SAN FRANCISCO, California; June 12, 2016 — Fountain Partners and Lift It Rentals announce a partnership enabling Lift It Rentals to access up to $6 million in equipment leasing. Lift It Rentals provides long term equipment leasing in the United States to various industries including commercial/residential construction, farming, oil/natural gas and industrial applications. The lease line of credit will allow Lift It Rentals to continue to expand its market presence and customer base.
Paul Adkison, Founder and Chairman of Lift It Rentals said “as our organization continues to grow and expand, the need to for the right financial partner is critical. Fountain Partners worked to understand our unique business model and quickly realized the opportunity for everyone involved. The lease lines of credit they are providing will allow us to continue our high rate of growth and continue to expand into other markets that utilize our products and services.” Scott Diggs, President of Lift It Rentals added “Fountain Partners think like entrepreneurs and understood not only where we were but more importantly where we were going.”
Lift It Rentals provides long term rental/leases of material handling equipment called a “tele-handler”. The company has strategically and exclusively focused on equipment manufactured by Merlo. Located in Cuneo, Italy, Merlo is one of the oldest and largest tele-handler equipment manufacturers in the world and first to introduce the unique, yet versatile, tele-handler in 1981.
About Lift It Rentals:
Lift It Rentals, LLC, founded by Paul Adkison in Charlotte, NC, provides long-term rental/leases of material handling equipment called “tele-handler” across the United States. Together with partner Scott Diggs, Lift It Rentals has strategically and exclusively focused on equipment manufactured by Merlo located in Cuneo, Italy. Merlo is one of the world’s largest manufacturers of tele-handler equipment in the world. Lift It Rentals currently has 26 machines in theater and is growing to 60 machines by the end of the year.
About Fountain Partners:
Fountain Partners has become a trusted funding source by specializing in equipment leasing for venture, growth, and expansion-stage businesses. By focusing only on financing fixed assets, the firm can complement any existing debt or equity capital structure and do so without requiring equity rights or blanket liens. For information, call 415-287-9674, email or visit www.fountainpartners.com.
Media Contacts:
Susan Carol, APR
For Fountain Partners
Paul Adkison
For Lift It Rentals