Hertz Equipment expands to Hawaii
Hertz Equipment Rental Corp. said it has acquired Western Machinery, a construction equipment rental company based in Kapolei.
Terms of the deal were not disclosed.
Founded in 1985, Western Machinery has locations on Oahu, the Big Island and Maui. In addition to equipment rental, the company is also an equipment dealer for Gradall, JLG, Bobcat, Liebherr, Linkbelt and Allied Hammers.
Hertz Equipment Rental Corp. is a wholly owned subsidiary of The Hertz Corp.
“We’re excited to have acquired Western Machinery as this marks Hertz Equipment Rental’s first foray into the Hawaiian market,” said Mark Frissora, chairman and chief executive officer of the Hertz Corp.
Hawaii’s construction industry was one of the harder hit sectors during the recent recession. Construction spending, which declined by 18 percent in 2009, is forecast to drop by another 15.9 percent this year before rising by 2.8 percent in 2011, according to a recent report by the University of Hawaii Economic Research Organization.