Volvo Rents Acquires Arizona Rentals

Volvo Rents, Shippensburg, Pa., has acquired Arizona Rentals, a four location construction equipment rental company with stores in Eloy, Miami, Thatcher and Tucson, Ariz.

“Economic recovery is nearly impossible without recovery in construction,” said Michael Crouch, vice president of business development for Volvo Rents. “Our goal is to rebuild a weakened construction market that has left too many jobless, littered the state with incomplete projects and sapped much needed revenue, commerce and customers out of the local economy.”

According to a recent construction industry forecast by McGraw-Hill, construction spending in the Phoenix-Mesa-Glendale marketplace alone is projected to total more than $44 billion between 2012 and 2016. The same forecast also calls for nearly $8 billion in projected construction spending in Greater Tucson during the same time period.

“Arizona’s construction industry is showing improvement, but a full recovery will take time,” said Jeff Bleeker, who co-founded Arizona Rentals in 2005 with Lance Evic. “You don’t go from having a heart attack to running a marathon overnight. The problem is on its way to being resolved and we look forward to being a big part of that resolution.”

Bleeker will remain with Volvo Rents in a consultancy role, while Evic will serve as general manager and run all four stores.