Financial Advisor
Hugg & Hall Equipment Company
M&A Advisory
Has Acquired
Transaction Details
- On July 11, 2016, Hugg & Hall Equipment Company (“Hugg & Hall”), announced the acquisition of RPM Services & Rentals, LLC., (“RPM”) one of the largest independent equipment rental companies in the Southeast
- With 3 locations in South Louisiana, RPM generates the majority of its revenue from the region’s onshore commercial and construction markets as well as the area’s offshore oil & gas industry
- The acquisition supports Hugg & Hall’s strategic objectives in South Louisiana and increases Hugg & Hall’s footprint to 15 stores, positioning the Company to capitalize on favorable industry and regional trends
- Stephens Inc. served as exclusive financial advisor to Hugg & Hall in the transaction
About the company
Hugg & Hall Equipment Company
Hugg & Hall Equipment Company, headquartered in Little Rock, Arkansas, has been family owned and managed since 1956 and is one of the largest materials and personnel handling equipment dealers in the Mid-south. With 12 full service locations Hugg & Hall is an authorized dealer for Bobcat, Combilift, Crown, Doosan, Enersys, Extreme, Genie, JLG, Manitou, Sellick, Skyjack, Taylor, Terex, Toyota and Volvo. Hugg & Hall sells new and used equipment, has a rental fleet of 5,000 pieces of equipment, and services all makes of industrial and construction equipment with over 6 million dollars of replacement parts in stock and a team of 190 trained ASE certified mechanics.
RPM Services & Rentals
RPM Services & Rentals, headquartered in Houma, Louisiana, has additional locations in Broussard and Baton Rouge, LA. 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.
Sources: Company press release and publicly available information.
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