BlueLine Rental explained

Location:The Woodlands, Texas, USA
Key People:Asterios Satrazemis
Products:Construction & Industrial Equipment Rentals and Sales

BlueLine Rental, formerly Volvo Rents, was an American company that rented construction equipment to contractors and retail consumers through a network of company owned stores. The company specialized in renting a variety of construction equipment, ranging from small tools and light towers to large earthmoving equipment. It also offered services such as equipment maintenance and repair, on-site technical assistance, and equipment delivery.

History

BlueLine Rental was founded as Volvo Rents on July 2, 2001.

Volvo Rents was a wholly owned subsidiary of the Volvo Group, which is a publicly held company headquartered in Gothenburg, Sweden. Volvo Rents had more 185 locations in North America.[1] As of May 2011, the company was number 17 on the annual RER 100.[2]

In February 2014, Volvo Rents was sold to Platinum Equity and changed its name to BlueLine Rental.[3]

In January 2016, Asterios Satrazemis was appointed as CEO of BlueLine Rental.[4]

On September 11, 2018, United Rentals announced an agreement to purchase BlueLine Rental from Platinum Equity for about $2.1 billion in cash. The deal closed in the fourth quarter of 2018.[5]

External links

Notes and References

  1. Aaron Kirchfeld & Adam Ewing "Volvo Said to Explore Sale of North American Rental Business" Bloomberg.com 23 May 2013
  2. Roth, Michael. "2006: Another Great Leap Forward". Rental Equipment Register 1 May 2007.
  3. Staff. "Volvo Rents Becomes BlueLine Rental" . "Diesel Progress" 7 February 2014
  4. Web site: BlueLine Rental Names Former Aggreko, United Rentals Executive Asterios Satrazemis as CEO. Marketwire. 2016-01-06.
  5. Web site: United United Rentals Continues Growth With Deal to Buy BlueLine Rental for $2.1B . LiftandAccess.com . 11 September 2018. 14 September 2018.