Continuing to expand our footprint across California, Volvo Rents, has acquired U Save Equipment Rentals, a single-location construction equipment rental company located at 125 Bayshore Avenue in San Francisco. Since the beginning of the year we have completed 28 acquisitions, including six in California lifting our statewide presence to 13 rental centers.
The acquisition of U Save is a strategic move that will further strengthen our statewide presence and puts us in a favorable position to grow our business and increase the distribution of our comprehensive line of essential equipment.
According to a recent forecast by economists at IHS Global Insight, California will lead the pack in a nationwide construction recovery through 2016. According to IHS stats, California will have the most construction dollars spent ($723 billion); will have the largest gain in yearly spending dollars ($76.40 billion); and have the third highest annual average percentage gain (15.6%).
Another forecast by McGraw Hill Construction says the growth of construction spending in the Greater San Francisco area is projected to total more than $21 billion by the end of 2016.
“Volvo Rents’ well-established reputation as a service-oriented company dedicated to servicing the homeowner and contractor alike run parallel with our existing business model and made this an attractive and easy decision,” James Lew, who co-founded U Save in 1990, said. “I am confident that our customers are in great hands.”
In addition to Volvo Rents’ expanding line of Volvo compact equipment – such as backhoe and skid steer loaders, compact wheel loaders, compact excavators and compaction equipment – the rental center carries a comprehensive line of essential equipment and tools for the construction, commercial, industrial and homeowner markets. The focus is on daily, weekly and monthly rentals.
While store hours will be Monday-Friday, 7 a.m. to 5 p.m., the company offers 24-hour service, every day of the week.