Top Rental Acquisitions of 2022
As 2022
progressed, it became apparent that it would be a big year for acquisitions in
the rental sector, with firms making big moves in the market over the last 12
months.
The tone
was set right at the start of the year when US-based utility equipment rental
and sales company Custom Truck completed the acquisition of HiRail Leasing
Group for US$46.0 million.
The theme
of change continued throughout 2022, and more recently Sunbelt Rentals
announced that it had completed as many as 27 acquisitions through the six
months leading up to November.
So, here
are a selection of some of the top purchases this year.
Top rental acquisitions of 2022
Kiloutou enters Portuguese rental market
Kilotou purchased rental company Grupo Vendap earlier this year, in a
deal which represents the first time the company has entered into the rental
market in Portugal.
Wacker Neuson buys concreting supplier
Back in March, Wacker Neuson acquired Spain-based concrete supplier
Enar, with the company stating at the time that the deal ensures it can
“strengthen its market position and extend its international reach.”
Boels in pump specialist acquisition
Boels Rental completed the purchase of rental firm Eekels Pompen at the
beginning of 2022. The company was the latest addition to Boels Rentals
specialty rental business, which was set up 10 years ago.
Loxam purchases public works providers
Loxam Group extended its presence in France with the purchase of sister
rental businesses Sofranel and Société Cominoise de Location (SCL), which
specialises in public works equipment. Details of the purchase were not
disclosed.
Renta acquires in Norway
Renta Group Oy agreed to buy Norwegian rental company Utleiesenteret in
March, a move that strengthened its position in Norway, where it now has 350
employees across 19 depots.
Herc acquires general equipment rental firm
Herc Rentals announced the purchase of general equipment rental company
Cloverdale Equipment in March. According to Herc, it will now have 14 locations
within the Great Lakes region.
Toi Toi & Dixi acquires competitor
Portable toilet rental company Toi Toi & Dixi Group GmbH began the
process of acquiring its competitor Sebach from Ylda Group S.p.A in August.
The purchase, which was financed by a €200 million loan and €7 million
in cash, included Sebach’s sister company Armal.
Northern Italy expansion for Mollo Noleggio
It was a case of two acquisitions for Italian firm Mollo Noleggio in
February, when it announced the purchases of Monia Noleggi and Parmiani
Noleggi.
US expansion continues for Sunbelt
Ashtead Group-owned Sunbelt Rentals continued its expansion in the US
with the buyout of Wagner Rental & Supply in November.
The acquisition is part of a larger plan by the company to strengthen
its position in the North American market.
United Rentals acquires Ahern Rentals
United Rentals announced its intentions to buy Ahern Rentals for US$2
billion in November, with the deal closing out in early December.
Around $890 million of annual revenues are expected to be added to United
Rentals following the acquisition.
