Sunbelt Rentals recently added Lift Works, an independent specialty provider of aerial-lift focused equipment rental services to the Chicagoland market.
Founded in 2003 and headquartered in St. Charles, Ill., with an additional facility in Rockford, Ill., Lift Works is a market leading independent provider of equipment rental services offering best-in-class aerial lift-focused solutions to customers in the greater Chicagoland market and throughout the broader Midwest. Lift Works offers equipment rentals, sales and aftermarket services and parts to over a thousand small and midsized contractors that rely on the Company’s best-in-class customer service and responsiveness to fulfill all their equipment rental needs.
“We are excited to pursue Lift Works’ next phase of growth with Sunbelt as our partner. They bring meaningful resources and equipment rental experience to the table that will help Lift Works better serve its customers going forward,” said owner Marty Starck. “In contemplating this transaction, my goal was to find the best new partner to provide Lift Works with the experience and capital necessary to continue its strong trajectory of growth, while supporting the existing management team and employee base with personal and professional growth opportunities. Sunbelt is the right partner to accomplish this goal. Sunbelt has been a leading player in the equipment rental space for decades, is constantly evaluating new growth channels and understands the importance of preserving Lift Works’ culture and customer service.”
This acquisition increases Sunbelt’s density in the Chicagoland market, expanding its roster of contractors while preserving the industry-leading customer service, dedicated employee base and company culture that Lift Works has cultivated over the course of its 19-year history.
Lift Works’ senior management team will continue to lead the company, and Starck will ensure a smooth transition.
TM Capital Corp. served as the exclusive financial adviser to Lift Works in connection with this transaction. Perkins Coie LLP served as legal adviser to Lift Works, and Parker Poe Adams & Bernstein LLP served as legal adviser to Sunbelt Rentals. Terms of the transaction were not disclosed.
