Volvo Rents acquires Okla.-based WED construction equipment rental company
Tina Grady Barbaccia | August 18, 2011
Previously co-owned by Volvo Rents franchisees David Evans, Max Weldon and David Darby, the center is located at 8003 S. Eastern Avenue in Oklahoma City.
Anchored by an increase in local construction spending that is projected to total more than $14.5 billion between 2012 and 2016, Volvo Rents says in a written statement that it “is looking to grab a bigger piece of the construction equipment rental pie that is currently up for grabs in Oklahoma City.”
To capitalize on the economic upturn, Volvo Rents says it is embarking on a new course, where it will not only operate a franchise network of rental stores, but also manage and grow a network of company-owned stores.
“Since the beginning of 2010 when we initiated our relationship with Volvo Rents, we have been impressed by the company’s unwavering commitment to building a culture of service and local decision-making,” said Evans. “Volvo Rents is embarking on a significant expansion, and our team is looking forward to contributing to their growth.”
In addition to Volvo Rents’ expanding line of Volvo compact equipment – such as backhoe and skid steer loaders, compact wheel loaders, compact excavators and compaction equipment – the rental centers carry a comprehensive line of essential equipment and tools for the construction, commercial, industrial and homeowner markets. The focus is on daily, weekly and monthly rentals.
“WED, LLC’s commitment to outstanding customer service and local decision-making has enabled them to assemble an excellent team that is fully committed to providing a VIP customer experience,” said Mike Crouch, vice president of business Development for Volvo Rents. “Both Davids, Max and the entire Oklahoma City team will play significant roles in the further expansion of Volvo Rents in the state of Oklahoma.”
MORE FROM Industry
- 5 Options for Avoiding Highway Trust Fund Insolvency548 Views
- Boxer outlines Senate priorities for long-term surface transportation bill394 Views
- Foxx: Insolvent transportation system could cost 700k jobs392 Views
- What the latest Obamacare update means for your business344 Views
- U.S. DOT predicts August shortfall in latest Highway Trust Fund Ticker update332 Views