NEWS: Construction Equipment Rental Startup Uses Recent Funds Raised to Acquire Two Companies. BigRentz Discloses First Acquisition is Lizzy Lift….
An OC startup that recently raised $2 million via Regulation D fundraising has used those funds to acquire two companies.
BigRentz, with HQ in Irvine, created an automated platform to book equipment for the construction industry. Its first disclosable acquisition is Lizzy Lift, a global, more traditional provider of construction equipment rental services.
Financial terms of the acquisition were not disclosed.
See recent article on BigRentz, which last year announced plans to go public, and opened a $2 million raise via Regulation D, here.
Big Rentz CEO Scott Canon told OCSN that the plans to go public have been postponed til next year.
About Lizzy Lift
Liffy Lift was co-founded by sisters Jennifer DuBose-Lombard and Elizabeth Faruzzi. It’s been in business for more than 20 years.
It provides material handling equipment and aerial work platforms, including high-capacity and specialty equipment and site services.
It will continue to maintain ownership of its equipment, but will now offer that equipment through the BigRentz marketplace. BigRentz, for its part, gains exposure to Lizzy Lift’s client portfolio.
BigRentz automated the equipment rental workflow and created a user interface that also enables invoice management and equipment logistics.
It already had amassed 2,500 partners with 8,500 rental yards across the country.
Its mission is to streamline the rental process for customers and suppliers.
Scott Cannon is the CEO of BigRentz.