Avance-backed Synergy Equipment completed the merger with Opifex Enterprises.

Avance-backed Synergy Equipment, a Southeastern construction equipment rental business, completed the merger with Opifex Enterprises, a Texas equipment rental company. Financial terms were not disclosed. "We have been very impressed with the rapid growth, high asset utilization, and strong profitability that Opifex has produced over the last several years, and we look forward to working with Jay and his team to expand Opifex's footprint throughout the 'Texas Triangle' and beyond. We are excited to combine the resources and best practices of the two businesses to create one of the leading market participants in Florida, Texas, and other high-growth equipment rental markets in the South," JC Mas, Synergy CEO.