KANSAS CITY, Mo. — EquipmentShare, the fastest growing construction equipment rental and technology solutions provider in the U.S., recently reached a deal to purchase substantially all of the assets of The Victor L. Phillips Company (VLP), a heavy equipment company. EquipmentShare closed on this purchase on February 28, 2020.
The deal covers five VLP locations in Missouri and Kansas. EquipmentShare purchased two VLP locations in Kansas City and Joplin, Mo., and plans to lease three other VLP locations in Topeka, Wichita, and Garden City, Kan.
In addition to EquipmentShare’s purchase of the real estate, EquipmentShare’s subsidiary also acquired heavy equipment assets, naming rights, intellectual property, and a schedule of liabilities. Heavy equipment assets purchased in the agreement were purchased from VLP and the Rex Spencer Equipment Company.
EquipmentShare’s wholly-owned subsidiary will be an authorized Case Construction Equipment, Sennebogen, and Epiroc dealer at all five aforementioned locations. All five locations will offer EquipmentShare’s standard equipment rental and retail sales services, as well as equipment repair and maintenance services.
Established in 1911 as a heavy equipment dealer, VLP has a long history of serving mid-Missouri construction and heavy equipment markets.
“EquipmentShare is proud to build on the legacy of innovation, reliability, and strong, long-lasting customer relationships that VLP has sustained for more than 100 years,” EquipmentShare CEO Jabbok Schlacks said. “This acquisition will allow us to build on this foundation, expand our reach in these markets, and best serve the long-time customers of The Victor L. Phillips Company.”
Presently, EquipmentShare operates 45 rental yards in 21 states. After the agreement with VLP closed, EquipmentShare now operates eight branches located in Missouri and Kansas. The construction technology solutions company plans to offer uninterrupted service to customers at the newly acquired locations. EquipmentShare is dedicated to helping contractors and heavy equipment owners increase the utilization of their assets and connect their employees, assets, and materials through the use of smart Jobsite technology. To learn more about EquipmentShare, visit equipmentshare.com.
To locate an EquipmentShare rental yard near you, visit
equipmentshare.com/locations.