Former United Rentals CFO Plummer Joins Cisco Equipment as Chairman of the Board
Cisco Equipment, a Texas-based equipment solutions provider and rental company with a dominant presence in the Permian Basin, has named Bill Plummer, former chief financial officer and executive vice president of United Rentals, as chairman of its board of directors. In addition to Cisco’s presence in Texas, it has a national and global presence through its Project Services division.
During his tenure at United Rentals, Plummer brought his significant expertise to bear on behalf of the business. He was instrumental in helping the company execute a strategy of strong organic growth and acquisitions, strengthening the company’s capital structure, and improving free cash flow. He was also responsible for leading the company’s safety function, its data and analytics efforts and several key profit improvement initiatives, all of which combined to created substantial shareholder value. Plummer was also instrumental in transforming United Rentals into a more broadly focused comprehensive equipment solutions and services company.
“We are thrilled to have Bill’s experience and guidance as we expand the services focus of our company,” said Cisco Equipment CEO CJ Sibert. “Our goal is not to only be thought of as an equipment supplier but to provide unmatched equipment solutions and services to our customers and Bill is the right person to help lead us there.”
Cisco is excited to welcome Plummer to its board of directors and expects that he will provide critical advice and guidance as the company pursues an aggressive organic expansion and acquisition plan to become the premier equipment solutions provider to the infrastructure and energy infrastructure construction markets.
Cisco Equipment was recently acquired by CJ Sibert in partnership with Stellex Capital Management LP and Mill Rock Capital from his father Scott Sibert. Since the acquisition Cisco has pursued an aggressive growth strategy designed to consolidate its position in the Permian Basin and energy infrastructure construction market, while expanding its Project Services division to serve existing and new customers on a national basis.
Cisco was founded by Scott Sibert in 1978 and has grown over the last four decades to become one of nation’s leading providers of equipment, services, parts and supplies to the midstream infrastructure, general construction, agriculture and general industrial markets. The company’s specialized service capabilities, diverse and versatile suite of equipment for rent or sale and strategic footprint are integral to its customers’ exacting operating requirements. Cisco is recognized for its project services, maintenance and repair solutions, technical expertise, operational flexibility and customer service.
Headquartered in Odessa, Texas, Cisco Equipment is No. 61 on the RER 100.
