Rental Equipment Register reported that Sunbelt Rentals has acquired Southern California aerial rental business Pacific High Reach & Equipment Services, acquiring substantially all its assets under Section 363 of the bankruptcy code for about $17.4 million.

The article noted that Sunbelt Rentals was selected as the highest and best bidder after a comprehensive sale process, according to documents filed with the bankruptcy court.

As the monitordaily reported in August, Pacific High Reach retained FocalPoint Partners as its investment banker to help explore strategic alternatives.

To read the full Rental Equipment Register article click here.

Previously on monitordaily: Pacific High Reach Seeks Strategic Alternatives, published August 18, 2011