The shareholders of Pride Equipment Corporation have sold the company to Sunbelt Rentals, a division of Ashtead Group plc. Financial details have not been disclosed.
Founded in 1970, Pride Equipment Corporation is a family-owned company servicing the industrial, construction and movie production industries with the most complete line of lift equipment and aerial platforms in the New York metropolitan area. With a very experienced and dedicated team of employees, Pride Equipment has always been a customer service-driven company with the goal of making equipment rental simple, from the initial call all the way through rental completion.
One of the largest equipment rental companies in North America and backed by a network of more than 600 locations, Sunbelt Rentals successfully services a variety of customers, from those in the commercial, residential, industrial, municipal and specialized service industries, to weekend do-it-yourselfers. Sunbelt’s extensive fleet exceeds US$5 billion and includes general construction equipment, industrial tools, pumps and power generation equipment, trench shoring, scaffolding, remediation and restoration equipment, and more.
One of Oaklins' teams in the USA served as the exclusive financial advisor to Pride Equipment Corporation in its sale to Sunbelt Rentals.
Charles Noto and John Noto, Co-Founders, Pride Equipment Corporation, said: "The team was the ideal advisor to help us successfully complete the sale of our 47-year-old family business. Their proven experience in the equipment rental industry, senior level commitment and guidance in helping us navigate all aspects of this important and emotional event in our lives was evident throughout the process. They understood how important it was for us to find an acquiror of Pride that not only recognized the value of the company, but also provided substantial growth opportunities for our employees. We are thankful to the team for their expert guidance and support throughout the process."
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