BlueLine Rental has completed its acquisition of Virginia-based Capital Rentals. Capital Rentals was founded in 1969 and has five branches across the region. The deal expands BlueLine’s footprint into the Washington, D.C. market, which is an area that ranks among the top ten MSAs for rental revenue, as ranked by IHS Global in 2016.
Asterios Satrazemis, BlueLine’s CEO, said with Capital Rentals operating independently for nearly 50 years, the organization aligns closely with the BlueLine’s culture.
“At BlueLine we believe our heart of an independent is what sets us apart from other large competitors. Today we strengthened our team and improved our density in Washington D.C., ultimately positioning us to better serve our customers in the market,” Satrazemis said.
Catalyst Strategic Advisors, LLC served as the exclusive advisor to Capital Rentals. Details of the deal were not immediately disclosed.