American Trailer Rental Group has completed the acquisition of Arizona Storage Rental, based in Phoenix, with additional Arizona locations in Flagstaff and Tucson. The transaction closed on Dec. 31, 2020, and is the latest play in what the company calls “an aggressive growth strategy” that is rooted in both acquisitions and greenfield pursuits.
The Arizona deal represents the fifth acquisition since Milton Street Capital's formation of ATRG in June of 2017. This purchase, coupled with greenfield initiatives, brings ATRG’s total number of rental locations to 13 with a rental fleet that is now approaching 16,000 units, according to the company.
Arizona Storage Rental was founded in 1979 with a single location in Phoenix, and later opened a location in Flagstaff in 1980. The business ultimately expanded to Tucson in 2004. These three locations have over 3,000 units in their fleet.
Industry veteran John Schlueter will join ATRG team as the general manager for the three additions. He has more than 25 years of experience in the trailer leasing/rental business.
"With the addition of Arizona Storage Rentals (ASR), ATRG continues its strategy to build a national family of brands supporting our customers throughout their supply chains with high quality storage, cartage and over the road trailer solutions,” ATRG CEO Jonathan Brooks said. “Building upon the 40-plus-year heritage of ASR, we are excited to enter the high growth Southwest region of the US.
“Terri Hackett and the team at ASR have built a wonderful, customer centric business. We are committed to being good stewards of the foundation that has been established as we focus on growing the ASR brand."