RSC Holdings Inc. this week completed the purchase of the operations and certain operating assets of Elizabeth, N.J.-based Independent Aerial Equipment. Financial terms of the transaction were not disclosed.
“The IAE acquisition aligns with our strategy of growth in geographic areas of opportunity, broadening our customer base in New Jersey, New York City and Long Island — the largest metro market in the U.S.,” said Erik Olsson, RSC president and CEO. “The expansion of our footprint in the Northeast attracts opportunities for growth by increasing access and availability for new and existing customers in the region.”
Privately held IAE is a provider of aerial rental equipment, including articulated and telescopic boomlifts, scissorlifts, forklifts and similar equipment. IAE serves industrial and non-residential construction customers located in New York, New Jersey, Connecticut, Maryland, Virginia, Delaware and Pennsylvania with approximately $50 million in fleet at original cost.
“IAE has established itself throughout the Northeast by delivering exceptional service to customers who have come to trust the company with their aerial equipment needs,” said Phil Hobson, RSC senior vice president of operations.
Based in Scottsdale, Ariz., RSC Holdings Inc. is the holding company for the operating entity, RSC Equipment Rental, No 2 on the RER 100.