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BlueLine Rental

From Wikipedia, the free encyclopedia

BlueLine Rental
FoundedJuly 2, 2001 (2001-07-02)
HeadquartersThe Woodlands, Texas, USA
Key people
Asterios Satrazemis (CEO)
ProductsConstruction & Industrial Equipment Rentals and Sales
Websitewww.bluelinerental.com

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.

A JLG brand articulating boom lift rented from BlueLine Rental.
A JLG brand articulating boom lift rented from BlueLine Rental.

History

BlueLine 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

  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" Archived 2014-04-09 at the Wayback Machine. "Diesel Progress" 7 February 2014
  4. ^ "BlueLine Rental Names Former Aggreko, United Rentals Executive Asterios Satrazemis as CEO". Marketwire. Retrieved 2016-01-06.
  5. ^ "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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This page was last edited on 16 February 2023, at 19:58
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