Misplaced Pages

BlueLine Rental

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
BlueLine Rental
FoundedJuly 2, 2001 (2001-07-02)
HeadquartersThe Woodlands, Texas, USA
Key peopleAsterios 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.

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. As of May 2011, the company was number 17 on the annual RER 100.

In February 2014, Volvo Rents was sold to Platinum Equity and changed its name to BlueLine Rental.

In January 2016, Asterios Satrazemis was appointed as CEO of BlueLine Rental.

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.

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

Stub icon

This United States corporation or company article is a stub. You can help Misplaced Pages by expanding it.

Categories: