BlueLine Rental, a full-service equipment rental company, announced it has completed the acquisition of Trico Equipment Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed.
"We are excited to join forces with Trico, which will strengthen our aerial fleet, provide access to new customers, and help continue delivering on our growth strategy," said BlueLine Rental CEO Phil Hobson. "Our businesses are very complementary and we expect a seamless transition."
Hobson said the Trico senior management team is staying on with BlueLine in regional management roles.
BlueLine is owned by Platinum Equity, which acquired the business in January 2014. In September 2014 BlueLine acquired JustRuss Rental Inc., a full-service equipment rental company with three locations in Alabama, which expanded BlueLine's footprint in the Southeast United States.
"We will continue to support BlueLine's growth through organic efforts and potentially other complementary add-on acquisitions that provide synergies with BlueLine and strengthen the company's mix of equipment and customers," said Platinum Equity Partner Louis Samson.