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Q&A: Microlease is Becoming Electro Rent

What Does this Mean to Me?

  1. Who is Electro Rent?
  2. When did Electro Rent acquire Microlease?
  3. How will this change benefit me?
  4. Will I have the same sales and support contacts?
  5. To whom do I issue Purchase Orders?
  6. To whom do I pay invoices?
  7. Will I still be able to access the website for Electro Rent - www.electrorent.com - and Microlease - www.microlease.com?
  8. Who do I contact if I have questions?
  9. Further information about the acquisition


1. Who is Electro Rent?

Electro Rent Corporation has over 50 years of experience in advising customers on their best acquisition approach, including rent, purchase and leasing options and combinations. Microlease and Electro Rent are combining to become the largest test services company in the world.

With $1.1 billion worth of inventory, immediate shipping to over 100 countries, and a team of experts to help you solve your toughest technical and financial challenges related to testing, Electro Rent offers its customers award-winning local support and rapid delivery.

2. When did Electro Rent acquire Microlease?

January 31, 2017.

3. How will this change benefit me?

  • Largest Inventory in the Industry – by far. Over $1 billion of rental, new, and refurbished equipment in stock and ready for quick delivery – including industry-leading names such as Keysight, Tektronix, Keithley, Rohde & Schwarz, Anritsu…and more than 200 additional quality brands.
  • Highly Technical Team of Experts. Engineers, finance, and asset management specialists available to help you solve your toughest technical and financial challenges related to testing.
  • Extensive Financing Options. A variety of procurement options including New Purchase, Refurbished Purchase, Rental, Lease, and additional flexible financing options to help you stretch your budget.
  • World-Class Asset Management. Comprehensive test management services and tools to help you get the utmost value from your test-related investments, including both people and equipment.

4. Will I have the same sales and support contacts?

We are pleased to offer additional technical support overall. If you are unsure who to contact, please contact sales@electrorent.com and one of our sales engineers will get back to you shortly.

5. To whom do I issue Purchase Orders?

Please issue purchase orders to the contact information and company named on the received quote(s). If quote is received from Electro Rent please issue to Electro Rent, and if quote is received from Microlease please issue to Microlease.

 Purchase Orders to Microlease in the U.S. / Canada
 To: Metric Equipment Sales, Inc. DBA Microlease

  • Federal Tax ID: 94-3166569
  • DUNS Number: 79-8253068
  • CCR Cage Code: 1CMU9
  • NAICS Code: 423610, 423690, 423830, 532490
  • Postal Address: 25841 Industrial Blvd., Suite 200, Hayward, CA 94545
  • Banking/Routing Information: 
    • HSBC 601 Montgomery Street, Suite 1500, San Francisco, CA 94111
    • Account Name: Metric Equipment Sales, Inc.
    • Account Number: 267115466
    • Routing: 122240861
    • Swift Code: MRMDUS33
    • Remittance Email: ar.na@microlease.com 
 Purchase Orders to Electro Rent in the U.S.
 To: Electro Rent Corporation

  • Federal Tax ID: 95-2412961
  • DUNS Number: 05-399-9009
  • CCR Cage Code: 1K4J0
  • NAICS Code: 532490
  • US Postal Address: 6060 Sepulveda Blvd, Van Nuys, CA 91411
  • US Banking/Routing Information:
    • JPMorgan Chase Bank, N.A., 270 Parkway Avenue, New York, NY 10003 
    • Account Name: Electro Rent Corporation
    • Account Number: 532389520
    • ACH / EFT: 322271627
    • Wire Transfer: 021000021
    • Swift Code: CHASUS33
    • Remittance Email: AR@electrorent.com
 Purchase Orders to Electro Rent in Canada (CAD)
 To: Electro Rent LLC

