RentX CEO Evans Retires

July 1, 2000
DENVER - RentX Industries president/CEO Skip Evans has retired, replaced on an interim basis by Harry Fedden, head of Meyer USA, a division of United

DENVER - RentX Industries president/CEO Skip Evans has retired, replaced on an interim basis by Harry Fedden, head of Meyer USA, a division of United Kingdom-based Meyer Inter-national. Meyer acquired RentX last year for $91 million.

RentX will announce a successor from a short list of candidates in the next few months, according to Evans. In the meantime, the company will continue to pursue acquisitions.

"Acquisitions slowed down as we made arrangements to replace me," Evans told RER. "Acquisitions will pick up now. We have some in the pipeline."

RentX, No. 15 on the RER 100, emerged as the industry's first consolidator in early 1996, focusing mainly on homeowner and light contractor-oriented companies. RentX acquired Zodiac Rental as its platform company from Evans. A former president of the ARA, Evans was named CEO and president last year.

Several other ARA presidents joined Evans in selling their companies to RentX, which now has 69 locations and annual revenue of $70 million.

RentX management includes directors of operations Darrell Fiene and Tim Campbell, and CFO Steve Carlson.