Content Tagged: "succession planning"

AAA Party Rentals, based in Laurel, Md., and with a satellite in Waldorf, Md., has survived for nearly 30 years as a family-owned event rental company by proudly “staying in its lane.”

Hello, American Rental Association (ARA) Region One members. I hope it’s been a great spring rental season for you so far. I’m Allison McIntosh, co-owner of Taylor True Value Rental in Concord, N.H., and president of the ARA of New Hampshire, and I’m pleased to be able to share a few thoughts with you about business succession.

At its very heart, the rental industry is comprised of many family businesses, with the next generation often taking over at some point in the future.

Alberto Pianelli grew up in his family’s rental operation, F & B Rentals in Santa Ana, Calif., but he knew he had to take a different route for a while. 

In 2020, after more than 70 years under family ownership, Tates Rents, the Boise, Idaho-based rental operation that serves both the construction and general tool markets, including a large base of do-it-yourself homeowners, switched gears.

Small business owners listen up. Do you know what happens to your business if something were to unexpectedly happen to you? If you answered, “I don’t know,” then you are one of many business owners with this response. 

After fully taking over the reins of Aaberg’s Tool & Equipment Rental, Tacoma, Wash., from his late father, Hank, in 2020, Alexx Bacon is taking the company in new, progressive directions.  

After a year of dealing with the coronavirus (COVID-19) pandemic, some equipment and event rental store owners might see an opportunity to retire o

Just as there are so many considerations and details to manage when entering the equipment and event rental industry, there are just as many, if no

Sean Williams, president, and Brian Soares, vice president, First Place

Brent Paris, managing partner, Dubin Clark & Co., Jacksonville Beach, Fla.

Many party and event rental operators were having a banner year in 2019 and poised for even more growth in 2020. When the coronavirus (COVID-19) pa

When Josh Nickell, now American Rental Association (ARA) vice president, equipm

(PDF)

When Matt Mutton was a college junior, he made a major decision. He wanted to take over the family rental business,