LGP Equipment Rentals, Bell Gardens, Calif., has acquired F&B Rentals, a three-location independent rental company in Orange County, Calif.
“When our family was presented with this opportunity, we knew it would be an excellent fit with our existing network and its potential as a strong entry point into Orange County,” said Luis Gutierrez, owner of LGP Equipment Rentals. “F&B has been in business for 50 years and we look forward to building on this legacy and adding to the continued growth and success of LGP.”
“LGP’s acquisition of our third-generation company that was established in 1975 will ensure that our customers will be in good hands going forward,” said Rob Shipley, co-owner of F&B Rentals.
Co-owners Rob and Jessica Shipley will remain and consult with LGP for a transition period, as will F&B’s general manager Alberto Pianelli. F&B Rentals has branches in Santa Ana and Orange, Calif.
Fred Hageman of Rental Business Advisors represented F&B Rentals Inc. in the transaction. Terms of the deal were not disclosed.
