ABLE Equipment Rental, Inc., based in New York, has purchased the aerial work platform assets of Altitude Equipment Rentals, Manhattan, NY, a subsidiary of Platinum Maintenance Services Corp.
Platinum Maintenance Services Corp. is a provider of scaffolding, façade cleaning and restoration, and interior maintenance services to buildings in New York City.
As part of the transaction, ABLE will provide equipment and services to Platinum and their affiliated companies throughout NYC under a continuing agreement.
"This transaction is a good opportunity for both parties as Platinum can focus on its building maintenance businesses and ABLE can add to its aerial work platform fleet," said ABLE's vice president and general manager, Mike Cohan. "It offers customers of both companies continued top-tier experiences, more transparent pricing and no disruption of services."
The deal's terms were not disclosed.