Calder Capital, LLC is very pleased to announce the successful sale of The Rental Branch of Niles, Michigan to individual investor, Patrick Peruchietti. The terms of the deal were not disclosed.
Formed in 1996 by brothers Mike and Kelly Branch, The Rental Branch rents equipment for construction projects from small lawn-and-garden tools to large earth-moving equipment. Additionally, the Company accommodates limited party rentals and has a retail store that sells decorative concrete supplies.
While the Branch’s had enjoyed many successful years of operating the business with great margins, Mr. Branch decided to sell the Company now because he feels that after 20 years in the business he is in a good position to pursue other goals and explore other options. He is ready to scale back, work less, and focus on a separate, unrelated business opportunity.
Mike Branch was pleased with the transaction adding, “While deciding to sell The Rental Branch was not an easy decision, Max Friar was very supportive and crucial in guiding us to the right buyer. He helped the buyer see the value in our company, and even reinvigorated Kelly and myself as he highlighted business strengths and opportunities that we had become accustomed to or had not envisioned. I would recommend Calder Capital’s services to any business owner who is even thinking about selling!”
Calder Capital, LLC served as the exclusive M&A representative of The Rental Branch and Ghazey Aleck served as the lead advisor.