Volvo Rents expanded its California footprint by acquiring U Save Equipment Rentals, a single-location rental center in San Francisco. Volvo Rents, which has made 28 acquisitions since the beginning of the year, including six in California, now has 13 rental centers in California and 131 branches in North America.
According to a recent forecast by economists at IHS Global Insight, California will spend the most construction dollars through 2016 ($723 billion) and will have the third-highest annual average percentage gain at 15.6 percent. McGraw Hill Construction forecasts construction spending in the greater San Francisco area to total more than $21 billion by the end of 2016.
“California’s economy is growing again, and the building industry like no other industry defines economic recovery,” said Mike Crouch, vice president of business development for Volvo Rents. “The acquisition of U Save is a strategic move that will further strengthen our statewide presence and puts us in a favorable position to grow our business and increase the distribution of our comprehensive line of essential equipment. Our goal is to help rebuild a weakened construction market that has left too many jobless, littered the state with incomplete projects and sapped much-needed revenue, commerce and customers out of the local economy.”
“I am confident that our customers are in great hands,” said James Lew, who co-founded U Save in 1990.
Based in Shippensburg, Pa., Volvo Rents is No. 21 on the RER 100.