Add-on Acquisition • Business Services

Sunbelt Rentals Acquires Runyon Equipment Rental

On September 14, 2023, Sunbelt Rentals acquired business services company Runyon Equipment Rental from Rock Island Capital

Acquisition Context
  • This is Sunbelt Rentals’ 8th transaction in the Business Services sector.
  • This is Sunbelt Rentals’ 13th transaction in the United States.
  • This is Sunbelt Rentals’ 1st transaction in Indiana.

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M&A Deal Summary

Date September 14, 2023
Target Runyon Equipment Rental
Sector Business Services
Buyer(s) Sunbelt Rentals
Sellers(s) Rock Island Capital
Deal Type Add-on Acquisition
Advisor(s) Catalyst Strategic Advisors (Financial)

Target Company

Runyon Equipment Rental

Carmel, Indiana, United States
Runyon Equipment Rental is a provider of rental equipment and tools in the Indianapolis market. Runyon Equipment Rental was founded in 1961 and is based in Carmel, Indiana.
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Buyer Overview 1

Buyer

Sunbelt Rentals

Raleigh, North Carolina, United States

Category Company
Sector Business Services
DESCRIPTION
Sunbelt location in Hermantown, Minnesota.
Sunbelt location in Hermantown, Minnesota.

Sunbelt Rentals is a US equipment rental company. Sunbelt provides equipment rental solutions for the industrial, construction, and municipal markets, plus the DIY markets, from its network of several hundred branches. Its equipment fleet includes a wide range of general construction and industrial equipment, and is further broadened by specialty businesses serving the Pump, Power, Trench Shoring and Scaffold markets.


Deal Context for Buyer #
Overall 14 of 14
Sector: Business Services 8 of 8
Type: Add-on Acquisition 14 of 14
State: Indiana 1 of 1
Country: United States 13 of 13
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Comrent

Broomfield, Colorado, United States

Comrent provides expert solutions that enable companies to evaluate and commission their critical power generation systems with confidence and precision. The company has specialized in power-testing infrastructure, partnering closely with Fortune 500 data centers, electrical utilities, renewable developers, and oil and gas companies to tailor the best load testing solutions to their needs. Comrent was founded in 1997 and is based in Broomfield, Colorado.

Buy -

Seller Profile 1

SELLER

Rock Island Capital

Oak Brook, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rock Island Capital is a private equity firm that provides equity and mezzanine capital to middle-market manufacturing, distribution or service companies located in the US. Rock Island typically invests to support management buyouts, generational changes of ownership, growth and expansion, and recapitalization. Prospective companies generally have sales valued up to $250 million. The Firm will consider both majority or minority positions. Rock Island Capital has offices in Oak Brook, Illinois and Kansas City, Missouri.


Deal Context for Seller #
Overall 13 of 14
Sector: Business Services 3 of 3
Type: Add-on Acquisition 5 of 6
State: Indiana 1 of 1
Country: United States 13 of 14
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-23 Kemco Systems

Clearwater, Florida, United States

Kemco Systems provides custom-designed, high-efficiency water heating and water filtration systems. The company’s customers include laundry companies, food manufacturers, textile companies and construction companies. Kemco Systems was founded in 1969 and is based in Clearwater, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Exposed Design Group

Grand Prairie, Texas, United States

Exposed Design Group is a specialty flooring contractor providing installation, repair, and maintenance of commercial and industrial flooring. The company offers a comprehensive range of services that include concrete polishing, concrete repair, epoxy flooring, joint sealant, expansion joints, waterproofing, and floor coverings. Exposed Design Group was founded in 2009 and is based in Grand Prairie, Texas.

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