Volvo Rents California Growth Continues with Latest Acquisition

January 13, 2012 // Franchising.com // SHIPPENSBURG, Pa. – Volvo Rents announces the acquisition of SoCal Rental Equip Rent, a single location construction equipment rental company in Glendora, CA.

This is part of the company’s continuing acquisition process over the last 12 months, lifting its North American total to more than 80 stores. The new Glendora, Calif. Volvo Rents location is the 6th for the company in the state.

The new location will enhance the business’ presence in the Los Angeles/Southern California market alongside the already established Bakersfield and Temecula Volvo Rents locations.

“Buying construction equipment requires tremendous capital outlay. A company might buy a piece of equipment for $50,000, but only need it for three months out of the year. We bring the equipment to them, pick it up and perform the maintenance so there’s no downtime. It’s also tax-deductible,” said Mike Crouch, Vice President of Business Development for Volvo Rents.

Adding this location, Peter Maginnis and the SoCal Rental EquipRent group is an automatic fit to the Volvo Rents team. Their customer and jobsite knowledge in the Glendora and Los Angeles markets will prove invaluable as the company continues to strategically grow its footprint.

Maginnis will remain active with the operations/management of the new Volvo Rents location as GM.

“I purchased Equiprent in November of 2009 with the idea of bringing a higher level of customer service to the Southern California equipment rental industry. For the past two and a half years, SoCal Rental has specialized in providing an outstanding customer experience and superior product support,” added Maginnis. “Our ‘Yes We Can’ attitude is the basis for what sets us apart from the competition, and our record of providing our customers with the best service in the industry keeps them coming back for more. We recognize that Volvo Rents does business in the exact same manner which made them a natural fit for us. We all know our job, and we recognize our customers make our company.”

About Volvo Rents

Volvo Rents, a wholly-owned subsidiary of the Volvo Group, operates 88 rental stores in North America. The company operates a network of company-owned rental stores and franchised rental stores in North America. Each of the North American rental centers offers a comprehensive line of essential equipment for the construction, commercial and industrial markets, as well as an extensive line of Volvo compact excavators, compactors, wheel loaders, backhoe loaders, compaction equipment, and skid steer loaders. For more information, visit www.volvorents.com.

The Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services, and is one of the world's leading producers of heavy-diesel engines (9-18 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on NASDAQ OMX Nordic Exchange Stockholm and are traded OTC in the US.

###

Social Reach:

Viewer Response:

comments powered by Disqus

Volvo Rents »

Volvo Rents has been building a worldwide system of franchised rental businesses providing small-to-medium sized construction equipment and an extensive inventory of tools for virtually every need in the commercial, industrial, and consumer/homeowner mark

Browse:

  1. Franchise News

Franchise News Room »


News By Industry »


Hot Opportunities

ProSource Franchise Opportunity

ProSource
ProSource is America's largest wholesale home improvement franchise; a...

Add
Captain D's Franchise Opportunity

Captain D's
We are making waves! America's seafood favorite is seeking new franchise...

Add
Dessange Franchise Opportunity

Dessange
Dessange is the salon of choice for international film stars, celebrities...

Add
Extreme Pita Franchise Opportunity

Extreme Pita
Extreme Pita was the first restaurant to marry old world authentic pita...

Add
Midas Franchise Opportunity

Midas
Midas, a recognized brand throughout the world and highly renowned name in...

Add
Batteries Plus Bulbs Franchise Opportunity

Batteries Plus Bulbs
Whether you're an existing multi-unit operator with a non-competing brand...

Add
Xavier Artisan Franchise Opportunity

Xavier Artisan
Xavier Artisan offers an artisinal approach to it's food. With gourmet...

Add
Wireless Zone Franchise Opportunity

Wireless Zone
Almost 25 years ago an instantly successful business began called...

Add
A Franchise Update Media Group Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2016. All Rights Reserved. Site Hosting Provided By: wishVPS on FUMG3

In Loving Memory Of Timothy Gardner (1987-2014)