July 20, 2011
Volvo Rents has acquired Contractors Equipment Rental (CER), a single location construction equipment rental company based in Orlando.
Anchored by an increase in local construction spending that is projected to total nearly $30 Billion between 2012 and 2016, Volvo Rents is looking to grab a bigger piece of the construction equipment rental pie that is currently up for grabs in Orlando. To capitalize on the economic upturn, Volvo Rents is embarking on a new course, where it will not only operate a franchise network of rental stores, but also manage and grow a network of company-owned stores.
“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,” said Gary Tripp, owner of Contractors Equipment Rental, said in a written statement announcing the acquisition. “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. Volvo Rents is embarking on a significant expansion and we looking forward to facilitating their growth.”
In addition to Volvo Rents’ expanding line of Volvo compact equipment – such as backhoe and skid steer loaders, compact wheel loaders and compact excavators – the new center will carry a comprehensive line of essential equipment and tools for the construction, commercial, industrial and homeowner markets. The focus is on daily, weekly and monthly rentals.
“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 of Business Development for Volvo Rents, in a written statement. “Gary and team will serve a significant role in the expansion of Volvo Rents in the state of Florida.”