In June, Peer Executive Groups announced this year’s Top Gun award winners. Fifty-four companies made this year’s lists, including 27 that use Point of Rental to run their operations.
“We apply owner compensation, expense, and rent tests to verify EBITDA [Earnings Before Interest, Taxes, Depreciation and Amortization], and check financial reports and tax returns where appropriate. While our network shows EBITDA performance closer to 28 percent, our Top Gun members average north of 40 percent,” said Dan Crowley, Peer Executive Groups president.
Here are this year’s Point of Rental-using Top Gun Award winners by category:
Equipment:
The Top Gun award recognizes rental store operators who receive the PEG Pinnacle Award for Financial Excellence. The awards are given to the top 20 percent of rental stores based on financials submitted by rental operators and verified by Peer Executive Groups. This is the fifth year that PEG has named companies for the award.
- A to Z Equipment Rentals, North Carolina
- Action Rental, Pennsylvania
- Chet’s Rent-All, Michigan
- Goggin Rental, Michigan
- Mako Equipment, California
- ORE Rentals, Pennsylvania
- Rental Works, Maryland
- Tates Rents, Idaho
- Tejas Equipment Rentals, Texas
- Wood Street Rental, Wisconsin
Event:
Top Gun awards are given to the top 25 percent of event rental stores based on financials submitted by event operators and verified by Peer Executive Groups. This is the fifth year these awards have been named as well.
- Blood’s Catering and Rentals, Vermont
- Goff Tents & Events, Kentucky
- House of Rental, Illinois
- Idaho Tents & Events, Idaho
- Miller’s Party Rental Center, Ohio
- Mutton Party & Tent Rental, Indiana
- Special Occasions, Oregon
Homeowner Market:
These are rental operators who self-reported homeowners as at least 35% of their total volume. EBITDA achievement is more difficult in this sector due to increased costs for servicing smaller and shorter contracts.
- A to Z Equipment Rentals, North Carolina
- Best Rental, Colorado
- Bunce Rental, Washington
- General Rent-All, Ohio
- Grand Rental Station, New Jersey
- Taylor Rental of Greenville, Mississippi
Hybrid/Dealer:
These are companies whose rental sales amount to less than 70% of their total sales. Again, because their EBITDA is affected by their abnormal sales percentage vs. rental revenue, they are categorized differently and ranked in a separate list.
- A to Z Equipment Rentals & Sales, Arizona
- DJ’s Rentals & Sales, Oklahoma
- Far West Rents, California
- Nor-Val Rentals, British Columbia
Congratulations to everyone who earned a Top Gun Award this year!
About Peer Executive Groups
Peer Executive Groups administers peer groups in a variety of industries. In the rental industry, more than 225 participants learn from each other in 21 peer groups. Contact Peer Executive Groups at [email protected].