Anticipated demand for construction equipment rentals in Orlando, Florida has spurred major industry player Volvo Rents to acquire the Orlando based company Contractors Equipment Rental (CER). The acquisition allows Volvo Rents to continue expansion of its growing network of company-owned heavy equipment and power tool supply businesses throughout North America.
According to Construction Equipment Distribution Magazine (CEDMAG), the construction industry in the Orlando and Central Florida areas are working through a challenging time right now, however the region’s long-term future holds promise.
Volvo Rents plans to capitalize on an increase in local construction spending estimated to approach $30 Billion between 2012 and 2016.
“Since 2002, when we initiated a relationship with Volvo Rents, I have had admiration for the integrity of the Volvo Rents management team and their commitment to local decision-making. The company’s culture of taking care of our employees and customers made becoming part of Volvo Rents an attractive decision for my family and my employees,” explained Gary Tripp, owner of Contractors Equipment Rental. “Volvo Rents is embarking on a significant expansion, and we are looking forward to facilitating their growth.”
With the purchase of CER, Volvo Rents now operates four equipment rental locations in Florida including Port St. Lucie, Tampa, and Pompano Beach. Purchasing an established Orlando construction equipment rental location was a logical decision given the size of the Florida market. Additionally the acquisition of the Orlando location enables Volvo to effectively provide equipment rentals throughout the majority of Central and South Florida.
“Contractors Equipment Rental’s commitment to customer care and local decision-making has enabled the Tripp family to assemble an excellent team that is fully committed to VIP customer service,” said Mike Crouch, Vice President, Business Development. “Gary Tripp and team will serve a significant role in the expansion of Volvo Rents in the state of Florida.”
Volvo Rents now provides the entire Orlando metropolitan area with an extensive line of construction equipment rental options. Furthermore by offering a comprehensive selection of heavy equipment that includes backhoes, excavator rentals, earthmoving machines, material handling trucks, aerial work platforms, landscaping equipment, and power tools they are able to service the construction, commercial, industrial, and homeowner industry. Volvo Rents of Orlando has special monthly rates on boom lifts, scissor lifts, bucket trucks, dump trucks, and forklift rentals. Their equipment is conveniently offered by the day, week, and month.
In addition to purchasing an Orlando, FL company, Volvo Rents recently acquired a Salt Lake City, UT construction equipment rental company and a CE company in Milwaukee, WI. They operate over 70 equipment rental locations throughout North America that fall within their growing network of company-owned and franchised rental stores.