Alan Huber, president of Elms Equipment Rental, Brawley, Calif., has announced that he and his brother, Mark Huber, have purchased the company. As part of the transaction, they also consolidated ownership of the related entity, Quintet Leasing, and purchased substantially all the assets of another related company, EEL.
Elms Equipment Rental, in addition to its Brawley, Calif., headquarters, has locations in El Centro and Indio, Calif. The company provides services to the construction industry including operated and bare equipment rentals, trucking and equipment service. Elms also sells parts, supplies and equipment and is a dealer for Ingersoll Rand, Rubblemaster and Honda.
Alan and Mark have managed Elms for a long period of time and have guided the company through a growth period over the last 15 years.
“This transaction provides us with the capital and flexibility to continue to grow the company,” said Alan. “We believe both our customers and employees will benefit from the change of ownership.”
Glen and Sharon Huber, the long-time owners of Elms and EEL are retiring from the rental industry after more than 40 years of service.
Hageman, Stansberry & Associates (HS&A) served as intermediaries in the transaction.
“The Elms companies have a long standing relationship with HS&A,” said Alan. “They went above and beyond the call of duty to make this transaction a reality.”
Terms of the transaction were not disclosed.