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Rent-A-Lift Inc history
Rent-A-Lift Inc company history timeline
Founded in 1961, H&E Equipment Services is Baton Rouge-born and Baton Rouge-proud.
In 1980, the Hoskins family started Arrow Lift Rentals in Southern California.
The company was formed in 1992 in California.
Total revenue for 1993 reached $25.63 million, with a net loss of $294,000.
Fiscal 1994 revenues grew to $41.82 million, and net income jumped to $1.98 million.
In 1995, Tom Engquist’s son, John, purchases the company from his father and takes on the role of CEO and Director.
First to Go Public: 1996
In 1996 total revenues climbed to $128.35 million, and net income dropped slightly to $2.72 million.
Still More Acquisitions: 1998--99
NationsRent also was gearing up for a major branding campaign that would include a NASCAR sponsorship in 1999.
By mid-1999, the top 100 competitors in the business, including RSC (of an approximate total 15,000 competitors), were estimated to hold only 17 percent of the full market, with no competitor holding more than a two percent market share.
©2022 H&E Equipment Services, Inc.
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Rent-A-Lift Inc may also be known as or be related to Rent A Lift, Rent-A-Lift Inc and Rentalift.