United Rentals completes acquisition of Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC to expand its offerings in the North American matting industry
Acquiring Company
United Rentals
Acquired Company
YAK
Description
United Rentals, Inc. has completed the previously announced acquisition of Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC from Platinum Equity for approximately $1.1 billion in cash. This acquisition is strategically important as it adds a leading North American matting solutions provider to the United Rentals family, further enhancing its one-stop-shop value proposition to customers and augmenting its growth capacity.
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Frequently asked
Who acquired YAK?
YAK was acquired by United Rentals, based in Stamford. The deal was reported on March 15, 2024. United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,449 rental locations in North America, 13 in Europe, 27 in Australia and 19 in New Zealand. United Rentals is publicly traded (URI) and operates in Real Estate.
When did United Rentals acquire YAK?
United Rentals's acquisition of YAK was reported on March 15, 2024. United Rentals, Inc. has completed the previously announced acquisition of Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC from Platinum Equity for approximately $1.1 billion in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does YAK do?
Yak is a leader in the North American matting industry with a fleet of approximately 600,000 hardwood, softwood, and composite mats providing surface protection across both construction and maintenance, repair and operations applications. It is privately held, operating in Construction, and is based in Columbia.
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