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Eberhart Capital purchases The Equipment Source

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Eberhart Capital purchases The Equipment Source

Eberhart Capital LLC added The Equipment Source LLC to its portfolio.

The Equipment Source is a Naples, Fla.-based tool and equipment rental company catering to the consumer, construction and industrial markets in Southwest Florida. It has also finalized its management transition to Steve Acquafresca, who is now general manager of the company, from founder Billy Martinez.

Through the acquisition, The Equipment Source is joining Des Moines, Iowa-based Contractor Sales & Service Inc., another Eberhart portfolio company. It will be able to offer more solutions to clients and expand its services.

The Scottsdale, Ariz.-based private equity firm targets businesses in the oil and gas, construction, trucking and industrial sectors.