Two years into business, Nor-Cal Pipeline Services of West Sacramento, California, got hired as a subcontractor on massive multimillion-dollar project that required a significant investment in new equipment.
To ease the financial burden of investing in so many expensive vac trucks in a relatively short period of time, Nor-Cal relied on rental-purchase options, or RPOs.“Renting so many of the trucks helped us get on our feet quickly and build up some equity in the vehicles,” says Dave Jaeger Jr., who owns the company along with his father.That strategy also helped the company avoid a costly situation: too many idle pieces of equipment
