ABLE Equipment Rental Purchases Aerial Assets of Mobile Lifts

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Northeast rental and sales leader enters new market and adds to its large fleet of equipment

ABLE HQ building in Deer Park, New York

ABLE's Corporate HQ in Long Island, NY

"We're extremely excited to welcome Mobile Lifts to the ABLE family. Their 40 plus year history along with a very loyal customer base was certainly one of the factors that helped us in our decision-making," said Steven Laganas, ABLE's Chief Executive Officer.

ABLE Equipment Rental, Inc. of NY (ABLE) a supplier of Construction Equipment Rentals, Sales, Service and Parts, is pleased to announce that it has purchased the aerial equipment assets and service operations of Mobile Lifts, Inc. of Norristown, Pennsylvania. The transaction will allow the facility to operate as the newest branch of ABLE Equipment Rental. ABLE will retain most of the current Mobile Lifts staff with plans to grow the team immediately. It will operate it as its fifth location in the northeast.

Located on 2-acres in Montgomery County at 2 Liberty Avenue in Norristown, Pennsylvania, ABLE's newest branch is 45 minutes outside of Philadelphia, accessible to several major roads and highways. The facility is ideal to service the King of Prussia area and is well situated to deliver equipment throughout the region.

"We're extremely excited to welcome Mobile Lifts to the ABLE family," said Steven Laganas, ABLE's Chief Executive Officer. "Their 40 plus year history along with a very loyal customer base was certainly one of the factors that helped us in our decision-making. I look forward to partnering with Mobile Lifts' knowledgeable and talented team," Laganas added.

"Strategically, it will allow us to continue to serve as a reliable provider of aerial equipment for Mobile Lifts' current commercial and industrial clients," said Chris Pera, ABLE's Chief Operating Officer. "Additionally, we'll be able to offer a wide range of machines for rent and for sale to fulfill their specific construction equipment requirements," Pera added.

ABLE purchases its equipment from the industry's leading manufacturers and continues to add to its fleet. Equipment is available for daily, weekly, monthly and long-term rentals. There are also equipment financing plans available for new and used equipment.

About ABLE Equipment Rental
Founded in 1996, ABLE Equipment Rental is privately-owned. With corporate headquarters based in Deer Park, Long Island, NY, its other locations are in Edison and Pennsauken, NJ, and Honey Brook, PA. ABLE provides Rentals, Sales, Service, and Parts, as well as applications for critical infrastructure maintenance and support, contingency planning, and disaster recovery. It offers a fleet of service vehicles providing emergency service and repairs to customer owned fleets. ABLE's five locations serve the northeast markets of NY, NJ, CT, PA, Delaware, and Maryland. For more information on ABLE Equipment Rental, visit ableequipment.com or send an email to info@ableequipment.com.

Contact:
ABLE Equipment Rental
Neil Goldstein
(631) 964-8109
ngoldstein@ableequipment.com

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Neil Goldstein
ABLE Equipment Rental
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