Montana based Rental Equipment Investment Corp (REIC) has acquired All Rents Tools & Equipment of Seaside, Oregon - North west of Portland - in an all share purchase from current owners Frank Orrell and Sarah Orrell-Poe.
The company runs a fleet of aerial lifts, including booms, scissors and trailer lifts from JLG, Genie, Skyjack and Haulotte, along with a range of scaffold towers and ladders. It also runs a number of telehandlers. The total equipment fleet including earthmoving and other items exceeds 500 units. No details of the transaction have been disclosed.
This latest acquisition takes the number of rental locations within the REIC group to 26, across seven states, Montana, Oregon, Washington, Utah, Colorado, Wyoming and Idaho, It also has an executive office in Florida. It also takes the number of branches in Oregon to seven.
All Rents owner Frank Orrel said: “All Rents has grown rapidly over the past several years and we are proud and thankful to all our employees, customers and vendors who have made our growth possible. Under REIC’s ownership we believe we will be able to expand further and give all our employees continued opportunities”.
REIC chief executive Kevin Fitzgerald added: “All Rents is an excellent well run company that serves north western Oregon and southwestern Washington with a full line of general industrial and construction rental equipment. All Rents fits perfectly into REIC’s existing network of stores in Oregon and Washington and is led by Frank Orrell and Sarah Orrell-Poe who have built All Rents into a market leader in its area. We are looking forward to working with the All Rents team to expand their business”.
REIC was established by Kevin Fitzgerald in 2014, with the intention to bring locally owned companies into a larger business. The locations are all operated by the independent companies that have been acquired – Hillside Rental in Colorado and Wyoming, Pro Rentals in Idaho, Oregon and Utah, Midway Rental in Montana, Excavator Rental Sales (ERS) in Washington and Oregon and Ontario Tool & Rental in Oregon.