Hugg & Hall Equipment Announces Acquisition of RPM Services & Rentals, LLC
LITTLE ROCK, AR Hugg & Hall Equipment Company, a leading industrial and construction equipment provider in Arkansas, Louisiana, Oklahoma, Texas and Missouri, announces the acquisition of RPM Services & Rentals, LLC, one of the largest independent equipment rental companies in the Southeast.
"The acquisition of RPM fully supports our strategic objectives in South Louisiana, where we see significant growth and demand for equipment rental solutions," said Rick Vollmer, Vice President of Rental at Hugg & Hall. "Under Terry Gold's direction, RPM has become a highly valued and reliable partner to industrial and construction companies. We are excited to build upon Terry's success and to further the good work of RPM's fantastic team of rental professionals.''
Headquartered in Houma, Louisiana, RPM Services & Rentals has additional locations in Broussard, Louisiana and Baton Rouge, Louisiana. The majority of its revenue is derived from the region's onshore commercial and construction markets; other revenue is directly related to the offshore oil & gas industry that includes skid-mounted air compressors and tools for painting, blasting, coating, and other maintenance functions. The company, founded in 2008 by Terry Gold, has approximately 30 employees. The acquisition will increase Hugg & Hall Equipment's Louisiana footprint to 12 stores and position the Company to capitalize on favorable industry and regional trends.
"We are thrilled to join the Hugg & Hall team," said RPM's Owner and Founder Terry Gold. "This transaction presents fantastic synergies for both companies. Hugg & Hall will bring tremendous resources to our employees and loyal customers and together we will execute a smart growth strategy for South Louisiana."
"With this acquisition, we continue to deliver on our commitment to provide our customers with the right breadth of products and services in the regions important to their operations," said Robert Hall, Hugg & Hall Co-Owner and Vice President of Sales. "We look forward to working closely with Terry and his team to bring the Hugg & Hall value proposition into this promising market."
Stephens Inc. served as Hugg and Hall's advisor in the transaction, while Craft Partners, LLC, advised RPM.