Loading
BONITA SPRINGS — Herc Holdings, an equipment rental supplier operating as Herc Rentals Inc., has acquired substantially all the assets of Houston-based Champion Rentals Inc. Financial terms were not disclosed.
Champion is a full-service general equipment rental company, according to a statement, with about 100 employees and four locations serving contractors and industrial, manufacturing and government customers in the Houston metropolitan area. The addition of Champion expands Herc Rentals’ Houston-area presence to 12 physical locations, which collectively provide general and specialty equipment rental solutions and related services, the release adds.
“I am pleased to welcome Champion’s team members to Herc Rentals,” Herc President and CEO Larry Silber says in the statement. “Champion has served the Houston market since 1982 and has a strong reputation for excellent customer service and premium equipment. Our combined team and resources position Herc Rentals to be a preeminent equipment rental partner for the Houston market’s diverse mix of construction, industrial and government customers.
The transaction represents Herc Rentals’ first multi-location acquisition since it became an independent, publicly traded company in 2016, after it was spun off from Estero-based car rental giant Hertz. Herc, publicly traded on the NYSE (symbol: HRI) posted $1.99 billion in revenue on 2019.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
