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<h2>Company divests ancillary division focused on power and infrastructure markets</h2>
LOS ANGELES (February 19, 2025) – Platinum Equity portfolio company Electro Rent today announced the signing of a definitive agreement to sell its intellirent division to Sandbrook Capital.&nbsp;
intellirent provides electrical test and measurement (“T&amp;M”) equipment primarily serving the power generation and distribution, data center and renewable energy industries.&nbsp;
Electro Rent, which has owned intellirent since 2018, expressed confidence in the company’s continued growth under new ownership.&nbsp;
“The intellirent segment has grown significantly under our ownership and established itself as a leader in the power and electrical testing equipment rental market across a range of testing environments and industries,” said Mike Clark, Chief Executive Officer at Electro Rent.&nbsp;
Clark said he expects a seamless transition.&nbsp;
“The business is a non-core North American division that mostly operates independently and primarily serves different customers and end users than Electro Rent’s other business segments,” explained Clark. “It’s well-built to operate as a standalone enterprise led by a dedicated management team under the leadership of Neil McCaw.”&nbsp;
The transaction is expected to close in the first quarter of 2025.&nbsp;
“We believe this sale allows us to unlock the value of intellirent while Electro Rent focuses on further growth and investment in its core business,” said Platinum Equity Co-President Louis Samson and Platinum Equity Managing Director David Glatt in a joint statement. “We will continue working with Mike and the management team to maximize the company’s potential.”&nbsp;
Harris Williams served as financial advisor to Electro Rent and Platinum Equity on the sale of intellirent. Latham &amp; Watkins LLP is serving as legal advisor to Electro Rent and Platinum Equity on the divestiture.

Platinum Equity portfolio company Electro Rent today announced the signing of a definitive agreement to sell its intellirent division to Sandbrook Capital.&nbsp;

Electro Rent Sells intellirent

<h3>Alan Mayer joins test equipment services leader Electro Rent, leveraging a best-in-class go-to-market strategy and customer success background to drive growth.&nbsp;</h3>
 
4th December 2024, West Hills, California&nbsp;– Leading global electronic test and measurement equipment specialist Electro Rent has appointed Alan Mayer as its Chief Revenue Officer (CRO) to spearhead the company’s growth plans. Alan joins Electro Rent with extensive global customer experience across multiple segments and verticals in technology companies, from startups to the Global 500, in both corporate and public sectors.
 
Alan brings 22 years of experience at Dell, where he led sales, services, and customer success teams to champion the evolving needs of customers across the business. He also led the worldwide channel strategy for services and the execution of critical products and programs for channel, distribution, and retail to better serve partners and customers. A graduate of Arizona State University, Alan joins Electro Rent from cyber advisory and solutions leader Optiv, where he was Senior Vice President, Partners, Alliances and Solutions.
 
“Alan’s expertise will be key to ensuring our growth and demonstrating the value of Electro Rent’s services to leading organizations using test and technology equipment,” said Mike Clark, Electro Rent CEO. “These organizations can benefit from the burgeoning rental model, greatly reducing their capital investment needs and driving efficiencies. Alan will ensure that we are positioned to deliver maximum customer value as the go-to global provider of electronic test equipment and technology rental services.” &nbsp;&nbsp;
 
“I am thrilled to pair my expertise in enabling growth at leading technology companies with Electro Rent’s unique market proposition as the smart solution for test and technology equipment use,” added Alan. “The customer value of Electro Rent’s proposition is immense and poised for much greater adoption. I am delighted to help Electro Rent serve these customers.”
&nbsp;&nbsp;
For more information, visit <a href="http://www.electrorent.com">www.electrorent.com</a>
 
 
About Electro Rent
Electro Rent is a leading global provider of testing and technology solutions that enable its customers to accelerate innovation and optimize investments. Electro Rent offers a single-source solution, including rental, financial solutions, sale of new and used equipment, calibration and asset optimization, serving industry-leading organizations in communications, aerospace and defence, automotive, energy, education and general electronics. The company was founded in 1965. More information is available at <a href="http://www.electrorent.com.">www.electrorent.com.</a> 
 
Electro Rent is a registered trademark of Electro Rent. All other trade names referenced are the service marks, trademarks, or registered trademarks of their&nbsp;respective companies.

Alan Mayer joins test equipment services leader Electro Rent, leveraging a best-in-class go-to-market strategy and customer success background to drive growth.&nbsp;

Electro Rent Appoints New Chief Revenue Officer

West Hills, California. May 10, 2023 – Electro Rent, the global leading provider of test and measurement equipment rental services, today announced a multi-year agreement with L3Harris Technologies [NYSE:LHX]. The agreement specifies Electro Rent as L3Harris' Tier 1 supplier for test and measurement rental requirements.&nbsp;As a result, Electro Rent is now L3Harris’ preferred provider for these solutions and services.
"We are honored to be selected as L3Harris' preferred companywide test and measurement rental partner,” said Mike Clark, Electro Rent’s Chief Executive Officer. “This further builds on the decades long relationships we have enjoyed with both L3 and Harris and broadens our supplier position and partnership with the combined companies. We provide highly differentiated, value-add solutions and capabilities that L3Harris greatly appreciates, as does our extensive global customer base, which enables us to fully support any and all L3Harris test and measurement requirements. &nbsp;Being the leading test and measurement rental solutions provider in both North America and around the globe allows us to offer an unparalleled selection of inventory and first-class rental solutions, services, and support to our customers."
 
