Volvo Rents acquired Max Equipment Rentals, a two-location construction equipment rental company with stores in Oceanside and Perris, Calif.
The move comes two months after Volvo Rents’ acquisition of another southern California-based company, SoCal Rental Equip Rent, and brings the company’s statewide presence to a total of seven rental centers.
It also comes on the heels of a forecast by economists at IHS Global Insight that said California will lead the pack in a nationwide construction recovery through 2016. According to IHS stats, California will have the most construction dollars spent ($723 billion); will have the largest gain in yearly spending dollars ($76.40 billion); and have the third highest annual average percentage gain (15.6 percent).
“California’s economy is growing again, and will see strong economic growth over the near- and long-term, translating into greater construction activity,” said Mike Crouch, vice president of business development of Volvo Rents. “The acquisition of Max Equipment Rentals is a strategic move that will strengthen our presence in California and puts us in a favorable position to meet what will undoubtedly translate into a growing demand for construction equipment rental.”
In addition to Volvo Rents’ expanding line of Volvo compact equipment — such as backhoe and skid steer loaders, compact wheel loaders, compact excavators and compaction equipment — the rental centers carry a comprehensive line of essential equipment and tools for the construction, commercial, industrial and homeowner markets.