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United States : BLUELINE RENTAL acquires TRICO EQUIPMENT.

A full-service equipment rental firm, BlueLine Rental, has announced that it has completed its deal to acquire Trico Equipment Inc., a rental company with expertize in aerial lift equipment.

Trico Equipment owns locations in New Jersey, Pennsylvania, Maryland and Texas.

Financial terms of the deal were not disclosed.

BlueLine is owned by Platinum Equity, which bought the company in January 2014.

BlueLine Rental CEO Phil Hobson said: "We are excited to join forces with Trico, which will strengthen our aerial fleet, provide access to new customers, and help continue delivering on our growth strategy. Our businesses are very complementary and we expect a seamless transition."

He said the Trico senior management team will continue with BlueLine in regional management roles.

Platinum Equity Partner Louis Samson added "We will continue to support BlueLine's growth through organic efforts and potentially other complementary add-on acquisitions that provide synergies with BlueLine and strengthen the company's mix of equipment and customers."

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Publication:Mena Report
Date:Mar 5, 2015
Words:168
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