Strategic Add-On
Acquisition Strengthens BlueLine’s Aerial Lift Offering, Expands Presence in Mid-Atlantic
Region and Texas
HOUSTON, Texas – March 2,
2015 – BlueLine Rental, a
full-service equipment rental company, today announced it has completed the
acquisition of Trico Equipment, Inc., a rental company specialized
in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland
and Texas. Terms of the transaction were not disclosed.
“We
are excited to join forces with Trico, which will strengthen our aerial fleet, provide
access to new customers, and help continue delivering on our growth strategy,”
said BlueLine Rental CEO Phil Hobson.
“Our businesses are very complementary and we expect a seamless
transition.”
Hobson said the Trico
senior management team is staying on with BlueLine in regional management roles.
BlueLine is owned by
Platinum Equity, which acquired the business in January 2014. In September 2014
BlueLine acquired JustRuss Rental Inc., a full-service equipment rental company
with three locations in Alabama, which expanded BlueLine’s footprint in the
Southeast United States.
“We will continue to
support BlueLine’s growth through organic efforts and potentially other
complementary add-on acquisitions that provide synergies with BlueLine and
strengthen the company’s mix of equipment and customers,” said Platinum Equity
Partner Louis Samson.
About BlueLine Rental
BlueLine Rental is one of the
largest providers of rental equipment services in North America, offering
comprehensive lines of earthmoving, aerial and other construction equipment to
service its customer base across multiple end markets, including the
industrial, energy, infrastructure, nonresidential and residential
construction, and non-construction markets. For more
information about BlueLine Rental, visit www.bluelinerental.com or call 888-899-8658.
