Sunbelt Buys Pacific High Reach

December 1, 2011

Sunbelt Rental has acquired Pacific High Reach and Equipment Services in Los Angeles, according to published reports.

Pacific had filed for bankruptcy in August and has sold nearly all of its assets to Sunbelt for about $17.4 million. Matthew Pakkala of FTI Consulting served as the company's chief restructuring officer was reported as saying, "Sunbelt Rentals is an industry leader and this acquisition will help them expand their overall presence in the western region and capitalize on certain new niche market segments as well. This competitive sale process helped generate a substantial recovery to creditors."