During the recent fiscal year ended April 30, 2023, Sunbelt Rentals acquired 50 companies for a total cash consideration of $1,061.3 million, with an additional $21.9 million in contingent consideration, for a total of $1,083.2 million.
Sunbelt Rentals U.S. made 38 acquisitions, Sunbelt Canada made seven and Sunbelt U.K. made five.
In the fiscal fourth quarter, from February through April 2023, Sunbelt acquired 12 companies:
On Feb. 7, 2023, Sunbelt U.S. acquired the business and assets of Key Rentals Group LLC and TBG Equipment LLC, a specialty business operating in Montana. On Feb. 17, Sunbelt U.S. acquired the business and assets of West Ashley Tool & Rental LLC, a general tool business operating in South Carolina.
On Feb. 21, Sunbelt U.S. acquired the business and assets of C2 Equipment Rental LLC, a general tool business operating in Florida. The next day, Feb. 22, Sunbelt U.S. acquired the business and assets of BigSky Rents & Events, a general tool rental business operating in Montana.
On Feb. 28, Sunbelt U.S. acquired the entire share capital of Bullet Rentals & Sales, a general tool business in Oregon.
On March 1, Sunbelt Canada acquired the entire share capital of Ottawa Rental & Supply Ltd., trading as Ontario Rental & Supply. ORS is a general tool business operating in the province of Ontario.
On March 3, Sunbelt U.S. acquired the business and assets of Ned R. Werbe Inc., trading as A Rental Service Co., a general tool business operating in Indiana.
On March 15, Sunbelt U.S. acquired the business and assets of Double D Rentals, a general tool business operating near Riverside, Calif. Fred Hageman of Rental Business Advisors represented Double D Rentals in the transaction. Also on March 15, Sunbelt U.S. acquired the business and assets of Equipment Rental Options Company, LLC. ERO is a general tool business operating in Pennsylvania.
On April 12, Sunbelt U.S. acquired the business and assets of R&R Group LLC, a general tool business operating in the Seattle area. Hageman of Rental Business Advisors represented R&R Group in the transaction.
On April 21, Sunbelt U.S. acquired the business and assets of Advantage Tool Rental, a general tool business operating in Indiana.
On 26 April 2023, Sunbelt U.S. acquired the business and assets of Elms Equipment Rental Inc. and an affiliated company, Quintet Leasing Inc., is a general tool business operating in California.
Going back to fiscal first quarter, as previously reported in RER, Sunbelt UK, on May 5, 2022, acquired the entire share capital of Movietech Camera Rentals and Movietech Cymru Ltd., a specialty film production rental business. 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. On May 20, Sunbelt acquired the business and assets of Mashburn Equipment LLC, a Georgia-based general tool rental business.
On June 1, Sunbelt Canada acquired the entire share capital of MacFarland's Ltd., a general tool business in Nova Scotia and New Brunswick. On June 8, Sunbelt U.S. acquired the business and assets of Amos Metz Rentals & Sales LLC, a general tool rental company in California. On June 29, Sunbelt U.S. acquired the business and assets of George’s Tool Rental, a general tool business in Pennsylvania.
On July 7, Sunbelt U.K. acquired the entire share capital of PKE Lighting Holdings Ltd., a specialty rental business. On July 13, Sunbelt U.S. acquired the business and assets of Milford Rent-All, a general tool business in Maine.
On July 15, Sunbelt U.S. acquired the business and assets of R&N Tool Rental, a general tool rental business in Indiana. On July 20, Sunbelt U.S. acquired the business and assets of Chump Management, trading as Power Equipment Rental, a general tool business in Utah. On July 22, Sunbelt U.S. acquired the business and assets of Hamar Contractors Equipment, a general tool business in Pennsylvania.
On July 28, Sunbelt U.S. acquired the business and assets of A-V Equipment Rentals, a general tool business in Southern California.
