Able Buys Elite Construction Rentals
July 6, 2022 - Able Equipment Rental Inc. of NY (Able), a supplier of construction equipment rentals, sales, service and parts, has purchased the equipment rental assets and service operations of Elite Construction Rentals LLC (Elite), Wallingford, Connecticut.
The transaction broadens Able’s footprint further into southern New England while increasing the size of its fleet and the customers it serves.
Able is retaining the entire Elite Construction Rental team and continues to develop its relationship with Elite’s site services and general trade business, which will continue to operate as Elite Construction Resources LLC.
"Elite and its affiliates have dependably served the needs of contractors, sub-contractors, and building concerns throughout our mutual footprint for many years,” said Steve Laganas, Able's chief executive officer. "The company offered a wide range of rental products while providing site and general trade services to a loyal customer base.”
Chris Pera, Able’s chief operating officer, added, "Strategically, this partnership with Elite will allow us to continue to serve as a dependable provider of aerial equipment and service to Elite's current customer base. Additionally, we'll be able to offer a broader product range for both rent and sale, further fulfilling Elite’s customer equipment needs."