Press Release: CBS Acquires Discount Equipment
To All of Our Valued Customers:
It is with great excitement we announce as of May 2nd, 2016, Discount Equipment has been acquired by CBS Rental and Supply. Discount Equipment joined CBS Rental and Supply due to their shared culture, visions and values. Together the two companies are joining as CBS Rental and Supply to mark the beginning of an innovative and expansive time period for the company.
We want to express that there will be no interruption of service for our customers during this transition. We look forward to meeting all your equipment needs in the coming years as we expand our rental fleet, product offerings, & locations in Florida, Texas, & other states.
Acquisition:
This acquisition advances CBS Rental and Supply’s mission of expansion from nine branches in Texas to twelve with the incorporation of Discount Equipment’s three branches in Orlando, Tampa and West Palm Beach, Florida. CBS Rental and Supply will be well positioned to deliver solutions that can transform the future of the rental industry throughout the gulf coast!
“I was not in the market to sell Discount Equipment. I have known Jason Herin personally for a few years and our friendship and beliefs in business has drawn us to this moment. I would never have imagined that such a synergy was possible on all fronts. This special once in a life time opportunity has evolved and I couldn’t have written a better story. Together the two companies joining as CBS Rental and Supply will become the greatest rental company in Texas, Florida and future states and locations. I am so proud of what we have done and what we are about to create.”
Rich Walker
CTO - CBS Rental & Supply
Former President of Discount Equipment
“Discount Equipment has a great team, great culture and great business practices. CBS Rental and Supply has, and always will, make decisions based on our values and Discount Equipment shares those values. We are very excited to have Rich and the Discount Equipment team as a key part of the CBS team as we expand past the borders of Texas and throughout the Gulf of Mexico region”.
Jason Herin
CEO - CBS Rental & Supply