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.