Volvo Rents, Shippensburg, Pa., acquired Action Equipment Rental, a three-location construction equipment rental company with stores in Alamogordo, Las Cruces and Silver City, N.M.
Volvo Rents has added 49 stores in the past 18 months and now has 120 outlets in North America, including four in New Mexico. The company’s other New Mexico store is located in Peralta.
“We are excited about continuing to introduce our products and services to New Mexicans, providing them with a range of alternatives to meet their construction equipment needs,” said Mike Crouch, vice president of business development for Volvo Rents. “New Mexico provides a great opportunity for Volvo Rents as we continue to grow our business and increase the distribution of our comprehensive line of essential equipment.”
The acquisition comes following a recent forecast released by the American Rental Association (ARA) expecting overall North American equipment rental industry revenue to increase at least 6.9 percent in 2012 to total $33.5 billion at year end. The ARA’s five-year forecast calls for continued annual growth in rental revenue to reach a total of $53.1 billion by 2016.
Action Equipment Rental was founded in 2005. Its founder, Joseph Muench, will remain with Volvo Rents as a consultant.
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