21.07.2020

Eberhart Capital acquires Barrett’s

US based private equity firm Eberhart Capital of Scottsdale, Arizona, has acquired Barrett's Equipment of Englewood, Florida, from founder-owner Joe Barrett.

This is its second acquisition in the state, having also acquired The Equipment Source in Naples, Florida, and the 20th acquisition since the company was set up by Dan Eberhart in 2009 – three of them rental companies.
Please register to see all images

Barretts is a JLG aerial lift dealer and offers Gehl and Genie telehandlers

Barrett's was established by Joe Barrett in 2000 and operates from a base in Englewood, between Fort Myers and Sarasota. It offers a wide range of equipment including aerial lifts and telehandlers as well as the general earthmoving equipment and is a JLG, Gehl and Atlas dealer.

Barrett veteran Jake Strictland will manage the business as the new branch manager, Eberhart also owns Contractor Sales & Service in Des Moines, Iowa.

Managing director Dan Eberhart said: "Florida is an attractive place to invest because of its pro-business attitude and continuing economic growth. While the 2020 outlook may look different due to the pandemic, the construction industry on the West Coast of Florida achieved revenue growth of 15 percent in 2019, which helps fuel construction projects and rentals."

Joe Barrett added: "We are very excited to have Eberhart Capital to take the business to the next level. They have the business knowledge and the power to compete in today's aggressive market."
Please register to see all images

Dan Eberhart (L) closes the deal with Joe Barrett