The seller, Loudon County Rentals and Mini Storage has been the premier equipment rental destination for over 28 years in East Tennessee. Their extensive selection and dedication to providing the right tools and equipment their customers need to get the job done are above and beyond the industry standard.
The buyer, a private equity-backed rental company, saw true value in LCR from the moment they engaged. LCR’s commitment to their staff and community were massive selling points that the buyer appreciated and ultimately knew that they wanted to be a part of and continue LCR’s great work.
Bob Kendrick, owner of LCR, had this to say about the deal: “Benchmark International’s professional approach brought me many qualified buyers. They helped me determine the best fit for my company and led me through all the steps of the process with great attention to detail. The team was always available to help me with difficult decisions and concerns at a moment’s notice. I cannot thank them enough for making the best deal happen for me and my family.”
“Bob with LCR was one of the best clients that I have had the privilege to work with. His infectious positive attitude throughout the whole process was amazing. We couldn’t be happier with this result and wish the best for Bob and his family moving forward.” –Matthew Kekelis, Director, Benchmark International
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
About Benchmark International
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $7B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 14 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.