Volvo has acquired 24 rental houses since the beginning of the year, including six in California, totaling 120 stores in North America and 12 rental centers in the state.
It also comes on the heels of a forecast by economists at IHS Global Insight that says California will lead the pack in a nationwide construction recovery through 2016. According to IHS stats, California will have the most construction dollars spent ($723 billion); will have the largest gain in yearly spending dollars ($76.40 billion); and have the third highest annual average percentage gain (15.6 percent).
“California’s economy is growing again, and will see strong economic growth over the near- and long-term, translating into greater construction activity,” said Mike Crouch, vice president of business development for Volvo Rents. “The acquisition of Rental Solutions is a strategic move that will further strengthen our presence in California and puts us in a favorable position to meet what will undoubtedly translate into a growing demand for construction equipment rental.”
“Volvo Rents’ strong national presence and brand recognition made our decision to become part of the company’s network of stores an easy one,” said Mark Nichols, who co-founded Rental Solutions in 2002. “Our customers can be assured that Volvo Rents understands their needs and will exceed their expectations through a high level of care and commitment to local decision-making.”
Nichols will remain active with the operations/management of all three locations as General Manager.