Sunbelt Rentals Acquiring ECM's Equipment Rental Business
Sunbelt Rentals has entered into an agreement with ECM Energy Services to acquire its equipment rental division. The all-cash transaction is expected to close in September.
Kevin Groman, CEO of ECM, said, "Sunbelt Rentals is a stellar company and I am very pleased our successful turnaround of the equipment rental division enabled this transaction. The safety-focused and customer-centric cultures of both companies will pave the way for a smooth integration of ECM's equipment rental operations and employees. Sunbelt is the second largest equipment rental company in the United States, and with its oil and gas services division, it has positioned itself, like ECM, to provide unmatched customer service to the oil and gas sector. In addition, I am excited that this acquisition will enable our customers to grow more rapidly through Sunbelt's existing footprint, fleet and access to capital."
Click here for the GlobeNewswire release.
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