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Mixture creates one of the crucial biggest sovereign apparatus apartment corporations serving Florida, Texas, and alternative fast-growing markets within the South
TAMPA, Fla. and AUSTIN, Texas, Aug. 7, 2024 /PRNewswire/ — Synergy Apparatus (“Synergy”), a Southeastern building apparatus apartment trade, and Opifex Enterprises (“Opifex”), a Texas apparatus apartment corporate, nowadays introduced that they have got blended to mode one of the crucial biggest sovereign apparatus apartment trade in america (jointly, the “Company”). In combination, the Corporate will turn into the 9th biggest1 normal apparatus apartment supplier within the U.S. in response to the RER 100.
With 25 section places throughout Texas, Florida, Georgia, and Alabama, the Corporate will proceed to capitalize on marketplace alternatives in infrastructure, business, and homogeneous initiatives all over the Southern U.S. Synergy and Opifex will proceed to perform below their present manufacturers, with each and every group’s best-in-class group proceeding to pressure the life enlargement of the trade. In reference to the mix, the Corporate won incremental fairness capital from JC Mas in addition to Avance Funding Control (“Avance”), a well-known funding company that companions with founder-owned companies within the Services and products, Generation, and Client gardens.
The Corporate shall be led via a five-person control committee that brings in combination management from each companies to influence the go-forward strategic perceptible. Synergy Prominent Government Officer JC Mas will supremacy the control committee along Opifex Prominent Government Officer Jay Vaughn, Synergy Prominent Running Officer Jeff Karter, Synergy Prominent Monetary Officer Scott McPhail, and Opifex President Stefan Gresham.
JC Mas commented, “We have been very impressed with the rapid growth, high asset utilization, and strong profitability that Opifex has produced over the last several years, and we look forward to working with Jay and his team to expand Opifex’s footprint throughout the ‘Texas Triangle’ and beyond. We are excited to combine the resources and best practices of the two businesses to create one of the leading market participants in Florida, Texas, and other high-growth equipment rental markets in the South.”
Jay Vaughn added, “We are thrilled to be partnering with a first-class organization like Synergy. JC Mas has been a leader in the equipment rental industry for decades and I look forward to working with him and the experienced Synergy team to build the next great equipment rental platform. We will continue to bring a high level of customer service through our local service and leading service response times. With our combined resources, we will be optimally positioned to support the needs of our current and future customers as an independent rental company with national scale.”
“Synergy and Opifex are both market leaders with track records of impressive growth,” mentioned Luis Zaldivar, Co-Founding father of Avance. “As partners, Synergy and Opifex are well-positioned to continue delivering exceptional service across infrastructure and commercial projects. We are excited about the potential this combination presents.”
Catalyst Strategic Advisors LLC acted as monetary consultant to Opifex.
About Synergy Apparatus
Based in 2012 via JC Mas, Synergy Apparatus is a building apparatus apartment trade within the Southeast US. With 22 places throughout Florida, Georgia, and Alabama, Synergy serves consumers from numerous finish markets inside the infrastructure, significance, building, production, govt, mining, and agricultural areas. Synergy trade in a huge form of kit starting from aerial, earthmoving, subject matter dealing with, compaction, strong point pumps, and alternative gear and equipment. Avance Funding Control made an funding in Synergy in January 2022.
About Opifex Enterprises
Based in 2018 in Austin, Opifex is a fast-growing apparatus apartment corporate in the United States with branches in Austin, San Antonio, and School Station. Opifex products and services contractors operating on massive, long-term infrastructure, institutional business, and business initiatives. Opifex trade in a huge form of kit together with aerial, earthmoving, subject matter dealing with, compaction, strong point pumps, and alternative gear and equipment.
About Avance Funding Control
Avance is a personal fairness company with a keenness for construction admirable companies in partnership with gifted control groups. Avance specializes in thematic investments inside the Services and products, Generation and Client gardens within the U.S., in the hunt for horny alternatives with catalysts for enlargement and fragmented areas with consolidation alternatives. Avance’s group has a protracted historical past of partnering with founder-owned companies, business executives, and control groups and objectives so as to add worth to each and every funding. Avance has workplaces in Untouched York and Miami.
Avance Media Touch
Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
1 Score in response to Condominium Apparatus Sign up’s 2024 RER 100 listing. In keeping with apartment income quantity for US-based corporations focusing on normal apparatus apartment, together with aerial and earthmoving apparatus. Excludes corporations with a number one center of attention on renting cranes, energy past, temperature keep watch over, custom designed vehicles, and pumps.
SOURCE Synergy Apparatus; Opifex Enterprises
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