Private equity company Eberhart Capital LLC, Scottsdale, Arizona, recently bought Barrett’s Equipment, Englewood, Florida., from founder and owner Joe Barrett.
The Barrett buy was Eberhart’s second purchase of an equipment-rental company in Florida this year.
“Florida is an attractive place to invest because of its pro-business attitude and continuing economic growth,” said Dan Eberhart, managing director of Eberhart Capital.
Eberhart added that although 2020 may look different because of the COVID-19 pandemic, Florida’s western coast saw construction-industry revenue grow 15% last year, which helps fuel construction projects and rentals.
Eberhart said he looks forward to building on the strong business foundation built by Joe Barrett. In business for more than 20 years, Barrett’s has won several awards for providing aerial lifts, earth-moving machinery, and other construction equipment for rental or on a rent-to-own basis.
It is a dealer for many well-known brands of construction equipment. The most relevant to Lift and Access readers is JLG.
Joe Barrett said that Barrett’s Equipment is excited to have Eberhart Capital to take the business to the next level.
Long-time Barrett’s employee Jake Strickland is the new branch manager.
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