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Slide #23. United Rentals — National Pump
United Rentals (NYSE:URI)
United Rentals, Inc. (NYSE:URI) announced today that it has entered into a definitive asset purchase agreement to acquire National Pump, the second largest specialty pump rental company in North America.* Under the terms of the agreement, United Rentals will also acquire GulfCo, a two branch general rental business also based in Texas. The combined purchase price for the assets is approximately $780 million. The Board of Directors of United Rentals and the partners of National Pump unanimously approved the proposed transaction.
United Rentals is a holding company. Through its subsidiaries, Co. is an equipment rental company that operates throughout the U.S. and Canada. Co.'s general rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities for construction and industrial companies, manufacturers, utilities, municipalities and homeowners. The specialty segment includes the rental of specialty construction products such as trench safety equipment, power and heating, ventilating and air conditioning equipment, fluid solutions equipment, and mobile storage equipment and modular office space.
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