Equipment rental giant Sunbelt adds New Castle aerial platform specialist MSP in $23 million deal

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MSP Equipment Rentals, New Castle,  has joined the Sunbelt Rentals group, effective on June 1.

MSP has served northern Delaware, Philadelphia, and the surrounding Mid-Atlantic area as a regional equipment rental provider since 1998.

The business primarily supported the construction and industrial contractors through a  fleet of aerial work platforms and telehandlers. Telehandlers are essentially forklifts that can reach higher areas like roofs.

The deal adds to Sunbelt’s presence in Delaware.
 
Sunbelt has a nationwide fleet of equipment valued at $7 billion. with a diversified mix of rental equipment.
 
Rental Equipment Register  reported that South Carolina-based  Sunbelt has made 17 acquisitions during its 2018 fiscal year.
 
The reported sales price for MSP was $23 million.
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