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


Electro Rent Corporation Acquires Intellirent

August 03, 2018, 07:00 AM
Filed Under:
Related: Acquistions, Rental

Electro Rent Corporation announced it has acquired Intellirent. Financial terms were not disclosed.

Electro Rent Global CEO Nigel Brown said the combination will create a premier platform with a broad inventory, coverage throughout the United States and a first-class standard of service to its customers.

“Both companies are leaders in Power and Industrial testing equipment rental, sales and asset management services,” Brown said. “Combined, we believe we can serve customers better through a significantly expanded equipment fleet and stronger geographical coverage, ensuring better availability levels and a higher level of technical service.”

Electro Rent is a portfolio company of Platinum Equity, which acquired the business in August 2016. Electro Rent one of the largest global organizations devoted to the rental, leasing and sales of general purpose electronic test equipment, personal computers and servers. The company has its headquarters in Los Angeles.

Intellirent, based in Dallas, is an equipment services provider to the power and industrial market in the U.S. Its services including rental, leasing and asset management.

“This is a transformational opportunity that puts the combined company in a better position to serve customers in a global market poised for significant growth,” said Platinum Equity Partner Louis Samson. “We are delivering on our pledge to invest in Electro Rent’s long-term strategic plan and will continue looking for new opportunities to expand organically or through additional acquisitions.”

Comments From Our Members

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