BlueLine Rental

BlueLine Rental, formerly Volvo Rents, is an American company that rents construction equipment to contractors and retail consumers through a network of company owned stores.

A JLG brand articulating boom lift rented from BlueLine Rental.
BlueLine Rental
FoundedJuly 2, 2001 (2001-07-02)
HeadquartersThe Woodlands, Texas, USA
Key people
Asterios Satrazemis (CEO)
ProductsConstruction & Industrial Equipment Rentals and Sales
Websitewww.bluelinerental.com

History

BlueLine Rental was founded as Volvo Rents on July 2, 2001.[1]

Volvo Rents was a wholly owned subsidiary of the Volvo Group, which is a publicly held company headquartered in Gothenburg, Sweden. Volvo Rents had more 185 locations in North America.[2] As of May 2011, the company was number 17 on the annual RER 100.[3]

In February 2014, Volvo Rents was sold to Platinum Equity and changed its name to BlueLine Rental.[4]

In January 2016, Asterios Satrazemis was appointed as CEO of BlueLine Rental.[5]

On September 11, 2018, United Rentals announced an agreement to purchase BlueLine Rental from Platinum Equity for about $2.1 billion in cash. The deal is expected to close in the fourth quarter of 2018.[6]

References
  1. "Volvo Construction Equipment Rents, Inc. in Wilmington, DE - Reviews - Bizapedia Profile". Bizapedia.com. Retrieved 2015-10-29.
  2. Aaron Kirchfeld & Adam Ewing "Volvo Said to Explore Sale of North American Rental Business" Bloomberg.com 23 May 2013
  3. Roth, Michael. "2006: Another Great Leap Forward". Rental Equipment Register 1 May 2007.
  4. Staff. "Volvo Rents Becomes BlueLine Rental" Archived 2014-04-09 at the Wayback Machine. "Diesel Progress" 7 February 2014
  5. "BlueLine Rental Names Former Aggreko, United Rentals Executive Asterios Satrazemis as CEO". Marketwire. Retrieved 2016-01-06.
  6. "United United Rentals Continues Growth With Deal to Buy BlueLine Rental for $2.1B". LiftandAccess.com. 11 September 2018. Retrieved 14 September 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.