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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

PUBLIC · URIMar 15, 2024

Acquiring Company

United Rentals

Acquired Company

YAK

StamfordColumbiaReal EstateConstructionConstruction

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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Company Information

Company

United Rentals

Location

Stamford, Connecticut, United States

About

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. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 24,700 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 4,700 classes of equipment for rent with a total original cost of $19.3 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

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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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