GRANBURY, Texas and CAMERON PARK, Calif. — Former Hageman, Stansberry & Associates partners Gary Stansberry and Fred Hageman have parted company and independently started new rental industry consulting firms.
Stansberry last month announced the formation of The Stansberry Firm to assist rental business owners with the strategic direction of their company. The firm's primary services are business sales, fair market business valuations and operational consulting
“We are looking to create long-term relationships within the rental community and be open and accessible to all rental business owners,” said Stansberry, founder and president. “Regardless of the service, our goal is to help rental business owners improve the value of their company. We can assist business owners with a business sale, either now or in the future, or if a business sale is not part of the strategic plan, we can assist in improving cash flow from operations.”
Stansberry is a veteran of more than 20 years in the rental industry. His prior experience includes rental store acquisitions as an executive with two national acquirers and rental business sales as the seller's representative. A previous rental business owner/operator, Stansberry's experience also includes financial and operational analysis of rental stores.
“In addition to companies specifically in the rental industry, we will also work with businesses in manufacturing, supply and distribution that cater to the rental industry as well as those related to special events, construction and industrial segments,” Stansberry said.
Hageman formed a new professional mergers and acquisition corporation called Rental Acquisitions LLC. The new company will focus primarily on representing closely held construction equipment rental companies, as well as high-end, select party/special event rental companies.
Hageman, who began his career in the equipment industry in the manufacturing sector, added that he also intends to work with construction equipment manufacturers in some capacity, including m&a.
Hageman told RER that Rental Acquisitions LLC is not affiliated with HS&A or his former business partner Gary Stansberry, with whom he parted amicably.
“We had a good run and now are going in a different direction,” Hageman said. “We are still good friends.” Hageman added that he didn't rule out collaborating with Stansberry on future projects.
Joining Rental Acquisitions LLC as a partner is Hageman's wife Sheri, who grew up around the equipment rental industry. Sheri Hageman holds a degree from the University of Colorado, and is the daughter of industry veteran Fred Unsworth.
“Sheri has even more years in the industry than I do, which is at 24 and counting,” Hageman said. “I met her when I worked with her dad at Amida (now a division of Terex) and she is as bright as they come. She is now back in the workforce after very successful ventures and it's a new chapter for us. We look forward to continuing working together. She was instrumental in the success of my previous firm, HS&A, and already is making an impact on our new firm.”
Rental Acquisitions is based in Cameron Park, Calif. Information can be found at www.rentalacquisitions.com.
The Stansberry Firm is headquartered in Granbury, Texas. For more information, visit www.thestansberryfirm.com.