12.12.2012
Ashtead acquires JMR
Ashtead’s Sunbelt Rentals has acquired the business and assets of JMR Industries , an aerial lift, telehandler, generator and lighting tower rental company that targets the oil & gas industry.
Sunbelt has paid $32 million for JMR, with deferred consolidation of up to $12 million payable over the next three years depending on future profitability. Owners, Jimmy Roark and Jimmy Shelton will remain with the business.
JMR operates from a single location in Odessa, Texas but covers western Texas, New Mexico, South West Colorado, North East Arizona and southern Utah.
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