MINNEAPOLIS, Oct. 12,
2022 /PRNewswire/ -- Hunter Street,
a Minneapolis-based alternative investment management firm, is
pleased to announce it has sold its All-Star Rents ("All-Star")
platform focused on the sale, rental, and servicing of light
equipment to HercRentals ("Herc"), a leading equipment rental
supplier with 333 locations in North
America.
The initial acquisition in September
2020 of All-Star and launch of the equipment rental
investment platform grew from a single-site operator to three
locations in central and south Florida: Sarasota, Orlando, and Naples.
Andrew Platt, Partner at Hunter
Street, said: "We are incredibly proud of the growth at All-Star
and were pleased to see the strong interest from the Herc team in
adding All-Star's equipment rental locations to their platform.
Over the course of our investment, All-Star took a strong foothold
in two additional cities across Florida, positioning the platform for
continued expansion and success moving forward."
"We believe it's an opportune time to sell the All-Star platform
to the Herc team, who are committed to growing their business
globally and providing All-Star continued support to evolve and
expand their rental offerings and reach an even broader range of
customers," said Neal Johnson, CEO
and CIO at Hunter Street. "All-Star benefited from strong tailwinds
related to the economic recovery, and the sale reflects strong
performance and growth of the platform over the last two years,
which ultimately benefits the company's customers and
employees."
About Hunter Street
Hunter Street is a Minneapolis-based alternative investment
management firm that provides creative capital solutions to
operating partner teams and small to mid-sized companies for
special situations, asset-based financings, and secondary
purchases. The firm is focused on special opportunities across
corporate finance, real estate, and specialty finance. Learn more
about Hunter Street at www.hunterst.com
About HercRentals
HercRentals is a premier, full-service equipment rental company
providing customers the equipment, services, and solutions they
need to achieve optimal performance safely, efficiently, and
effectively. With more than 55 years of equipment rental expertise,
approximately 6,100 employees and 333 locations across the United States and Canada, HercRentals serves a broad range of
customers, industries, and markets. A pioneer of the equipment
rental industry, HercRentals continues to evolve and grow through
technological innovations, expanded product offerings, value-added
services, and consultative solutions to support customers'
projects. Learn more about HercRentals at www.hercrentals.com.
Hunter Street Contact
ir@hunterst.com
Media Contact for Hunter Street
Zach Kouwe / Shree
Dhond
Dukas Linden Public Relations
hunterst@dlpr.com
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SOURCE Hunter Street Partners