this article once. They'll remember the good old times when their were classy and amazing articles! Cheers for this. venus factor download

on Sep 22, 2014

Useful information on topics that plenty are interested on for this wonderful post.Admiring the time and effort you put into your. philip @ Leaks Fix

on Aug 28, 2014

I just thought it may be an idea to post incase anyone else was having problems researching but I am a little. the truth about cellulite

on Aug 3, 2014

While there are many benefits of Charlotte SEO services the following are most important for businesses. Our Charlotte marketing agency specializes in SEO to make your work easy as a business enterprise. similar web site

on Aug 18, 2014

It's such an amazing thing when a parent passes down his old car that he bought from a local dealership because he got himself a new one from http://parkplaceprinting.net/DEALER_DECALS.html. It's thrilling to have a car of your own and dads are also happier with their new car.

on Aug 21, 2014

Great info. I love all the posts, I really enjoyed, I would like more information about this, because it is very nice., Thanks for sharing... Bellewoods Executive Condominium

on Aug 22, 2014

As such, I am able to provide you with high quality PHP programming, script modifications, script installations, and software debugging, both for large projects, as well as quick five-minute bug fixes. PHP Development

on Aug 26, 2014

I really enjoy simply reading all of your weblogs. Simply wanted to inform you that you have people like me who appreciate your work. bitcoin hosting

on Jun 9, 2014

These is attractive were presented by oil categories in delayed Nov 2012, increasing a variety of problems, such as the effect of the 2012 famine and problems about fake RINs. navigate here

on Jul 24, 2014

Thanks for writing such a good article, I stumbled onto your blog and read a few post. I like your style of writing. anonymous

on Aug 4, 2014

The The scenario of the condition of kentucky Soothing Team immediately finished participation in the Dismas employee program, saying in a announcement that “protecting (our) employees and volunteers is our most essential.” Read Homepage

on Aug 6, 2014

IVECO and DAF. In these years we have been developed many products modals. And we also could help to develop new pruducts as well if customers require. Butlers Antiques

on Aug 7, 2014

21 beginning at 4 p.m. and will consist of meals vehicles, a warmed covering, apocalyptic films and stay songs by the Unusual Houseflies and Alanna Fugate. Amazon

on Aug 19, 2014

Point is, I’m an endlessly curious person, and yet, this advice to be curious is some of the best I’ve ever gotten. And is, ironically, necessary. different with Bennett's companies

on Sep 22, 2014

Large porocessions are meeting at Shahbag Projonmo Chottor every now and then. read more

on Jul 2, 2014

The present conventional PC industry has experienced challenges, revenue or even decrease, while Microsof organization Windows8 changes and the appearance of ultra-pole and seem unable to reverse the trend. kominki katowice

on Jul 28, 2014

This is a nice post. Responsive Web design is the approach that suggests that design and development should respond to the user’s behavior and environment based on screen size, platform and orientation. anonymous

on Aug 4, 2014

The The scenario of the condition of kentucky Soothing Team immediately finished participation in the Dismas employee program, saying in a announcement that “protecting (our) employees and volunteers is our most essential.” where Heiberger has worked for many years.

on Aug 7, 2014

It’s a bit embarrassing to be told this, to be reminded of this, because I am nothing if not a curious person, always have been. Like most of us, for me the Internet is an absolute god and a devil. LinkedIn

on Aug 11, 2014

Long Island was recently devastated by a bad weather and I need to get flood insurance in LI, now. I called Denis Miller Insurance and they made the process of getting flood insurance in Long Island easy and fast. FreedomPop

on Sep 4, 2014

Embarrassing to be told this, to be reminded of this, because I am nothing if not a curious person, always have. click for more

on Sep 7, 2014

To construct a pyramid in this fashion points out some interesting thoughts about it. Such an art work is the thought of a brilliant artist and if can be attained, then it is a big credit for the artist. Thanks for mentioning some interesting updates related to it. https://www.rebelmouse.com/ryanshedplansreviews/

on Sep 20, 2014

On our site you’ll be able to find the best of the best when it come to stable tables, lap desks, lap tray and everything else in between. Stable Table

on Aug 8, 2014

The The scenario of the condition of kentucky Soothing Team immediately finished participation in the Dismas employee program, saying in a announcement that “protecting (our) employees and volunteers is our most essential.” CEG TEK International

on Aug 12, 2014

I enjoyed reading the article and thank you for sharing it. I appreciate your effort and good to know more details regarding the topic. totally free LTE services

on Aug 17, 2014

You can also arrange things for yourself and opt for individual customized services like stall designer in Mumbai. These people will help you out only in the part which deals with installation of stalls. All you need to do is find the venue and collect detailed information about it.Exhibition Stall Designing Mumbai

on Aug 31, 2014

The Doggy Dan Online Dog Trainer has the unique distinction of being the world's only video based dog training website endorsed by the Society for the Prevention of Cruelty to Animals (SPCA) and many dog owners are having great results using Doggy Dan's training methods. fastest way to train your dog

on Aug 31, 2014

This is an excellent post I seen thanks to share it. It is really what I wanted to see hope in future you will continue for sharing such a excellent post. sims drive condo

on Aug 31, 2014

Vitiligo Miracle by David Paltrow is a digital product and can be downloaded instantly after purchase in PDF (ebook) format or viewed directly online using your favorite web browser.https://www.rebelmouse.com/vitiligomiracle/

on Sep 4, 2014

The Desire System by Dr. David (the Asian Rake) gives you high definition access to a closed-door seminar (4 videos, audio, and written transcripts) taught at the Aura Dating Academy which reveals a step-by-step system for lightning fast seduction based around the concept of "emotional contagion".how can a man turn a woman on

on Aug 25, 2014

On the level of banking organizations, you have to select only one standard bank as a concentrate on - ANZ is a fantastic one. Yes, some pedants will try and say that's not affordable to ANZ since other banking organizations do the same aspect. google

on May 24, 2014

Now you need to find the ways to make it as clear and compelling as it can be. It’s about putting your original vision into a crystal clear focus. pond nordsjælland

on Jul 23, 2014

I feel really happy to have seen your webpage and look forward to so many more entertaining times reading here. Thanks once more for all the details. click to investigate

on Aug 17, 2014

All we ask is that you basically keep them at house until they are older enough to try what we provide. We perform them eat foie gras. But what fussy kid does not like buttered noodles All you have to do is ask. We are up to the task. StansberryRadio.com

Please or Register to post comments.

What's Rent Talk?

Rent Talk is the premier blog of Rental Equipment Register Magazine

Contributors

Michael Roth

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a...

Gary Stansberry

Gary Stansberry is president of The Stansberry Firm LLC and specializes in business sales, fair market business valuations, operational consulting and positioning businesses to increase their value.
Blog Archive

Sponsored Introduction Continue on to (or wait seconds) ×