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Durante Rentals, LLC Acquires Assets of Iron Source, LLC

May 04, 2023, 07:00 AM

Durante Rentals, LLC, a provider in the construction equipment rental industry, announced it has acquired the assets of Delaware-based Iron Source, LLC, an independent equipment rental provider and dealer. The acquisition will expand Durante Rentals’ scale in the Mid-Atlantic region.

Iron Source owners Chess Hedrick and Wyatt Wiggins will remain the day-to-day managers of the business, which will maintain its current branding. All employees will be joining the Durante Rentals team.

“When we met with the Iron Source team, we found many common synergies between the two organizations and decided to join forces to enable both our organizations to deliver world-class products and service capabilities, while continuing to offer exceptional customer service,” said Kenneth Cockrill, CEO of Durante Rentals.

“We’re excited to join the Durante Rentals team, as we’ll be able to expand our fleet and add resources to the business, enabling us to expand our footprint at a much faster rate,” said Hedrick, Iron Source. “Equally important is that our company values are aligned, and our mutual investment in our employees and their safety is paramount.”

Durante Rentals is backed by Clairvest Group Inc., a private equity management firm.

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