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NOTABLE TRANSACTIONS: Industrial Growth

Free State
Industries, Inc.
Equipment Rental, Inc.

Free State Industries, Inc.
Baltimore, MD
February 1996

Bengur Bryan advised Free State in its sale to Equipment Rental, Inc. Free State is a leading provider of aerial lift equipment for rent and sale in the Mid-Atlantic States. Free State rents primarily JLG equipment and is a JLG distributor in the region.

Equipment Rental, Inc. is a leading provider of industrial and construction equipment for rent, primarily in the northeastern U.S. Free State provided Equipment Rental a leading market share in the Baltimore/Washington area.