Hugg & Hall Equipment Co. has acquired RPM Services & Rentals, one of the largest independent equipment rental companies in the Southeast. Based in Little Rock, Ark., Hugg & Hall is one of the leading industrial and equipment rental companies and dealerships operating in Arkansas, Louisiana, Oklahoma, Texas and Missouri.
Headquartered in Houma, La., RPM also has locations in Broussard and Baton Rouge, La. The majority of its revenue comes from the region’s onshore commercial and construction markets. It also derives revenue from the offshore oil and gas industry that includes skid-mounted air compressors and tools for painting, blasting, coating and other maintenance functions. RPM was founded in 2008 by Terry Gold. The acquisition will increase Hugg & Hall Equipment’s Louisiana footprint to 12 stores and position the company to capitalize on favorable industry and regional trends.
“The acquisition of RPM fully supports our strategic objectives in South Louisiana, where we see significant growth and demand for equipment rental solutions,” said Rick Vollmer, vice president of rental, Hugg & Hall. “Under Terry Gold’s direction, RPM has become a highly valued and reliable partner to industrial and construction companies. We are excited to build upon Terry’s success and to further the good work of RPM’s fantastic team of rental professionals.”
“This transaction presents fantastic synergies for both companies,” said Gold. “Hugg & Hall will bring tremendous resources to our employees and loyal customers and together we will execute a smart growth strategy for South Louisiana.”
Stephens Inc. served as Hugg & Hall’s advisor in the transaction. Craft Partners LLC advised RPM.
Hugg & Hall is an authorized dealer for Bobcat, Combilift, Crown, Doosan, Enersys, Extreme, Genie, JLG, Manitou, Sellick, Skyjack, Taylor, Terex, Toyota and Volvo. The company is No. 61 on the RER 100.
