Texas First Rentals acquires Rental One

Dec. 18, 2022

Texas First Rentals®, San Antonio, a division of HOLT, has acquired Rental One, Colleyville, Texas. Rental One is a full-service equipment and storage container rental company with a complete line of construction equipment and supplies in 15 locations throughout the Dallas-Fort Worth Metroplex and Central Texas regions.

Texas First Rentals offers rental solutions through its full line of aerial, dirt and portable power equipment. The equipment Texas First Rentals provides includes boom lifts, scissor lifts, excavators, generators, pumps and trench safety equipment.

“Rental One is an excellent strategic and cultural fit that complements our existing products and services,” said Peter Holt, CEO and general manager of HOLT. “More importantly, Rental One is a multi-generational, family-owned Texas company. As a family-owned business ourselves, we know the value of such an organization and what that means to our customers.”

Rental One, founded in 2004 in Colleyville, Texas, with equipment rental roots going back to the 1950s, is a family-owned, full-service equipment and storage container rental company offering a full line of well-maintained, quality construction equipment and concrete, safety, erosion control and construction supplies throughout its locations.

“Our team has worked to build a successful business with meaningful relationships that span three generations,” said Mike O’Neal, president, Rental One. “Our customers will benefit from a broader range of products and combined expertise as we join the Texas First Rentals team. We continue to be committed to providing customers with the best equipment and reliable service they have grown to know.”

With this acquisition, the 300 current Rental One employees, including the leadership team, will become employees of Texas First Rentals and will continue to operate from current Rental One locations.

“I’m confident joining a values-based organization is a positive move for us all,” said O’Neal. “We look forward to collaborating with the Texas First Rentals team to build upon our mutual success.”

This acquisition will allow Texas First Rentals to expand its presence to a total of 40 locations.

Gary Stansberry of The Stansberry Firm, Fair Oaks Ranch, Texas, represented HOLT/Texas First Rentals during this acquisition.

“Since 2014, we have relied on Gary and his team to provide acquisition insights, guidance and support. The Stansberry Firm’s commitment to a professional and mutually beneficial outcome is greatly valued, and delivers a transparent acquisition process that achieves a positive result for all stakeholders,” said Edward Craner, senior vice president, HOLT/Texas First Rentals.

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