M&A Deal Summary

Herc Rentals Acquires CBS Rental

On August 17, 2021, Herc Rentals acquired business services company CBS Rental

Acquisition Highlights
  • This is Herc Rentals’ 5th transaction in the Business Services sector.
  • This is Herc Rentals’ 6th transaction in the United States.
  • This is Herc Rentals’ 1st transaction in New Mexico.

M&A Deal Summary
Date 2021-08-17
Target CBS Rental
Sector Business Services
Buyer(s) Herc Rentals
Deal Type Add-on Acquisition

Target

CBS Rental

Carlsbad, New Mexico, United States
CBS Rental is a full-service general equipment rental company serving construction and industrial customers throughout Texas. CBS Rental was founded in 1986 and is based in Carlsbad, New Mexico.

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Buyer(S) 1

Buyer

Herc Rentals

Bonita Springs, Florida, United States
Category Company
Founded 1965
Sector Business Services
Employees7,600
Revenue 3.3B USD (2023)
DESCRIPTION
Herc Holdings' corporate headquarters in Bonita Springs, Florida.
Herc Holdings' corporate headquarters in Bonita Springs, Florida.

Herc Rentals is an equipment rental supplier. Herc Rentals is a full-line equipment-rental supplier in key markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. Herc Rentals was formed in 1965 and is based in Bonita Springs, Florida.

DEAL STATS #
Overall 6 of 11
Sector (Business Services) 5 of 10
Type (Add-on Acquisition) 6 of 11
State (New Mexico) 1 of 1
Country (United States) 6 of 9
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Champion Rentals

Houston, Texas, United States

Champion Rentals is a full-service general equipment rental company comprising approximately 100 employees and four locations serving contractors and industrial, manufacturing, and government customers in the Houston metropolitan area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-03 Dwight Crane

Ajax, Ontario, Canada

Dwight Crane is a full-service provider of equipment and lighting rentals, serving Ontario’s film, event and commercial production community. The company’s rental fleet includes aerial lifts and vehicles, lighting and mounts, cranes, and lighting trucks. Dwight Crane was founded in 1978 and is based in Ajax, Ontario.

Buy -
Mergr

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