M&A Deal Summary

Herc Rentals Acquires Reliable Equipment

On November 1, 2021, Herc Rentals acquired business services company Reliable Equipment

Acquisition Highlights
  • This is Herc Rentals’ 8th transaction in the Business Services sector.
  • This is Herc Rentals’ 7th transaction in the United States.
  • This is Herc Rentals’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2021-11-01
Target Reliable Equipment
Sector Business Services
Buyer(s) Herc Rentals
Deal Type Add-on Acquisition

Target

Reliable Equipment

Londonderry, New Hampshire, United States
Reliable Equipment is a full-service provider of equipment rentals with a fleet that includes aerial, material handling and earthmoving equipment, as well as specialty climate control and power generation equipment. Reliable Equipment was founded in 2010 and is based in in Dover and Londonderry, NH.

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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 9 of 11
Sector (Business Services) 8 of 10
Type (Add-on Acquisition) 9 of 11
State (New Hampshire) 1 of 1
Country (United States) 7 of 9
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Rapid

Mississauga, Ontario, Canada

Rapid is a full-service general equipment rental company serving construction and industrial customers throughout the Greater Toronto Area. Rapid was founded in 2013 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Cloverdale

Oak Park, Michigan, United States

Cloverdale is a full-service construction equipment distributor and rental company, providing mobile elevating work platforms, telehandlers, forklifts, rough terrain, and industrial cranes, boom trucks, portable air compressors, and other related construction equipment. Cloverdale was founded in 1963 and is based in Oak Park, Michigan.

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Mergr

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