The Equipment Source bought by Eberhart Capital

Marcia Doyle Headshot

Mustang 4200 V Rocks Lifestyle 004

Private equity firm Eberhart Capital has acquired Naples, Florida-based tool and equipment rental firm The Equipment Source.

Founded in 1999 by Billy Martinez, the southwest Florida store is the exclusive provider for Manitou and Mustang equipment in Collier and Lee Counties. The Equipment Source also is Collier County’s Kobelco compact excavator dealer.

Management has transitioned from Martinez to Steve Acquafresca, who is now general manager of The Equipment Source. The company rents a variety of equipment, including small tools, excavators, loaders, floor grinders, forklifts and boom lifts.

“This acquisition gives us another incredible team focused on helping America rebuild,” says Dan K. Eberhart, managing director, Eberhart Capital. The company also owns Contractor Sales & Service of Des Moines, Iowa. Terms of the deal were not disclosed.

Acquafresca led The Equipment Source as it developed a contactless drive-up service in response to the pandemic. This allows customers to order and pay for items in advance and call when they arrive for pickup.