Volvo Rents acquired Excel Rentals, a two-location construction equipment rental company in Temecula, Calif. Volvo Rents said it plans to open a second location in nearby San Jacinto, Calif., in the first quarter of 2012. With that store, Volvo Rents will have six branches in California, with the others in Sacramento, Bakersfield, Merced and Salida.
Excel Rentals was an independent rental center before the acquisition, owned by rental industry veteran Lynn Ladenes.
“Lynn Ladenes is truly an industry veteran and Excel’s long-time presence in Southern California adds to our strategic growth,” said Mike Crouch, vice president of business development for Volvo Rents.
Crouch added that he sees a “secular shift” towards rental, expanding from renting about a third of their equipment to about 50 percent.
Volvo Rents is No. 17 on the RER 100.