Construction M&A » By The Online Investor Staff, updated Fri., Feb. 3, 12:46 PM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #23. United Rentals — National Pump
Acquirer:
United Rentals (NYSE:URI)
Acquiree:
National Pump
Details:
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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Avg. Broker Rec.
 
|
Buy (2.62 out of 4) 8th percentile
(ranked lower than approx. 92% of all stocks covered)
Analysts' Target Price: URI Stock Forecast Based on Zacks ABR data; powered by Xignite |
