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Sunbelt Completes $1 Billion Acquisition of NationsRent

Wed September 13, 2006 - National Edition
CEG



Sunbelt Rentals, Inc. Sept. 1 completed the acquisition by merger of NationsRent Companies Inc.

The acquisition, valued at more than $1 billion, of NationsRent by Sunbelt Rentals forms the third largest equipment rental provider in the United States rental market. The combined company will continue to operate more than 470 locations, including the 100 NationsRent At Lowe’s locations. It has a rental fleet valued at more than $2 billion, new and used equipment sales, maintenance and repair services for customer-owned equipment, 24-hour emergency service and the Sunbelt Rentals Guarantee.

Cliff Miller, president and chief executive officer of Sunbelt Rentals, commented, “We are pleased that the acquisition is completed and we can work to bring the two organizations together. Our new geographic footprint and expanded product and service offering helps achieve Sunbelt’s market strategy. NationsRent is a great company because of the people who serve the customers every day and we look forward in joining forces with them in that effort.”

Brendan Horgan, Sunbelt Rentals chief operating officer, said, “The joining of NationsRent and Sunbelt brings together two companies with a strong focus on providing customers with solutions and excellent service. The combined company gives us the opportunity to offer more options and continue to set the industry standard of service and value.”

Bryan Rich, co-chairman and executive director of NationsRent, who is joining the Sunbelt management team, said, “The NationsRent team is excited to join one of the fastest growing equipment rental companies in the U.S. There will be greater opportunities for career growth and development as Sunbelt continues to grow and set the standard for rental operations in the industry.”

For more information, visit www.sunbeltrentals.com.