2012 For the Record
05/03/2012
  • United Rentals, Greenwich, Conn., has expanded its specialty branch network with the opening of two locations in the northeastern United States and one in Texas. The company’s new branch in Manchester, N.H., is part of United Rentals Trench Safety. New locations in Elmwood Park, N.J., and Corpus Christi, Texas, focus on temporary power and HVAC equipment for the construction and industrial markets. “We are continuing to invest in our position as the leading single-source provider of equipment rental solutions for construction, industrial and government applications. The needs of our customers often encompass trench safety, temporary power and climate control services, as well as general construction equipment. We have the ability to address these needs at any job site in North America,” said Paul McDonnell, United Rentals senior vice president—operations, trench safety, power and HVAC.
  • Sunbelt Rentals, Fort Mill, S.C., a subsidiary of U.K.-based Ashtead Group plc, has purchased Topp Portable Air and its related company, Precision Steel Works, in a cash transaction. “We are excited to announce this strategic acquisition that bolsters our ability to serve a diverse customer base in the temperature control and dehumidification market segments,” said Brendan Horgan, CEO of Sunbelt Rentals. “Over the last 20 years the Topp team, led by Dan Topp, has built an industry leading business and we are thrilled to be combining the strengths of our respective organizations.” The Topp organization consists of 15 locations and a corporate office in Aston, Pa., along with a light assembly and manufacturing facility in Rocky Mount, N.C.
  • Volvo Rents, Shippensburg, Pa., in mid-April acquired Nelico Equipment Service and Supplies, a three-store outfit with construction equipment rental showrooms in Mills and Rock Springs, and a contractor supply location in Casper, Wyo. “I have great admiration for the integrity of the Volvo Rents management team and their commitment to local decision-making. The company’s culture of taking care of its employees and customers made becoming part of Volvo Rents an attractive and easy decision,” said Carl Nelson, who founded Nelico in 1994. Nelson will remain active with the operations/management of all three locations as general manager. All 30 of Nelico’s employees will remain employed by Volvo Rents.
  • Aggreko plc, a global leader in the supply of temporary power and temperature control solutions, has entered into an agreement to acquire Poit Energia, a leading provider of temporary power solutions in South America, for about $224 million. The agreement is contingent on the satisfaction of a number of pre-closing conditions and third-party consents. Aggreko says the acquisition of Poit Energia supports its strategy of expanding its local businesses in fast-growing economies and will materially strengthen Aggreko’s business in South America, both in terms of geographic footprint and access to sectors which Aggreko is currently not in or to which it has limited exposure. As of December 2011, Poit Energia had a fleet of more than 1,300 generators equating to around 350MW and employed more than 450 people. Poit Energia is headquartered in Sao Paulo and operates from 14 locations in Brazil, two in Chile and one each in Argentina and Peru.