Catalyst Advises Power Rents in its Sale to Herc Rentals
Power Rents, LLC, a well-known and highly respected general rental equipment provider, operating a four-location platform in Vancouver, WA and Portland, OR, has joined forces with Herc Rentals, Inc.
Power Rents was formed in 2016, and quickly distinguished itself with customers by providing the highest quality rental equipment and unsurpassed customer service in the Portland and Vancouver markets.
“The Herc Team went the extra mile by spending time with our people and making them feel welcome and comfortable with the integration. Herc also showed their commitment to maintaining the best possible customer service. Their focus on our people and customers is in perfect alignment with the Power Rents’ culture. We are excited about the future our people and customers will have with the Herc organization.” said Steven Schimmel and Brian Spencer, Co-Founders of Power Rents.
Herc Rentals is ranked #3 on the RER 100 with approximately 300 locations in North America and a rental fleet valued in excess of $4.1 billion.
Catalyst Strategic Advisors, LLC served as exclusive transaction advisor to Power Rents.