Hunter Street, a Minneapolis, MN-based alternative investment management firm, announced it has sold its All-Star Rents platform focused on the sale, rental and servicing of light equipment to HercRentals.

The initial acquisition in September 2020 of All-Star and launch of the equipment rental investment platform grew from a single-site operator to three locations in central and south Florida: Sarasota, Orlando and Naples.

Andrew Platt, Partner at Hunter Street, said, "We are incredibly proud of the growth at All-Star and were pleased to see the strong interest from the Herc team in adding All-Star's equipment rental locations to their platform. Over the course of our investment, All-Star took a strong foothold in two additional cities across Florida, positioning the platform for continued expansion and success moving forward."

"We believe it's an opportune time to sell the All-Star platform to the Herc team, who are committed to growing their business globally and providing All-Star continued support to evolve and expand their rental offerings and reach an even broader range of customers," said Neal Johnson, CEO and CIO at Hunter Street. "All-Star benefited from strong tailwinds related to the economic recovery, and the sale reflects strong performance and growth of the platform over the last two years, which ultimately benefits the company's customers and employees."