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Industry Roundup: Texas First Rentals Acquires Rental One

Jordanne Waldschmidt Headshot
Updated Dec 15, 2022

Texas First Rentals, a division of Holt, the authorized Caterpillar dealer for 118 counties in South, Central, North and East Texas, has acquired Rental One.

Rental One is a full-service equipment and storage container rental company offering a complete line of construction equipment and supplies in 15 locations throughout the Dallas-Fort Worth and Central Texas regions.

According to the news release, the 300 current Rental One employees, including the leadership team, will become employees of Texas First Rentals and will continue to operate from current Rental One locations.

The move expands Texas First Rentals’ reach in the region, bringing the total number of locations up to 40.

“Rental One is an excellent strategic and cultural fit that complements our existing products and services,” said CEO and General Manager of Holt, Peter J. Holt. “More importantly, Rental One is a multi-generational, family-owned Texas company. As a family-owned business ourselves, we know the value of such an organization and what that means to our customers.”

“Our team has worked to build a successful business with meaningful relationships that span three generations,” said Rental One President Mike O’Neal. “Our customers will benefit from a broader range of products and combined expertise as we join the Texas First Rentals team. We continue to be committed to providing customers with the best equipment and reliable service they have grown to know.”

Rental One was founded in 2004 in Colleyville, Texas, with equipment rental roots going back to the 1950s.