14.10.2022

Herc acquires All-Star

US rental company Herc Rentals has acquired Naples, Florida based All-Star Equipment Rental from Minneapolis based ‘alternative investment management firm’ Hunter Street Partners.

Hunter Street purchased All-Star in 2020 and used it to set up an investment platform to acquire or invest in further equipment rental companies, See: New rental investors gets started. Earlier this year it acquired two further locations - one in Bradenton-Sarasota and the other in Orlando, to create a three location business. See: two more locations for All Star

Hunter Street partner Andrew Platt said: "We are incredibly proud of the growth at All-Star and were pleased to see the strong interest from the Herc team in adding All-Star's equipment rental locations to their platform. Over the course of our investment, All-Star took a strong foothold in two additional cities across Florida, positioning the platform for continued expansion and success moving forward."

Chief executive Neal Johnson added: "We believe it's an opportune time to sell the All-Star platform to the Herc team, who are committed to growing their business globally and providing All-Star continued support to evolve and expand their rental offerings and reach an even broader range of customers. All-Star benefited from strong tailwinds related to the economic recovery, and the sale reflects strong performance and growth of the platform over the last two years, which ultimately benefits the company's customers and employees."

Herc - previously Hertz Equipment Rentals - is the third largest equipment rental company in North America with 333 locations and 6,100 employees.