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.