Volvo Rents continued its acquisition spree with the purchase of WED LLC, a single-location equipment rental center in Oklahoma City. The company was previously co-owned by Volvo Rents franchisees David Evans, Max Weldon and David Darby.
Volvo Rents said an increase in local construction spending is expected to total more than $14.5 billion between 2012 and 2016.
Evans, Weldon and Darby began their relationship with Volvo Rents early in 2010.
Volvo Rents is continuing to operate its franchise network and is growing a network of company-owned stores, acquiring some of the franchises.
Based in Asheville, N.C., Volvo Rents is No. 17 on the RER 100.