  • Federal Tax ID: 95-2412961
  • DUNS Number: 05-399-9009
  • CCR Cage Code: 1K4J0
  • NAICS Code: 532490
  • Postal Address: 210 Brunel Road, Units 1 & 2, Mississauga, Ontario L4Z 1T5
  • Canada Banking/Routing Information:
    • JPMorgan Chase Bank, N.A., Toronto Branch, 200 Bay Street, South Tower Suite 1800, Toronto, Ontario M5J 2J2 CANADA
    • Remittance Email: AR@electrorent.com
    • Credit to Beneficiary 
      • Beneficiary Name: Electro Rent LLC
      • Account Number: 4000010904
      • Routing Number: 021000012
      • Transit Number: 00012
      • Bank Number: 270
      • Swift Code: CHASCATTCTS
    • Intermediary Bank
      • Bank Name: Royal Bank of Canada Toronto
      • Swift Code: ROYCCAT2 
 Purchase Orders to Electro Rent in Canada (USD)
 To: Electro Rent LLC

  • Federal Tax ID: 95-2412961
  • DUNS Number: 05-399-9009
  • CCR Cage Code: 1K4J0
  • NAICS Code: 532490
  • Postal Address: 210 Brunel Road, Units 1 & 2, Mississauga, Ontario L4Z 1T5
  • Canada Banking/Routing Information:
    • JPMorgan Chase Bank, N.A., Toronto Branch, 200 Bay Street, South Tower Suite 1800, Toronto, Ontario M5J 2J2 CANADA
    • Remittance Email: AR@electrorent.com
    • Credit to Beneficiary 
      • Beneficiary Name: Electro Rent LLC
      • Account Number: 4000010888
      • Routing Number: 021000021
      • Transit Number: 00012
      • Bank Number: 270
      • Swift Code: CHASCATTCTS
    • Intermediary Bank
      • Bank Name: JPMorgan Chase Bank, N.A.
      • Routing Number: 021000021
      • Swift Code: CHASUS33

6. To whom do I pay invoices?

Please remit any outstanding payments to the contact information on the received invoice(s). If invoice is received from Electro Rent please issue to Electro Rent, and if invoice is received from Microlease please issue to Microlease.

Payment details can be found on your invoices. Feel free to contact our Accounts Receivable department at ar@electrorent.com if you have any questions.

7. Will I still be able to access the website for Electro Rent – www.electrorent.com – and Microlease – www.microlease.com?

Yes, both sites will still be live through this transition period, so feel to check them out at any time. Please visit www.electrorent.com or www.microlease.com to search for equipment, learn about our equipment services, and submit inquiries.

8. Who do I contact if I have questions?

Please contact us at (800) 553-2255 or sales@electrorent.com

9. Further information about the acquisition

Electro Rent Corporation announced the completion of the acquisition of Microlease from Lloyds Development Capital on February 3, 2017.

Electro Rent is a portfolio company of Platinum Equity, which acquired the business in August 2016. Microlease CEO Nigel Brown said the transaction creates a premier platform with a global footprint.

“This is exciting news for our customers, our employees and all of our partners. Both companies are leaders in testing and measurement equipment rental, sales, and asset management services,” said Mr. Brown. “We will better serve our markets through an expanded equipment fleet and broader geographical coverage, ensuring better availability levels and a higher level of technical service.”

Mr. Brown said he expects a seamless transition. The North American operation will remain headquartered in Van Nuys, California and EMEA operations will be headquartered in London, United Kingdom.

About Electro Rent
Electro Rent Corporation (www.electrorent.com) is one of the largest global organizations devoted to the rental, leasing and sales of general purpose electronic test equipment, personal computers and servers. It has over 50 years of experience in advising customers on their best acquisition approach, including rent, purchase and leasing options and combinations. The company is headquartered in Van Nuys, California, USA.

About Microlease
Microlease (www.microlease.com) is a leading equipment services and distribution provider to the test and measurement industry across Europe, Asia, and the US. It helps clients deploy equipment when and where needed in the most cost-effective manner via services including rental, leasing, and asset management. The company was founded in 1979, and is headquartered in London, United Kingdom.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with a portfolio of approximately 30 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations — a trademarked strategy it calls M&A&O® — acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics. Over the past 20 years, Platinum Equity has completed more than 185 acquisitions.