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.
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| Founded | July 2, 2001 |
|---|---|
| Headquarters | The Woodlands, Texas, USA |
Key people | Asterios Satrazemis (CEO) |
| Products | Construction & Industrial Equipment Rentals and Sales |
| Website | www |
History
editBlueLine Rental was founded as Volvo Rents on July 2, 2001.[citation needed]
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]
References
edit- ^ Aaron Kirchfeld & Adam Ewing "Volvo Said to Explore Sale of North American Rental Business" Bloomberg.com 23 May 2013
- ^ Roth, Michael. "2006: Another Great Leap Forward". Rental Equipment Register 1 May 2007.
- ^ Staff. "Volvo Rents Becomes BlueLine Rental" Archived 2014-04-09 at the Wayback Machine. "Diesel Progress" 7 February 2014
- ^ "BlueLine Rental Names Former Aggreko, United Rentals Executive Asterios Satrazemis as CEO". Marketwire. Retrieved 2016-01-06.
- ^ "United United Rentals Continues Growth With Deal to Buy BlueLine Rental for $2.1B". LiftandAccess.com. 11 September 2018. Retrieved 14 September 2018.
External links
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