Volvo Rents has acquired Contractors Equipment Rental, a single-location construction equipment rental company based in Orlando, Fla. The acquisition follows Volvo Rents’ recent acquisitions of Sampson Equipment Co., a three-location company based in the Salt Lake City area; and Slidell, La.-based Tuff Equipment Rentals. Previously only a franchised-based rental chain, Volvo Rents’ new acquisition strategy is helping the company expand its footprint significantly.
With an increase in local construction spending projected to total almost $30 billion between 2012 and 2016, Volvo Rents hopes to be a major player in the Orlando area.
“Since 2002 when we initiated a relationship with Volvo Rents, I have had admiration for the integrity of the Volvo Rents management team and their commitment to local decision-making,” said Gary Tripp, owner of Contractors Equipment Rental. “The company’s culture of taking care of our employees and customers made becoming part of Volvo Rents an attractive decision for my family and my employees. Volvo Rents is embarking on a significant expansion and we look forward to facilitate their growth.”
“Contractors Equipment Rental’s commitment to customer care and local decision-making has enabled the Tripp family to assemble an excellent team that is fully committed to VIP customer service,” said Mike Crouch, vice president of business development for Volvo Rents. “Gary and team will serve a significant role in the expansion of Volvo Rents in the state of Florida.”
Based in Asheville, N.C., Volvo Rents is No. 17 on the RER 100.
