SOURCE: Platinum Equity

Platinum Equity

March 02, 2015 17:25 ET

BlueLine Rental Completes Acquisition of Trico

Strategic Add-On Acquisition Strengthens BlueLine's Aerial Lift Offering, Expands Presence in Mid-Atlantic Region and Texas

HOUSTON, TX--(Marketwired - Mar 2, 2015) - BlueLine Rental, a full-service equipment rental company, today announced it has completed the acquisition of Trico Equipment, Inc., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed.

"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," said BlueLine Rental CEO Phil Hobson. "Our businesses are very complementary and we expect a seamless transition."

Hobson said the Trico senior management team is staying on with BlueLine in regional management roles.

BlueLine is owned by Platinum Equity, which acquired the business in January 2014. In September 2014 BlueLine acquired JustRuss Rental Inc., a full-service equipment rental company with three locations in Alabama, which expanded BlueLine's footprint in the Southeast United States.

"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," said Platinum Equity Partner Louis Samson.

About BlueLine Rental
BlueLine Rental is one of the largest providers of rental equipment services in North America, offering comprehensive lines of earthmoving, aerial and other construction equipment to service its customer base across multiple end markets, including the industrial, energy, infrastructure, nonresidential and residential construction, and non-construction markets. For more information about BlueLine Rental, visit www.bluelinerental.com or call 888-899-8658.

Contact Information