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| Neff Rental's History |
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Neff Rental traces its history to two companies, MP Equipment, which was founded in 1988 by the Mas family and Jose Perez, a former Hertz executive, and Neff Machinery, a John Deere dealership with locations throughout South Florida. In 1989, Neff Machinery was purchased by the Mas family and merged with MP Equipment to create Neff Rental.
Throughout the 1990s, Neff Rental grew quickly by strategically acquiring rental equipment companies in sunbelt states and opening rental branches in high-growth markets. In 1998, the Company had enough scale to go public and remained so for a number of years.
Subsequently, Neff returned to being a private company in the early 2000’s during the economic downturn and resulting non-residential construction contraction, which allowed it to refocus on its core competencies. Management concentrated on increasing its operating efficiencies, investing in its sales force through training, investing in technology and remixing its fleet to take advantage of the earthmoving sector.
Today Neff Rental, owned by Wayzata Investment Partners, is focused on growth opportunities by increasing its strategic market penetration through new and existing branches, investing in new fleet and continuing to provide excellent service to its valued customers. Neff’s core competencies include its well-managed fleet, its geographic footprint, its professional sales force and its dedication to its customers. The Company is dedicated to providing the right equipment in a timely and professional fashion.
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