Microlease CEO Nigel Brown stated that the merger will create a world-class platform with a global presence.
 
“Both companies are leaders in the test and measurement equipment rental, sales, and asset management services sectors,” said Nigel Brown, CEO of Microlease. “Together, we believe we can better serve our customers through a much broader product range and expanded geographic coverage, thereby ensuring improved availability and a higher level of technical service.”
 
Electro Rent is a company belonging to Platinum Equity, which acquired the company in August 2016.
 
"This is a transformative opportunity that puts the resulting company in a better position to serve its customers in an ever-growing global market," said Platinum Equity partner Louis Samson. "We are delivering on our commitment to invest in Electro Rent's long-term strategic plan and will continue to seek new opportunities for organic growth and through further acquisitions."
 
Nigel Brown will assume the role of CEO of the merged company once the transaction is complete. The company's North American operations will be headquartered in Van Nuys, California, and its EMEA operations will be headquartered in London, UK.

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