Acme Lift Company, LLC ("Acme" or the "Company") is the nation's primary wholesale renter of late-model, large capacity aerial work platform equipment ("AWP"), boom trucks and other equipment to the local retail equipment rental markets in the U.S. and Canada. Acme is the only national company providing equipment rental companies with just-in-time access to large (80' and taller) AWPs, typically the most capital intensive segment of the equipment rental industry, on a short-term rental basis.
After a period of rapid growth and profitable expansion, Acme faced the economic contraction of 2008 and 2009 with a series of challenges:
level of operation
varied loan agreements.
and capacity for additional drawdowns to fund equipment acquisitions in the future.
and expand the capital base to support future expansion.
and product line expansion.
their own product line gaps arising from restrained credit requirements