Morgan City Rentals

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Morgan City Rentals - overview

Location

Morgan City, LA, US

Primary Industry

Oil & Gas

About

Morgan City Rentals offers a range of high-quality rental solutions for both residential and commercial needs, including construction equipment, tools, and event furnishings to facilitate seamless project execution. Morgan City Rentals operates in Morgan City, US, specializing in rental solutions for various sectors. The company was acquired by Delta Rigging & Tools, a portfolio company of Austin Ventures, in June 2013. Steven Morgan, the CEO, has an extensive background in the rental industry, although no previous companies are noted.


Morgan City Rentals specializes in providing high-quality rental solutions tailored to meet the demands of both residential and commercial sectors. The company offers a diverse range of rental products, including equipment for construction, tools for home improvement, and versatile furnishings for event planning. These offerings are designed to solve specific challenges faced by end users, such as the need for temporary access to essential tools without the burden of ownership. Morgan City Rentals serves a broad client base, including contractors, event planners, and homeowners, allowing them to efficiently execute projects and events with minimal hassle.


Their products are strategically available in various geographical markets, including urban centers and expanding suburban areas across the United States. Morgan City Rentals generates revenue through a structured rental model, primarily focusing on B2B and direct-to-consumer transactions. Clients typically engage with the company through a straightforward rental agreement, which may involve daily, weekly, or monthly rates depending on the type of equipment or service rented. The company’s flagship products, which include specialized construction tools and high-demand event furnishings, play a crucial role in its revenue generation.


Pricing plans are competitive and designed to cater to a range of budgets, ensuring accessibility for both large contractors and individual consumers. Through this transactional framework, Morgan City Rentals effectively meets the needs of its diverse clientele while establishing a reliable income stream. Morgan City Rentals plans to expand its product offerings by designing new rental solutions aimed at enhancing user convenience, with several products expected to launch by the end of 2024. The company is actively targeting growth in the Southeastern US markets, particularly in Florida and Georgia, aiming to establish a presence there by mid-2025.


The acquisition by Delta Rigging & Tools in June 2013 will support these initiatives by providing additional resources and market access.


Current Investors

Delta Rigging & Tools, Inc.

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Equipment and Services

Website

www.morgancityrentals.com

Company Stage

Add-on

Total Amount Raised

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Morgan City Rentals - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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Morgan City Rentals - employee data

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