Resolute Industrial acquires All American Portable Air
By Ashleigh Petersen

Resolute Industrial acquires All American Portable Air

Resolute Industrial Holdings, Tampa, Fla., has acquired All American Portable Air, Sanford, Fla., which will operate under Resolute’s rental division, Mobile Air & Power Rentals. Terms of the transaction were not disclosed.

Founded in 2007 by Roscoe Nesmith to provide temporary cooling equipment rentals in the Orlando market, All American Portable Air now has a second location in Nashville, Tenn. All American Portable Air rents out a full range of climate control products, including portable spot coolers, air conditioning rentals, dehumidifiers, air scrubbers, evaporative coolers and misting fans. Nesmith and his employees will be staying with the company.

“This acquisition broadens our existing geographic presence into the Nashville market, allowing us to maximize our sales channel reach and drive additional growth. We welcome the All American Portable Air team to the Mobile Air & Power Rentals family,” says Mike McGraw, CEO, Resolute.

“As a past president of the American Rental Association, North-South Carolina, I value partnerships between rental companies. By joining Resolute we will have more access to financial and operational resources to support our customers,” Nesmith says. “We are excited for this next step and look forward to working with the new team.”

Nesmith also is a past president of the ARA of Florida and was named American Rental Association (ARA) Region Three Person of the Year in 2009.

Resolute is a portfolio company of AE Industrial Partners, a private equity firm specializing in aerospace, defense and government services, space, power generation and specialty industrial markets.

Ashleigh Petersen

Ashleigh PetersenAshleigh Petersen

Ashleigh Petersen is the digital communications manager for Rental Management. She writes news and feature articles, plus coordinates the monthly Safety Issue and several sections in the magazine. Ashleigh loves spending time with her husband and young son, baking, gardening and listening to true crime and comedy podcasts.

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