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Cross Country Infrastructure Acquires Five Star Equipment Rental

August 19, 2019, 07:00 AM
Filed Under: Mergers & Acquisitions

Cross Country Infrastructure Services, Inc. announced it has acquired Five Star Equipment Leasing & Rental, L.L.C. With the addition of Five Star, Cross Country gains an established equipment rental player in the central U.S. and at the crossroads of a multitude of oil and gas and infrastructure projects. Financial terms of the transaction were not disclosed.

"We are excited about the addition of Five Star to the Cross Country family,” said Gerry Plescia, CEO of Cross Country. “Five Star's utility size equipment and general equipment lines will allow us to add an expanded product offering to our existing customer base, while also increasing Cross Country's reach in the Central U.S market. Also, the addition of this outstanding operation will enable us to serve an important market with quality equipment and an experienced staff. We are pleased to welcome Bob Lewis and the Five Star sales team which are some of the best in the equipment rental industry."

Five Star has been serving Oklahoma since 1997. It provides equipment rental solutions and service for all of Oklahoma and its bordering states for the construction, energy, industrial and infrastructure markets. Five Star equipment rentals include earthmoving, compaction, aerial, forklifts and water pumping solutions.

Over the past five years, Cross Country has acquired several companies with industry specialties that strengthened and diversified the company's services and products. These acquisitions include Power Associates International in 2013, Sideline Specialty Equipment in 2015, Stone Pump & Trench and PWI Supply in 2016, and Rain2Day in 2018.

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