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BlueLine Rental takes first steps toward launching IPO

BlueLine Rental announced today that its parent company, Vander Holding Corporation, has submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission relating to the proposed initial public offering of the company’s common stock.

The offering, by the company based in the Woodlands, Texas, area, is expected to commence when market conditions allow, subject to, among other things, completion of the SEC review process.

The number of shares to be offered and the price range for the proposed offering have not yet been determined.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities, according to a press release from the company.

BlueLine was previously known as Volvo Rents, a wholly owned subsidiary of the Volvo Group, a publicly held company headquartered in Gothenburg, Sweden. Volvo Rents had more than 185 locations in North America.

In February 2014, Volvo Rents was sold to Platinum Equity and became BlueLine Rental. In January 2016, Asterios Satrazemis was appointed CEO of BlueLine Rental.

 



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