Herc Holdings makes acquisitions
Herc Holdings completes acquisition of Rapid Equipment Rental; announces acquisition of SkyKing Lift Rentals.
Herc Holdings Inc. announced that it has completed the acquisition of Toronto-based Rapid Equipment Rental Limited, a full-service general equipment rental company comprising approximately 110 employees and seven locations serving construction and industrial customers throughout the greater Toronto area. This is one of the largest equipment rental markets in North America, Herc sources report.
The company also announced it has acquired Chicago-area SkyKing Lift Rentals, a single-location equipment rental business specializing in mobile elevating work platforms, including scissor and boom lifts. The addition of SkyKing expands the company’s Chicago-area presence to six physical locations.
“I am pleased to welcome Rapid Equipment and SkyKing to Team Herc,” says Larry Silber, Herc president and chief executive officer. “With both teams now on board, we have significantly improved our coverage in the dynamic Toronto and Chicago equipment rental markets as we continue to serve a diverse mix of construction, industrial and government customers.”
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