About Electro Rent
Electro Rent is a global leader in test and technology solutions that enable customers to accelerate innovation and optimize investments. Electro Rent’s rental, leasing, sales, and asset management solutions serve leading innovators in communications, aerospace and defense, automotive, energy, education, and general electronics, and have been doing so since 1965.

Electro Rent, the global leading provider of test and measurement equipment rental services, today announced a multi-year agreement with L3Harris Technologies. The agreement specifies Electro Rent as L3Harris' Tier 1 supplier for test and measurement rental requirements.&nbsp;As a result, Electro Rent is now L3Harris’ preferred provider for these solutions and services.

Electro Rent Selected As L3Harris' Test and Measurement Rental Partner

Penang, Malaysia, Mac 1, 2021 --&nbsp;Electro Rent, a leading global provider of test and measurement equipment solutions and services, announced the appointment of Michael Clark as the company’s Global Chief Executive Officer. He succeeds Nigel Brown, who will continue to advise the company as a consultant.
Mr. Clark has 33 years of technology industry experience and has been serving as the Americas CEO for Electro Rent since early 2017. Prior to that, he was the CEO of Microlease Americas, which was acquired by Electro Rent in 2017. Previously, Mr. Clark was the Executive General Manager of Airvana.
“Mike is a seasoned leader with a long, successful track record in test and measurement and deep experience in broader technology markets,” said Louis Samson, Partner at Platinum Equity, which acquired Electro Rent in 2016. “His expertise and his dedication to Electro Rent, its team members, business partners and customers across key technology sectors aligns with our long-term aspirations for the company.”&nbsp;
Electro Rent also named Jonathan Watson as the company’s Chief Financial Officer. Mr. Watson has been with Electro Rent since 2017 serving in various roles, including most recently as Senior Vice President of Finance and previously as the Interim Chief Financial Officer.
In the Asia-Pacific region, Electro Rent also just announced two new appointments a few days ago, appointing Mr. Paul Pang as the Senior Vice President of Sales and Marketing for APAC, and appointing Mr. Jim Chen as the General Manager for the Greater China. Under the leadership of the new senior executives, Electro Rent Asia will continue to grow and thrive in this region and further increase the support for customers.
About Electro Rent 
Electro Rent is a leading global provider of test and technology solutions that enable its customers to accelerate innovation and optimize investments. Electro Rent’s rental, lease, sales and asset management solutions serve industry-leading innovators in communications, aerospace and defense, automotive, energy, education, and general electronics, and have done so since 1965.&nbsp;
About Platinum Equity 
Founded in 1995 by&nbsp;<a href="https://www.globenewswire.com/Tracker?data=Iet0XlIU4VnB-8HISAOxSE1yJL2YjkMFc7YY9M3fxJiUrtbd5hyYI8OLLcQXJ472hOA9WXxRWevaSz0X89ufgZPnytV-Ll_ZQIdOwPnQLgmn_owufh2RRjpuFr7a5FAT" title="Tom Gores">Tom Gores</a>, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from&nbsp;<a href="https://www.globenewswire.com/Tracker?data=w_rcs_1Ml9Y_3RwX0EA6qGu3eCEswuAaDfxcGVgUjF-AfBokjl5IWxJJ7ajfjdI7hrQSa63VRq_pf84kHbWxWnrXymT1pk_D8SypaK15cMlZkhNNjyqrTS4AZxrmXdwQK1H2iMGNIX3tWa_JScddAOwAFsQ3-SB7BOZLUQ6FxOApw9wHoHHOiHgLqxHUSvUHkQrd_oAoyhfJ1vHjJNVu4w==" title="Platinum Equity Capital Partners V">Platinum Equity Capital Partners V</a>, a $10 billion global buyout fund, and&nbsp;<a href="https://www.globenewswire.com/Tracker?data=w_rcs_1Ml9Y_3RwX0EA6qNHiVAB0Y-PRsqzgn0ZQ4i4DtjM878K7jVkK60xcUZEVl--78IgztrznbpUQ6geMIfvtAFQbQYvCntoUNyUGcdskV2IIvPzJxf1odPQNwYI4" title="Platinum Equity Small Cap Fund">Platinum Equity Small Cap Fund</a>, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&amp;A&amp;O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.

