Sunbelt Rentals provides equipment rental solutions for the industrial, construction, and municipal markets, plus the DIY market, from its national network of locations. Sunbelt's equipment fleet includes a range of general construction and industrial equipment broadened by product offering from specialty divisions including Climate Control, Oil and Gas, Pile Driving, Pump & Power, Scaffold and Industrial Resource Group.
Sunbelt Rentals has acquired JMR Industries of Odessa, TX for an initial consideration of $32 million with deferred consideration of up to $12 million payable over the next three years depending on future profitability.
British equipment hire group Ashtead, which makes 85 percent of its revenue from U.S. division Sunbelt, posted record first-half profit as U.S. construction firms, struggling to secure credit to buy expensive diggers and tools, rented them instead.
Topp operates through 15 branches across the U.S. and is a specialist rental provider of portable air conditioning, heating and dehumidification equipment. Precision runs a small assembly and manufacturing facility in support of Topp's business.