Eberhart Buys Another Equipment Rental Biz

Eberhart Capital has acquired The Equipment Source, a tool and equipment rental company serving both contractors and consumers.

Eberhart Capital has prior experience in the equipment rental sector through the acquisition of Contractor Sales & Service (CSS) in July 2014.

CSS rents and offers for sale single man lifts, scissor lifts, boom lifts, forklifts and other industrial construction equipment to contractors. The company was co-founded in 2006 and is headquartered in Des Moines with an additional location in Omaha, Nebraska.

“In the best and worst of times, The Equipment Source has been a reliable partner to help their customers run a smooth worksite,” said Dan Eberhart, founder and managing director of Eberhart Capital. “Today, when reliability is needed more than ever, The Equipment Source is reinforcing everything that they’ve stood for. This acquisition gives us another incredible team focused on helping America rebuild.”

Scottsdale, Arizona-based Eberhart Capital invests in companies that are active in the construction, real estate development, transportation and logistics, manufacturing, and oil and gas sectors.

Naples, Florida-based Equipment Source was founded in 1999 by Billy Martinez.

Private Equity Professional | May 14, 2020