BlueLine to acquire Trico Equipment
By Helen Wright04 February 2015
US rental company BlueLine has expanded its aerial lift fleet and strengthened its presence in the Mid-Atlantic region and Texas with a deal to acquire Trico Equipment.
Trico is a rental company specialised in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas.
BlueLine Rental CEO Phil Hobson said, “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.
“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."
Mr Hobson added that the Trico senior management team was expected to stay on with BlueLine in management roles following the closing of the transaction.
The Trico deal follows the company’s move in September last year to acquire JustRuss Rental, a full-service equipment rental company with three locations in Alabama.
Platinum Equity partner Louis Samson said, "We continue delivering on our promise to help BlueLine grow in a smart and strategic way.
"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."