13.05.2008

RSC buys in New England

RSC Holdings one of the largest equipment rental companies in North America, previously owned by Atlas Copco, has announced an agreement to purchase the operations and certain operating assets of American Equipment Rentals of Providence, Rhode Island.

American is a major aerial lift and telehandler rental company with locations in Providence, Woburn, Massachusetts and New Britain, Connecticut

The company is one of the largest independent aerial equipment rental companies in New England with annual revenues of around $19 million, of which nearly 90 percent comes from rental.

Erik Olsson, RSC’s president and chief executive officer, said: “The addition of American is a key initial step in building a solid presence in New England. American, is an established business with solid, long-standing customer relationships, a tenured sales force and excellent leadership.”

American was owned by FST Equipment Rentals and AER Holdings, details of the transaction, which is expected to close early in the third quarter of 2008, were not disclosed.