Lowe Rental Acquires Equipment Resource & Solutions Inc.
The company’s latest acquisition extends Lowe Rental U.S. footprint into the Northeast, bolstering refrigeration expertise and accelerating expansion in convenience and small-format retail.
Lowe Rental announces the acquisition of Equipment Resource & Solutions (ERS), a U.S. commercial refrigeration distributor, project management and installation specialist serving the convenience store, small-format retail and foodservice sectors. Terms of the transaction were not disclosed.
Operating since 2008 from Ivyland, Pennsylvania, ERS specializes in turnkey refrigeration programs for store rollouts, remodels and retrofits. With their technical expertise spanning commercial refrigeration, walk-in coolers and freezers, modular cabinetry and shelving.
Strengthening Northeast Operations
Lowe Rental supports most of the major household names in grocery retail, with refrigeration rental services for store remodels, e-commerce fulfilment, HFC retrofit programs and equipment replacement projects. Delivered from established U.S. operations in Georgia and Texas, the fully managed rental service provides commercial refrigeration equipment across large store networks nationwide.
With continued investment in its fleet, and with a substantial customer base already established across the U.S., Lowe Rental’s acquisition of ERS adds the highly experienced ERS team and warehouse capacity needed to continue building on our service to the Northeast and Mid-Atlantic regions.
“We are delighted with the acquisition of Equipment Resource & Solutions. Tim and his team bring close to 20 years of experience in commercial refrigeration, complex installations and retail rollouts, together with the warehouse capacity and project management capability to support our national programs. That combination makes ERS a strong operational fit for us.”
Richard Epton, Chief Operating Officer, U.S., Lowe Rental
“ERS bring a wealth of c-store knowledge to our US operations. There are excellent synergies between both companies, reflected in our approach to customer service, our reputation with trusted brands and the quality of refrigeration we supply. That alignment creates a natural route to extend our services further into more c-store operators, and I am looking forward to seeing our two teams in front of customers together.”
Rachel McCausland, Chief Executive Officer, Lowe Rental
Building on a strong foundation
Equipment Resources will continue to operate from Ivyland under its existing management team, Tim Lowery, Mark DeFeo and Steve McGuigan.
“This is an exciting time for our business, we are joining a company that has operated in the U.S. since 1990 and shares our focus on technical expertise, practical experience and a commitment to delivering an excellent service. Joining Lowe Rental means we can keep doing that with a great deal more behind us: an expanded equipment fleet from global suppliers, monitoring technology and the ability to take on programs at a scale.”
Tim Lowery, General Manager, Equipment Resource & Solutions
About Lowe Rental
Founded in 1977, Lowe Rental has operated in the United States since 1990. From its U.S. headquarters in Peachtree City, Georgia, and operations in Fort Worth, Texas, the company provides fully managed rental services of commercial refrigeration, cold storage and catering equipment in to a range of markets nationwide.
U.S. markets served include, grocery retail, major sporting events, and the largest food and beverage exhibitions.
Globally, Lowe Rental is a corporation operating 12 distribution centres and a fleet of more than 100,000 pieces of refrigeration, commercial catering equipment and 1,000 portable kitchens. Its international operations are supported by more than 500 employees across North America, Europe, and Asia.
About Equipment Resource & Solutions
Founded in 2008 and headquartered in Pennsylvania, Equipment Resource & Solutions provides equipment procurement, project management and installation for the convenience store, small-format retail and foodservice sectors. The company delivers turnkey equipment programs spanning procurement, warehousing, staging, logistics, delivery and installation. Its product scope includes commercial refrigeration systems, walk-in coolers and freezers, glass display doors, custom millwork and modular cabinetry, shelving, ice makers and beverage equipment.
