Since the beginning of its fiscal first quarter 2023, Sunbelt Rentals in the United States, Canada and United Kingdom, has acquired 19 companies for a total of approximately $509 million. Sunbelt acquired 12 companies during the quarter, extending from May 1 to the end of July, and an additional seven more since the quarter ended.
Sunbelt spent $326.3 million on a dozen acquisitions in the fiscal first quarter, with a possible $19.7 million more in contingent consideration. The acquisitions began May 5 with Sunbelt U.K. acquiring the entire share capital of Movietech Camera Rentals Ltd. and Movietech Cymru Ltd. Movietech is a specialty business focusing on film and TV production equipment rental.
On May 13, Sunbelt U.S. acquired the business and assets of the power rental division of FIlmwerks LLC, a specialty business in North Carolina also focused on film and TV production equipment rental.
On May 20, Sunbelt U.S. acquired the business and assets of Mashburn Equipment LLC, a heavy equipment earthmoving rental company in Georgia. Dan Conway of Craft Partners LLC represented Mashburn Equipment L.L.C. in the transaction.
On June 1, Sunbelt Canada acquired the entire share capital of MacFarlands Ltd., a general tool and equipment business in Nova Scotia and New Brunswick.
Following that up, a week later on June 8, Sunbelt U.S. acquired the business and assets of Amos Metz Rentals & Sales LLC, a general tool rental business based in Woodland, Calif., near Sacramento.
On June 29, Sunbelt U.S. acquired the business and assets of George’s Tool Rental, a general and tool and equipment company in Pennsylvania. Gary Stansberry of the Stansberry Firm represented George’s Rental during the transaction.
On July 7, Sunbelt U.K. acquired the entire share capital of PKE Lighting Holdings Ltd., a specialty rental company.
On July 13, Sunbelt U.S. acquired the business and assets of Milford Rent-All, a general tool rental business in Delaware.
Two days later on July 15, Sunbelt U.S. acquired the business and assets of R&N Tool Rental, a tool and equipment rental company in Lebanon, Ind.
On July 20, Sunbelt U.S. acquired the business and assets of Chump Management, trading as Power Equipment Rental, a general tool and equipment rental company in Heber City, Utah.
Two days later, Sunbelt U.S. acquired the business and assets of Harmar Contractors Equipment, a general tool and equipment rental company in Pittsburgh.
And on July 28 Sunbelt U.S. acquired the business and assets of A-V Equipment Rentals, a general tool and construction equipment rental business in Newhall, Calif.
Post-Q1 acquisitions
Since the close of the quarter, Sunbelt made seven more acquisitions for a total purchase consideration of $183 million.
On Aug. 2, Sunbelt Canada acquired the entire share capital of Compact Rentals Ltd., a general tool and equipment rental business in the province of Alberta.
The next day, Aug. 3, Sunbelt U.S. acquired the business and assets of Rental Country Inc., a general tool and equipment rental business based in Vineland, N.J., with three other New Jersey locations.
On Aug. 10, Sunbelt U.S. acquired the business and assets of R.J. Lalonde Equipment, based in Signal Hill, Calif., with branches in Bakersfield and Tracy, Calif. Lalonde Equipment specializes in rental of heavy earthmoving equipment. Dan Conway of Craft Partners LLC represented Lalonde Equipment in the transaction.
On Aug. 24, Sunbelt U.S. acquired the business and assets of Alaska Pacific Rental LLC, a general tool rental business in Palmer, Alaska.
On Aug. 31, Sunbelt U.K. acquired the entire share capital of Optimum Power Services Ltd., a specialty business, providing power rental services in Rochester, England.
On Sept. 1, Sunbelt Canada acquired the entire share capital of Flagro Industries Ltd., a specialty business, providing HVAC services in St. Catherines, Ontario, Canada.
And on the same day, Sunbelt Canada acquired the entire share capital of general tool rental company Xtreme Rentals, based in Langley, B.C., specializing in telehandler and boom lift rentals.
Based in Fort Mill, S.C., Sunbelt Rentals is No. 2 on the RER 100.
