Volvo Rents, a worldwide provider of small-to-medium sized construction equipment, announces the acquisition of Big L Rentals and Sales, a single-location construction equipment rental company in Garden City, KS.
The move is part of the company’s surge of 27 acquisitions since the beginning of the year, lifting its North American total to more than 100 stores.
“We believe there is tremendous opportunity in the market in general, and specifically in the state of Kansas,” said Mike Crouch, vice president of business development for Volvo Rents, noting the company’s other two stores in Wichita and Pittsburg. “Our strong brand recognition, coupled with the growing demand for equipment rental, allows us to look to the future with great enthusiasm.”
According to the latest data released by the American Rental Association (ARA), the equipment rental industry outperformed the industries it serves in 2011 and the momentum is expected to carry into 2012 and beyond.
ARA expects 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 five-year forecast calls for continued annual growth in rental revenue to reach a total of $53.1 billion by 2016.
In addition to Volvo Rents’ expanding line of Volvo compact equipment – such as backhoe and skid steer loaders, compact wheel loaders, compact excavators and compaction equipment – the more than 7,000 square foot rental center carries a comprehensive line of essential equipment and tools for the construction, commercial, industrial and homeowner markets. The focus is on daily, weekly and monthly rentals.
”The Volvo name inspires confidence worldwide and will no doubt elevate our store to the big leagues,” said Jack Beery, who has owned Big L Rentals and Sales with his wife, Dixie, since 1996. “As a member of the global Volvo family of business, the store will have access to some of the most advanced equipment, technology and marketing in the world.”