Texas First Rentals®, San Antonio, a division of HOLT, has acquired Class A Equipment Rentals, a construction equipment rental company, located in Fredericksburg, Texas.
Texas First Rentals is a construction equipment rental company, offering rental solutions through its full line of aerial lift, compaction, air compressor, earthmoving and power generation equipment.
“We are continuously evaluating the needs of our customers and decided it’s the right time for Texas First Rentals to expand into the Hill Country,” said Don Myrick, senior vice president and general manager, Texas First Rentals. “Our search for a new location in Fredericksburg ultimately led us to solidifying an agreement with Class A Equipment Rentals.”
With this acquisition, current Class A Equipment Rentals employees will become employees of Texas First Rentals. The company will operate from the current Class A Equipment Rentals location until early 2023 when construction on Texas First Rentals’ Fredericksburg location is scheduled to be complete.
“As a previous customer of HOLT CAT, we recognized the value Class A Equipment Rentals and its employees bring to the community. We are confident the business and team built by Claudyne and Tracy Clark align well with our values and we look forward to expanding upon the success of Class A Equipment Rentals,” Myrick said.
Class A Event Rentals, which currently shares space with Class A Equipment Rentals, will not be impacted by the acquisition. Class A Event Rentals will retain its current ownership and remain in its current location.
Gary Stansberry of The Stansberry Firm served as an advisor to Texas First Rentals on the acquisition.