Sunbelt tacks on Baltimore-based independent

Sunbelt Rentals has acquired ABC Equipment Rental, a three-branch, independent equipment rental company in the Baltimore and Washington D.C. region.

(Photo: Catalyst Strategic Advisors)

“We are pleased to join forces with the Sunbelt Rentals team,” said Lee Lightner, president of ABC Equipment Rental. “Sunbelt’s national brand, extensive general tool and specialty equipment fleet, and deep roots in the Baltimore and Washington markets will make this a great combination for our customers and employees.”

The acquisition came mere days following Sunbelt’s announcement of its new five-year plan “Sunbelt 4.0,” which the company foresees compound annual growth rates in revenue of 6-9% in the US, 9-12% in Canada and 2-5% in the UK over the five-year period.

Supporting that growth will be between 300 and 400 greenfield depot openings, comprising between 180 and 240 specialty locations and 120 to 160 general tool stores. These new locations will generate up to 30% of the growth anticipated in the five-year period.

For more on Sunbelt’s plan, see our story here. 

Further details of the acquisition were not made available.

Catalyst Strategic Advisors served as the exclusive transaction advisor to ABC Equipment Rental.