Read about the latest executive changes at Electro Rent

Electro Rent announces Mike Clark as Global CEO, Jonathan Watson as CFO, and new leadership for ER Asia

Partnership Agreement establishes Electro Rent as&nbsp;a key partner and&nbsp;the preferred supplier for rental in Europe&nbsp;
&nbsp;
We are very pleased to announce that we have&nbsp;been named Rohde &amp; Schwarz’s preferred partner for rental solutions across Europe&nbsp;signalling&nbsp;the start of a much&nbsp;closer collaboration between&nbsp;us.&nbsp;
The new agreement brings together&nbsp;Rohde &amp; Schwarz’s&nbsp;highly respected technical expertise and our global leadership in providing tailored financial solutions&nbsp;to&nbsp;offer&nbsp;fast, flexible access to the latest, electronic test equipment. Working&nbsp;closely with us, Rohde &amp; Schwarz will be able to support customers in removing the financial barriers to effective test and measurement that might hinder innovation.&nbsp;&nbsp;
Rohde &amp; Schwarz customers will also have access to the expert advice&nbsp;from us&nbsp;to support them in making the right rental decision for their requirements and, as the partnership progresses, introducing a range of financial solutions.&nbsp;&nbsp;
Peter Collingwood, CEO Electro Rent Europe, said: “Organisations&nbsp;throughout Europe are navigating a challenging economic time. By partnering with Rohde and Schwarz we&nbsp;are able to&nbsp;combine their technical innovation with our expertise and experience in providing alternative, OPEX driven financial solutions to access vital test equipment.&nbsp;Particularly&nbsp;in&nbsp;the current environment where capital can be tight,&nbsp;it is important&nbsp;to offer&nbsp;our customers a variety of&nbsp;financial&nbsp;options to access the&nbsp;industry leading&nbsp;equipment&nbsp;they need to&nbsp;fuel innovation.&nbsp;&nbsp;
“Through increased investment in Rohde and Schwarz inventory and close collaboration of our teams throughout Europe, we are in a fantastic position to continue to support our customers as they plan and execute their future test and measurement requirements.&nbsp;Our focus is on providing tailored solutions to give our customers the operational agility to respond to whatever challenges lie ahead.”&nbsp;
Patricio Duenas, General Manager Sales Germany at Rohde &amp; Schwarz, said: “The partnership with Electro Rent gives Rohde &amp; Schwarz customers the flexibility they need to secure the right high-end test solutions in a CAPEX conscious environment.&nbsp; With their well-established and effective setup for supplying and financing rental equipment across Europe, Electro Rent is an ideal partner to deliver our industry-leading T&amp;M equipment.”&nbsp;
The partnership&nbsp;further enhances our&nbsp;ability&nbsp;to&nbsp;offer access to the latest&nbsp;Rohde &amp; Schwarz equipment,&nbsp;while&nbsp;drawing on their technical expertise for support whenever it is needed.&nbsp;It&nbsp;allows us to&nbsp;offer unrivalled access&nbsp;to&nbsp;the FSW signal and <a href="https://www.electrorent.com/uk/search?Filter=Summary%252FWebSegment%252FWebSegmentName-eq-RF%2520%2526%2520Microwave%2520Spectrum%2520Analyzers-and-Summary%252FManufacturerNameByRegion-eq-Rohde%2520%2526%2520Schwarz">spectrum&nbsp;analyzer&nbsp;range</a>, <a href="https://www.electrorent.com/uk/search?Filter=Summary%252FWebSegment%252FWebSegmentName-eq-RF%2520%2526%2520Microwave%2520Network%2520Analyzers-and-Summary%252FManufacturerNameByRegion-eq-Rohde%2520%2526%2520Schwarz">ZNA vector network&nbsp;analyser&nbsp;range</a>&nbsp;and&nbsp;<a href="https://www.electrorent.com/uk/search?Filter=Summary%252FWebSegment%252FWebSegmentName-eq-RF%2520%2526%2520Microwave%2520Signal%2520Generators-and-Summary%252FManufacturerNameByRegion-eq-Rohde%2520%2526%2520Schwarz">SMW signal generator range</a>.&nbsp;This gives engineers the tools they need for the most demanding test and measurement tasks&nbsp;so they can continue to&nbsp;drive technology forward.&nbsp;&nbsp;
These high-performance instruments&nbsp;will help our customers in a wide variety of cutting-edge technology areas including 5G,&nbsp;satellite and radar, and advanced automotive development.&nbsp;By providing the right solutions for our customers&nbsp;to access the equipment they need, we free engineers to do what they do best – innovate.&nbsp;
View the full range of Rohde &amp; Schwarz equipment we have available <a href="https://www.electrorent.com/uk/search?Filter=Summary%252FManufacturerNameByRegion-eq-Rohde%2520%2526%2520Schwarz">here</a>.&nbsp;

We are very pleased to announce that we have&nbsp;been named Rohde &amp; Schwarz’s preferred partner for rental solutions across Europe&nbsp;signalling&nbsp;the start of a much&nbsp;closer collaboration between&nbsp;us.&nbsp;

Electro Rent and Rohde & Schwarz Announce New Partnership

Learn about the latest news and updates from Electro Rent. From acquisitions &amp; mergers and industry news to investments in new technology and services that broaden Electro Rent’s offerings to the test and measurement community. For media inquiries, contact press@electronet.com

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