11.01.2018

Able acquires Key

New York based Able Equipment Rental has acquired the assets of Key Equipment of Honey Brook, Pennsylvania - halfway between Philadelphia and Harrisburg - from owner Brian Funk.

As part of the transaction Able will retain the Key Equipment employees and take over the Honey Brook facility, converting it to an Able branch - its fourth alongside it headquarters in Deer Park, Long Island, New York, plus Edison and Pennsauken in New Jersey. The new location will cover central Pennsylvania.

Key Equipment was formed in June 2008 when Brian and father Al Funk purchased 82 Rents which had been in operation in Chester County Pennsylvania since 1998. The Funks had previously been responsible for building Modern Hi Lift into a $45 million, 11 location business, departing in 2004.

The company offers a range or aerial lifts and telehandlers from JLG, Genie, and Skyjack plus Broderson carry deck cranes and Maeda spider cranes. The Able fleet includes Manitou telehandlers, a wide selection of aerial work platforms including spider lifts from TCA and Bluelift, together with Maeda spider cranes, pick & carry cranes and a range or general rental equipment.

Able chief executive Steven Laganas said: "We are delighted that Key Equipment is joining the Able family. Key's expertise and familiarity with the central Pennsylvania market was certainly one of the factors that helped us in our decision making. I look forward to partnering with all of Key's talented employees.”

Chief operating officer Chris Pera added: "From a strategic perspective, it will allow us to continue to serve as a trusted provider of aerial lifts, telehandlers, forklifts, and mini cranes for Key's current commercial and industrial clients. We will be able to offer excavation, portable power, air, heat and traffic control equipment, plus speciality equipment such as rotating telehandlers and under-bridge access platforms all throughout the mid-Atlantic region that Key served."