# Opifex Enterprises and Synergy Equipment combine to form largest independent equipment rental company in Texas and Florida

Opifex Enterprises and Synergy Equipment, a portfolio company of Avance Investment Management, combined to form the largest independent equipment rental company in the Texas and Florida markets. The combined entity ranks as the 9th largest general equipment rental provider in the US.

- Type: Acquisition
- Announced: 2024-07-31
- Where: Florida, Texas, United States
- Status: completed
- Products: equipment rentals
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Synergy Equipment](https://endata.com/companies/78929.md)
- [Opifex Enterprises](https://endata.com/companies/78928.md) (target)
- [Synergy Equipment](https://endata.com/companies/78929.md) (acquirer)
- [Avance Investment Management](https://endata.com/companies/78930.md) (investor)
- [Vance Investment Management](https://endata.com/companies/79226.md) (investor)

## Sources

- [catalystsa.com](https://catalystsa.com/opifex/), 2024-07-31: "This transaction marks the largest acquisition completed by Synergy and Avance."
- [flavip.com](https://flavip.com/florida-texas-equipment-rental-companies-announce-merger/), 2024-08-07: "We are excited to combine the resources and best practices of the two businesses to create one of the leading market participants in Florida, Texas, and other high-growth equipment rental markets in the South."
- [catalystsa.com](https://catalystsa.com/project/opifex-enterprises-and-synergy-equipment-combine-to-form-the-largest-independent-equipment-rental-company-in-the-texas-and-florida-markets/), 2024-08-07: "This transaction marks the largest acquisition completed by Synergy and Avance."
- [forkliftaction.com](https://www.forkliftaction.com/news/merger-creates-new-equipment-rental-entity.aspx?n=29430), 2024-08-16: "The merger of south-eastern construction and materials handling equipment rental business Synergy Equipment with Texas-based Opifex Enterprises has created the ninth-largest general equipment rental company in the United States."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.