FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News

Print

ABLE Equipment Rental Purchases Aerial Assets of Mobile Lifts

July 13, 2018, 06:55 AM
Filed Under: Mergers & Acquisitions

ABLE Equipment Rental, Inc. of NY announced it has purchased the aerial equipment assets and service operations of Mobile Lifts, Inc. of Norristown, Pa. The transaction will allow the facility to operate as the newest branch of ABLE Equipment Rental. ABLE will retain most of the current Mobile Lifts staff with plans to grow the team immediately. It will operate it as its fifth location in the Northeast.

ABLE's newest branch is 45 minutes outside of Philadelphia.

"We're extremely excited to welcome Mobile Lifts to the ABLE family," said Steven Laganas, ABLE's CEO. "Their 40-plus year history along with a very loyal customer base was certainly one of the factors that helped us in our decision-making. I look forward to partnering with Mobile Lifts' knowledgeable and talented team."

"Strategically, it will allow us to continue to serve as a reliable provider of aerial equipment for Mobile Lifts' current commercial and industrial clients," said Chris Pera, ABLE's Chief Operating Officer. "Additionally, we'll be able to offer a wide range of machines for rent and for sale to fulfill their specific construction equipment requirements."

ABLE purchases its equipment from the industry's leading manufacturers and continues to add to its fleet. Equipment is available for daily, weekly, monthly and long-term rentals. There are also equipment financing plans available for new and used equipment.







Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.