Volvo Rents Digging Its Way Into Mississippi

Provider of small-to-medium sized construction equipment acquires Gulf South Machinery of Mississippi; Looks to capitalize on projected growth of local construction spending

Asheville, NC – Volvo Rents announces the acquisition of Gulf South Machinery of Mississippi, a two location construction equipment rental company with stores in Hattiesburg and Gulfport.

The centers are located at 45 Blackwell Boulevard and 14411 Creosote Drive, respectively.

Anchored by an increase in local construction spending that is projected to total more than $1.5 billion in Hattiesburg and nearly $3 billion in Gulfport between 2012 and 2016, Volvo Rents is looking to grab a bigger piece of the construction equipment rental pie that is currently up for grabs in various parts of Mississippi. To capitalize on the economic upturn, Volvo Rents is embarking on a new course, where it will not only operate a franchise network of rental stores, but also manage and grow a network of company-owned stores.

"The employees and rental team at both centers have remained committed to providing outstanding customer service and assembling an excellent team that is fully committed to providing a VIP customer experience," said Mike Crouch, Vice President of Business Development for Volvo Rents. "The Hattiesburg and Gulfport teams will remain an integral part of our expansion in Mississippi."

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 rental centers carry 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.

Store hours are Monday-Friday, 7:00 AM-5:00 PM.

Inquiries can be directed to Mike Crouch via Michael.Crouch@Volvo.com

About Volvo Rents

Volvo Rents, a wholly-owned subsidiary of the Volvo Group, operates ~70 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.

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