Durante Rentals, LLC acquires assets of Iron Source, LLC

Posted on May 11, 2023 in Nuts & Bolts

This strategic relationship will enable Durante Rentals to continue building a regional network of equipment rental, sales, and service for its expanded customer base.

Durante Rentals has just announced its acquisition of Delaware-based equipment rental provider and dealer, Iron Source. This move is expected to expand Durante Rentals’ reach in the Mid-Atlantic region and enhance its already robust product and service capabilities.

Iron Source will continue to operate under its current branding, and its day-to-day managers, Chess Hedrick and Wyatt Wiggins will remain in their positions. All of the company’s employees will also become part of the Durante Rentals team.

Kenneth Cockrill

According to Kenneth Cockrill, CEO of Durante Rentals, the two organizations share many common synergies and are well-positioned to deliver world-class products and services while maintaining exceptional customer service. For Chess Hedrick, the acquisition is an exciting opportunity to expand the company’s fleet and resources, enabling it to grow its footprint much faster than before. Hedrick also emphasizes that the two companies share similar values, particularly their mutual investment in their employees and their safety.

Durante Rentals has been a reliable name in construction equipment rentals since 2009, and its geographic footprint continues to expand with locations throughout the Northeast and Mid-Atlantic regions. The company serves a broad range of customers in various industries, including general construction, facilities maintenance, civil construction, homebuilding, structural engineering, entertainment, and government. It is currently ranked #73 on the RER 100 and has won seven INC. 5000 Hall of Fame awards. Durante Rentals is supported by Clairvest Group Inc., a top-performing private equity management firm with over CAD $3.3 billion of capital under management based in Toronto, Canada.