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Herc Acquires Rapid Equipment Rental and SkyKing Lift Rentals

November 17, 2021, 07:21 AM
Filed Under: Mergers & Acquisitions

Herc Holdings Inc., a North American equipment rental supplier operating through Herc Rentals Inc., announced it has completed the acquisition of Toronto-based Rapid Equipment Rental Limited.

Rapid Equipment is a full-service general equipment rental company comprising approximately 110 employees and seven locations serving construction and industrial customers throughout the Greater Toronto Area (GTA) — one of the largest equipment rental markets in North America.

The company also announced it has acquired Chicago-area SkyKing Lift Rentals, a single-location equipment rental business specializing in mobile elevating work platforms, including scissor and boom lifts. The addition of SkyKing expands the company’s Chicago-area presence to six physical locations.

“I am pleased to welcome Rapid Equipment and SkyKing to Team Herc,” said Larry Silber, President and Chief Executive Officer. “With both teams now on board, we have significantly improved our coverage in the dynamic Toronto and Chicago equipment rental markets as we continue to serve a diverse mix of construction, industrial and government customers.”

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