Construction equipment rental provider Volvo Rents has announced another acquisition to its expanding worldwide dealer network. On Monday, October 29, 2012 the firm disclosed it had purchased FRED Rents, a Wisconsin construction equipment leasing company with locations in Madison and Neenah.
The Volvo Rents expansion comes as many construction equipment supply companies continue to see customers – including contractors, construction businesses and homeowners – recognize the advantages of fixed costs in renting, which also covers maintenance, storage, delivery and more.
This is especially true in North America. The American Rental Association forecasts continued annual growth in rental revenues to reach a total of $53.1 billion by 2016.
“Volvo Rents is a solutions-based company that provides services that solve immediate issues when people are dealing with capital availability and downsizing of owned fleet due to economic reasons,” said Jeffrey Corcoran, who co-founded FRED Rents in 2002. “I am confident that our customers are in great hands.”
“There is a real opportunity for us to gain further market penetration by aggressively selling the value of equipment rental at this point in the economic recovery,” said Mike Crouch, Vice President of Business Development for Volvo Rents. “It is our time to help our customer base succeed in their businesses. We are the catalyst that enables economic growth and allows businesses to recover, employ people and strengthen the economy, whether it is in Wisconsin, the United States or globally.”
Volvo Rents brings to the table an expanding line of construction equipment like backhoe and skid steer loaders, compact wheel loaders, compact excavators and compaction equipment. FRED Rents will continue to offer many types and sizes of aerial equipment rentals. Their team of experts has been trained in every aspect of each machine to make sure customers receive the right equipment for each job. Rentals are offered on a daily, weekly, or monthly basis.
Learn more about FRED Rents here.