Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 28, 6:06 AM
This Slide: #75 of 100 |
Slide #75. United Rentals, Inc. — Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC
Acquirer:
United Rentals, Inc. (NYSE:URI)
Acquiree:
Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC
Details:
United Rentals, Inc. (NYSE:URI) ("United Rentals" or "the company") today announced that it has completed its previously announced acquisition of Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively, "Yak") from Platinum Equity for approximately $1.1 billion in cash. The transaction and related expenses were funded through a combination of newly issued senior unsecured notes and existing capacity under the company's ABL facility.
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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Preferred: GFNCP
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Hold (2.33 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: URI Stock Forecast Based on Zacks ABR data; powered by Xignite |