Projo Biz Blog

RSC Equipment Rental, Inc., based in Scottsdale, Arizona, this morning said it completed the purchase of the operations and certain operating assets of American Equipment Rentals, based in Providence. Terms were not disclosed.

American provides aerial equipment, forklifts and other rental equipment serving commercial construction contractors in Providence, Woburn, Mass., and New Britain, Conn. American is one of the largest independent aerial equipment rental companies in New England with annual revenues approximating $19 million, of which nearly 90% are rental revenues.

The acquisition is expected to be neutral to RSC's earnings per share in 2008 and modestly accretive in 2009. RSC Equipment Rental is the operating entity for RSC Holdings Inc. (RRR:NYSE)

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