Growth Continues to Outpace the Industry
CHARLOTTE, NC – July 26, 2018 – Charlotte, NC, based Lift It Rentals, LLC, continues to see significant demand for its equipment rental, financing, and management services solutions. In the first half of 2018, the Company’s revenues and EBITDA grew over 30%. Based on its robust sales pipeline, the Company expects its revenues and EBITDA to increase by approximately 80% for 2018, after doubling in 2017.
“We are continuing to see strong demand for Merlo equipment across the non-residential construction, energy, industrial, and agricultural industries as customers discover the significant value of Merlo’s equipment to their respective businesses. Merlo drives significant value to customers in terms of productivity, safety, and serviceability”, said Paul Adkison, the Founder and Chairman of Lift It Rentals.
The Company’s President, Scott Diggs added, “We are very pleased with the momentum in our business. We expect to continue to see strong utilization, volume, and pricing in our business as we enter the second half of 2018. Industry dynamics continue to be favorable and we expect the strong cycle to continue for the foreseeable future”.
About Lift It Rentals: Lift It Rentals, LLC, is a leading equipment rental, financing, and management services company providing innovative solutions to customers in a wide range of industries including construction, energy, agricultural, industrial, engineering, and municipality. With customers in more than 25 states, Lift It Rentals is one of the fastest growing companies in the equipment rental and finance industry. For more information please visit the Company’s website at www.LiftItRentals.com.