Fiscal second quarter acquisitions
Second quarter acquisitions began on August 2, with Sunbelt Canada acquiring the entire share capital of Compact Rentals, a general tool business in Alberta. On August 3, Sunbelt U.S. acquired the business and assets of Rental Country Inc., a general tool rental business in New Jersey. On August 10, Sunbelt U.S. acquired the business and assets of R.J. Lalonde Inc., a heavy equipment rental business in based in Signal Hill, Calif., listed on the RER 100. Dan Conway of Craft Partners LLC represented Lalonde Equipment in the transaction.
On August 24, Sunbelt U.S. acquired the business and assets of Alaska Pacific Rental LLC, a general tool business in Alaska. On August 31, Sunbelt U.K. acquired the entire share capital of Optimum Power Services Ltd., a specialty rental business.
On September 1, Sunbelt Canada acquired the entire share capital of Flagro Industries Ltd., a specialty rental business in Ontario. On Sept 1, Sunbelt Canada acquired the entire share capital of Xtreme Rentals Ltd., a general tool business in Alberta. On September 16, Sunbelt U.S. acquired the business and assets of Tel-Power Tool & Equipment Rental, a general tool rental business in Pennsylvania. On Sept. 21, Sunbelt U.S. acquired the business and assets of Rent Mart Inc., known as Absolute Equipment, a general tool business in Pennsylvania.
On October 3, Sunbelt U.K. acquired the business and assets of Media Access Solutions Ltd., a specialty rental business. On October 5, Sunbelt U.S. acquired the business and assets of Runiesnor Ltd Partnership, known as BiltRite, a specialty business in Texas. On October 11, Sunbelt U.S. acquired the business and assets of Comeback Rentals LLC, a general tool business in South Carolina.
On October 12, Sunbelt U.S. acquired the business and assets of Presbone Corp., doing business as Pinellas Rental Center, a general tool rental business in Florida. On October 19, Sunbelt U.S. acquired the business and assets of Meco Miami, a general tool business in Florida.
And on October 26, Sunbelt U.S. acquired the business and assets of Heater Rental Services LLC, a general tool and specialty business in Minnesota.
Acquisitions continuing into the fiscal third quarter
Continuing its acquisition activity in the fiscal third quarter, on November 1, Sunbelt Canada acquired the entire share capital of Modu-Loc Fence Rentals LP and Sunbelt U.S. acquired the entire share capital of Modu-Loc USA, a specialty business operating across Canada and in Texas.
On November 4, Sunbelt U.S. acquired the business and assets of Iron Oak Energy LLC and Spoonbill Logistics LLC, an RER 100-listed general equipment rental company in Louisiana. On November 9, Sunbelt U.S. acquired the business and assets of Wagner Rental & Supply Inc., a general tool business in Ohio and Kentucky.
On November 10, Sunbelt U.S. acquired the business and assets of OxTwo Equipment Sales LLC, a specialty business in South Carolina. On November 16, Sunbelt U.S. acquired the business and assets of Ohio Rental, Mt. Vernon Inc. and Ohio Rental of Johnstown Inc., a general tool business in Ohio.
And on December 2, Sunbelt Canada acquired the entire share capital of Studio City Scaffold Ltd., a specialty business in the film and television production space operating in Toronto and Vancouver, Canada, and Los Angeles.
On Dec. 7, Sunbelt U.S. acquired the business and assets of Portable Air LC, a specialty business operating in Florida, Texas and Louisiana.
The next day, on Dec. 8, Sunbelt UK acquired the entire share capital of Alpha Grip, a specialty business.
On Dec. 14, Sunbelt U.S. acquired the business and assets of Diamond Rentals, a general tool business operating in Washington.
It didn’t take long once the calendar turned to 2023 for Sunbelt to resume closing acquisitions. On Jan. 12, 2023, Sunbelt U.S. acquired the entire share capital of Lift Works Inc., an aerial equipment specialty business operating in Illinois.
On Jan. 18, Sunbelt U.S. acquired the business and assets of Straight Up Equipment LLC, a specialty business operating in Ohio.
