Cross Country buys Five Star
By Thomas Allen12 August 2019
US-based Cross Country Infrastructure Services has acquired Five Star Equipment Rental for an undisclosed amount.
With this acquisition, Cross Country gains an established central US equipment rental player at the crossroads of a number of oil and gas, and infrastructure projects.
Gerry Plescia, CEO of Cross Country, said, “Five Star’s utility size equipment and general equipment lines will allow us to add an expanded product offering to our existing customer base, while also increasing Cross Country’s reach in the Central US market.”
Plescia, who was President of Hertz Equipment Rental Corp (now Herc Rentals) for almost 14 years between 1997 and 2011, has been CEO of Cross Country since late 2013.
Making reference to Five Star Co-Owner Bob Lewis, Plescia added, “The addition of this outstanding operation will enable us to serve an important market with quality equipment and an experienced staff. We are pleased to welcome Bob Lewis and the Five Star sales team, which are some of the best in the equipment rental industry.”
Five Star Equipment Rental has been serving Oklahoma and its bordering states since 1997, providing equipment rental solutions and services to the construction, energy, industrial and infrastructure markets. Five Star’s equipment rentals include earthmoving, compaction, aerial, forklifts and water pumping solutions.
Over the past five years, Cross Country has acquired several companies with industry specialties to strengthen and diversify its services and products. These acquisitions include Power Associates International in 2013, Sideline Specialty Equipment in 2015, Stone Pump & Trench and PWI Supply in 2016, and Rain2Day in 2018.
Cross Country was ranked number 81 in this year’s IRN100 league table of the world’s largest rental companies.