Diamond Rental Inc

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Diamond Rental Inc - overview

Established

1979

Location

Salt Lake City, UT, US

Primary Industry

Business Support Services

About

Diamond Rental Inc specializes in providing rental equipment solutions for the construction industry, offering a diverse range of machinery to meet the needs of contractors and builders across various sectors in the US. Founded in 1979 in Salt Lake City, US, Diamond Rental Inc operates as a rental service for construction equipment. It has not undergone any major pivots in business strategy. The company does not have any known subsidiaries.


The firm was acquired in July 2007 by Prudential Capital Group from Housatonic Partners and Peterson Partners. The CEO is Francel Missieatri and Mark Clawson. Diamond Rental Inc offers a wide selection of construction equipment rentals, focusing on industry-standard Caterpillar (Cat®) machines. Its product lineup includes aerial equipment like boom and scissor lifts, earthmoving machinery such as excavators and dozers, along with various compaction and concrete equipment.


The company caters to contractors and builders across commercial, residential, and industrial sectors, primarily in Utah and surrounding areas. Diamond Rental Inc earns revenue through the rental of heavy equipment to businesses in the construction sector. Clients typically engage in short- to long-term rentals, with a pricing structure dependent on the duration and type of machinery. The rental agreements often include additional services like maintenance and parts support, which enhance the offering for clients working on complex projects.


While specific upcoming products or expansions have not been detailed, the recent acquisition by Prudential Capital Group in July 2007 indicates a strategic interest in potential growth opportunities. Future initiatives may include geographic expansion and enhancements to their product offerings to meet evolving demands in the construction sector.


Current Investors

Primary Industry

Business Support Services

Sub Industries

Equipment Rental & Leasing

Website

www.diamondrental.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Diamond Rental Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedDiamond Rental Inc-
BuyoutCompletedDiamond Rental Inc-

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