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United Rentals Completes Acquisition Of Ahern Rentals

PUBLIC · URIDec 07, 2022

Acquiring Company

United Rentals

Acquired Company

Ahern Rentals

StamfordReal EstateConstruction

Description

United Rentals, Inc. (NYSE: URI) today announced that it has completed its previously announced acquisition of the assets of Ahern Rentals, Inc. for approximately $2.0 billion in cash. The transaction and related expenses were funded through a combination of newly issued senior secured notes and existing capacity under the company’s ABL facility.

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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 Ahern Rentals?

Ahern Rentals was acquired by United Rentals, based in Stamford. The deal was reported on December 7, 2022. 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 Ahern Rentals?

United Rentals's acquisition of Ahern Rentals was reported on December 7, 2022. United Rentals, Inc. (NYSE: URI) today announced that it has completed its previously announced acquisition of the assets of Ahern Rentals, Inc. for approximately $2.0 billion in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ahern Rentals do?

Ahern Rentals is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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