19 Jan Florida Contractor Rentals represented by The Stansberry Firm in acquisition by Synergy Equipment
The Stansberry Firm proudly represented Florida Contractor Rentals (FCR) in its recent acquisition by Synergy Equipment. FCR was founded in 2002 by industry veteran Mr. Cliff Sheffield and operates three locations in Daytona Beach, St. Augustine and Palatka, Florida; at the time of acquisition, the Company was also in the process of opening a fourth location in Jacksonville, FL. FCR has become the largest independently operated construction equipment rental company in the northern Florida region, offering a wide range of earthmoving, aerial and general line construction equipment for rent.
Synergy Equipment, founded in 2012, operates locations in Miami, Tampa, Orlando and Fort Myers, Florida.
Since its inception in 2002, Mr. Cliff Scheffield served as FCR’s President alongside his brother, Mr. John Scheffield, who served as the Company’s Operations Manager. Cliff Scheffield retired post-transaction while John Scheffield will remain with the Company serving a similar role.
Mr. Cliff Scheffield said of his experience working with The Stansberry Firm:
I am very pleased with The Stansberry Firm’s efforts in our recent sale of Florida Contractor Rentals. From day one, it was obvious they knew what they were doing as they outlined the process and went right to work. Gary and Carolyn brought multiple buyers to the table, gave us sound advice and stayed with us all the way through closing of the transaction, leaving no doubt they kept my best interests at the forefront throughout the process. I appreciate that we had choices as to who the buyer would be and I was able to move forward with the group that made the most sense for our employees and customers.”
Since 2011, The Stansberry Firm has closed over $150 million in transactions with strategic national and local buyers and private equity. See our select transactions and a list of our transaction history for more information. For many business owners, now may be a good time to explore the sale of your business. Please contact us if you are seeking advice on the value and marketability of your company.