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April 22, 2008

HAMDEN, CT — All Reach Equipment, LLC (“All Reach”), based in Hamden, Connecticut has been acquired by Hertz Equipment Rental Corporation (“HERC”). All Reach is an integrated equipment services company focused on aerial booms, scissor lifts, straight mast forklifts, and reach forklifts. The Company rents, sells and services this specialized equipment. FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to All Reach. The purchase price was not disclosed.

“This transaction demonstrates FocalPoint’s ability to close transactions in challenging sectors that require industry expertise and deep knowledge of the strategic buyer universe,” commented Dan Conway, managing director of FocalPoint. “Our relevant equipment rental experience was critical in allowing the shareholders of All Reach to obtain the most attractive valuation for their business.” 

“When we first considered going to market, the housing cycle had already begun to turn and I was concerned whether I would be able to realize the full value of my business,” said Joseph Hill, president of All Reach. “FocalPoint Partners guided me every step of the way. They ran a competitive process, resulting in several compelling offers, the best of which I accepted from Hertz. Without FocalPoint’s insight and diligence, this transaction may not have come to fruition.”

About FocalPoint
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings/distressed M&A. The firm’s primary focus is on middle-market companies with revenues between $25 million and $250 million in the business services, consumer, healthcare, industrials and technology sectors. FocalPoint has an active equipment rental investment banking practice.

Please contact Dan Conway at (310) 405-7010 with any questions about this transaction.