Continued Expansion in Tri-State Market
In a news release dated September 25, 2012, Hertz Global Holdings announced that Hertz Equipment Rental Corporation (HERC) has acquired Pioneer Equipment Rental and Sales, a prominent Oklahoma-based construction and industrial equipment rental company. Pioneer serves the Oklahoma, Southern Kansas and Northern Texas markets.
Established in 1998, Pioneer Equipment Rental and Sales is a leading independent rental company specializing in the rental and sale of equipment for industrial, construction, earth moving, and material handling applications.
Pioneer also offers extensive repair and maintenance programs with comprehensive parts inventories, mobile service, planned maintenance, and fleet management.
Revenue Addition Bolsters Bottom Line
Based on prior performance, it is estimated Pioneer Rental will add $25 million of annual revenue to HERC.
By acquiring Pioneer Rental, HERC continues expansion of its footprint in the Oklahoma equipment rental market and gains access to a broader range of contractor and industrial businesses.
The Pioneer addition brings the total number of HERC locations in Oklahoma to twelve, while advancing HERC’s industrial penetration in the oil and gas market.
Rental and Sales
Hertz Equipment Rental Corporation is one of the world’s largest equipment rental businesses, offering a diverse line of equipment and tools for rent. Rentals include aerial man lifts, air compressors, tools, earth moving equipment, power generators, forklifts and material handling equipment, pumps, and trucks and trailers.
With approximately 325 worldwide locations, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.