Strategic Add-On
Acquisition to Strengthen BlueLine’s Aerial Lift Offering, Expand Presence in Mid-Atlantic
Region and Texas
HOUSTON, Texas – February
3, 2015 – BlueLine Rental, a
full-service equipment rental company, today announced the signing of a
definitive agreement to acquire 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.
“Trico
is a very complementary business for BlueLine that will strengthen our aerial fleet
mix and capabilities, provide access to a valuable new customer base in key
regions, and position us well for future growth,” said BlueLine Rental CEO Phil
Hobson. “Our businesses are a good fit culturally as well, with a shared
commitment to quality service and a determination to deliver on behalf of our
customers. The combination brings many talented people together on the BlueLine
team.”
Hobson said the Trico
senior management team is expected to stay on with BlueLine in management roles
following the closing of the transaction.
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 continue
delivering on our promise to help BlueLine grow in a smart and strategic way,”
said Platinum Equity Partner Louis Samson. “We are pursuing complementary,
accretive add-on acquisitions that bring immediate synergies and strengthen our
mix of equipment and customers. Trico is a great fit on all accounts.”
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.
