Go to deals
Construction & Engineering Services | Industrial Machinery & Components

Pride Equipment Corporation has been acquired by Sunbelt Rentals

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.

Parties

Talk to the deal team

 Paul R. Smolevitz

Paul R. Smolevitz

Managing Director
New York, United States
Oaklins TM Capital
 David M. Felts

David M. Felts

Managing Director
Atlanta, United States
Oaklins TM Capital
 Andy  Krna

Andy Krna

Managing Director
New York, United States
Oaklins TM Capital

Related deals

Sibelco has received strategic advisory related to the exit of a minority shareholder
Construction & Engineering Services | Other Industries

Sibelco has received strategic advisory related to the exit of a minority shareholder

SCR Sibelco has received strategic advisory related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buyback program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue with its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.

Learn more
Arbo Windows becomes the leading wooden windows producer in the Baltics by acquiring Arlanga Wood
Construction & Engineering Services

Arbo Windows becomes the leading wooden windows producer in the Baltics by acquiring Arlanga Wood

Arbo Windows, a leading Latvian producer of wooden windows and doors, has acquired Arlanga Wood, a leading Lithuanian producer of wooden windows and doors, creating the largest wooden windows producer in the Baltic states. The combined group has over 200 employees and generates over US$20 million of annual revenues.

Learn more
Gateway Dealer Network has been acquired by Tuckahoe Holdings
Private Equity | Construction & Engineering Services

Gateway Dealer Network has been acquired by Tuckahoe Holdings

Brightstar Capital Partners has sold Gateway Dealer Network (GDN) to Tuckahoe Holdings.

Learn more