Capstone Partners served as exclusive financial advisor to DCMM Rental One, Ltd. (“Rental One”), in its sale to Texas First Rentals, a division of HOLT.
Headquartered in Colleyville, Texas (Dallas–Fort Worth Metroplex), Rental One is the largest independent, non-dealer provider of commercial and industrial construction equipment rental services in Texas, serving customers through fifteen strategically located branches across three of the nation’s fastest growing regions: Dallas–Fort Worth, Austin and San Antonio; Rental One was ranked #47 in RER’s 2022 Top 100 Largest Rental Companies in North America.
With a rental family heritage of over 65 years, Rental One primarily serves a diverse roster of small and mid-sized contractors who rely on the Company for “need-it-now” fleet availability, facility proximity, value-added products and best-in-class customer care and service support; Rental One’s leadership intentionally built a scalable business based upon culture, organizational design, management depth, processes, technology and talented, experienced personnel.
Texas First Rentals is a San Antonio, Texas-based provider of construction equipment rental solutions, offering a full line of aerial, dirt and portable power equipment via its network of branches throughout the North, Central and South Texas regions; HOLT, via its Texas First Rentals division, was ranked #23 in RER’s 2022 Top 100 Largest Rental Companies in North America.
The combination of Rental One and Texas First Rentals brings together Texas’ top two independent construction equipment rental providers, establishing a 40-location entity that immediately achieves RER Top 15 scale nationally.
HOLT is a family-owned company headquartered in San Antonio, Texas; its HOLT CAT division is the largest Caterpillar equipment dealer in the United States, serving 118 Texas counties spanning from the Red River to the Rio Grande; HOLT operates several additional divisions, including HOLT Truck Centers, HOLT Crane & Equipment, HOLT Manufacturing, HOLT Industrial Rentals, HOLT Renewables and SITECH Tejas.
Capstone Partners is a market leader in the equipment rental and dealer sectors, having completed multiple transactions involving both financial and strategic buyers / partners while publishing authoritative industry research.
Immediately after closing, our family reflected that one of the best decisions we made was to retain [Capstone Partners] as our advisor. When we first met with their team, they demonstrated a superior understanding of our business, industry dynamics and the likely strategic and financial buyers. At Rental One, we believe culture, people and processes support consistent, exceptional customer service…and we found [Capstone] shares that same business model alignment. They were compelling marketers of our business, effective negotiators and thoughtful, trusted advisors throughout. [Capstone] generated a lot of interest in our business, allowing our family ultimately to choose the best fit for our company – Texas First Rentals. We appreciate their efforts and our partnership in this extremely successful transaction.
The [Capstone Partners] team provided a professional and mutually beneficial outcome on our acquisition of Rental One. [Capstone Partners’] commitment to transparency and facilitating a positive outcome for all stakeholders sets them apart in the industry.
