United Rentals has acquired Able Equipment Rental, according to reports on social media and Able’s website. Neither company has provided more details about the transaction.
Able Equipment Rental, headquartered in Deer Park, N.Y., is one of the largest and fastest growing companies based in the New York metropolitan area. The company, with six branches, has recently expanded into the Philadephia-South New Jersey area as well. Able has a broad mix of construction equipment for rent – earthmoving, aerial equipment, compaction and more.
Able was founded by Steve Laganas in 1996 and has grown to be one of the leading rental players in the New York area.
In the past year, Able has made a few acquisitions of its own, including Extreme Rentals USA in July of last year, based in Manassas, Va., serving the Delaware, Maryland and Virginia markets. In June, Able acquired Elite Construction Rentals located in Wallingford, Conn., which enabled the company to broaden its footprint further into southern New England.
Able is No. 45 on the RER 100. United Rentals, based in Stamford, Conn., is No. 1 on the RER 100.