BlueLine Rental

Platinum Equity Completes Volvo Rents Acquisition

Platinum Equity announced it has completed the acquisition of Volvo Rents from the Volvo Group.

Volvo to sell Volvo Rents to Platinum Equity

"We believe Volvo Rents has a tremendous opportunity to reach new heights as a standalone company," said Platinum Equity Partner Louis Samson. "We will work with the management team to help the business grow both organically and through prospective complementary add-on acquisitions."

A team that includes Platinum Equity in-house operations specialists is focused on transitioning the newly acquired business. A rebranding initiative is underway, and a new company name and image is expected to be announced soon.

Volvo Rents Rebrands as BlueLine Rental

Morgan Stanley and Harris Williams served as financial advisors to Platinum Equity on the Volvo Rents acquisition and Latham & Watkins served as legal advisors. Debt financing for the acquisition was led by Bank of America Merrill Lynch with Morgan Stanley, Goldman Sachs and Barclays serving as joint bookrunners.