UPDATE: As of July, Event Top Gun Award winners have been announced.
At the end of May, Peer Executive Groups announced this year’s Top Gun award winners. Forty-eight companies made this year’s lists, including 23 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:
Event:
While PEG’s event and tent rental businesses average EBITDA is 9.5%, with a median of 9% – a significant drop-off due to labor cost increases, Top Gun winners average 26%, with a median of 23%.
- Blood’s Catering, Vermont
- House of Rental, Illinois
- Idaho Tents, Idaho
- Magnolia Rental & Sales, Mississippi
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 sixth year that PEG has named companies for the award.
- A to Z Equipment Rentals, North Carolina
- A-1 Rentals, Idaho
- Aaberg’s Tool and Equipment Rental, Washington
- Badger Rental Services, Georgia
- Chet’s Rent-All, Michigan
- Goggin Rental, Michigan
- Mako Equipment, California
- Redtail Rentals, Texas
- Tates Rents, Idaho
- Tejas Equipment Rentals, Texas
- Time Rental, Montana
- Wood Street Rental, Wisconsin
Homeowner:
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-1 Rentals, Idaho
- Best Rental, Colorado
- Bunce Rental, Washington
- London Road Rental, Minnesota
- Tates Rents, Idaho
- 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.
- All-Star Equipment, Florida
- Rental Guys, California
- Apex Rentals, California
- Taylor Rental of Greenville, Mississippi
Congratulations to everyone who earned a Top Gun Award this year; y’all’s collaboration and continued success is inspirational!
About Peer Executive Groups
Peer Executive Groups administers peer groups in a variety of industries. Within the rental industry, more than 255 participants learn from each other in 25 peer groups. Contact Peer Executive Groups at [email protected].