FocalPoint facilitates deal between All Reach and Hertz

By Maria Hadlow25 April 2008

With the help of financial advisors, FocalPoint, All Reach Equipment, LLC based in, Connecticut, USA has been acquired by Hertz Equipment Rental Corporation for an undisclosed sum. All Reach rents, sells and services aerial booms, scissor lifts, straight mast forklifts, and reach forklifts.

Throughout the negotiations FocalPoint Partners, LLC served as financial advisor to All Reach. "When we first considered going to market, the housing cycle had already begun to turn and I was concerned whether I would be able to realise the full value of my business," said Joseph Hill, president of All Reach.

"FocalPoint Partners guided me every step of the way. They ran a competitive process, resulting in several compelling offers, the best of which I accepted from Hertz. Without FocalPoint's insight and diligence, this transaction may not have come to fruition."

FocalPoint is an independent investment bank, specialising in mergers and acquisitions, private placements, and financial restructurings. The firm's primary focus is on middle-market companies with revenues between $25 million and $250 million in the business services, consumer, healthcare, industrials and technology sectors. FocalPoint has an active equipment rental investment banking practice.

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