Lift It Rentals Continues Upward Momentum in First Half of 2019

Charlotte, NC – August 14, 2019 – Lift it Rentals, LLC (“LIR”), a leading Equipment-as-a-Service provider   to the material handling equipment market, continued its  rapid growth in the first half of 2019 driven by strong demand for its rental equipment, the addition of new product lines, and continued strength in its diverse end markets.   Some of the first half highlights include:

  • 85% increase in Revenue
  • 126% increase in Gross Profit
  • 136% increase in EBITDA
  • 59% increase in Rental Equipment deployed
  • Total Assets Under Management approaching $30m

Paul Adkison, Founder & Chairman states, “We are very pleased with the results in the first half of this year. We continue to deliver on our Key Performance Indicators (KPI’s) and our team continues to deliver on the strategic plans we set forth at the end of 2018. We look to continue our rapid growth throughout the year and expect continued strength well into 2020.”

Scott Diggs, President of LIR, adds, “I couldn’t be more pleased with the efforts of our team and the results we’re delivering. We’re continuing to drive value for our capital providers and expect 2019 to be another record year for the Company. We believe our strong financial performance is a testament to our innovative business model and strong strategic relationships.”