United Rentals expands pump presence 20 April 2021
United Rentals Inc has acquired Franklin Equipment LLC, a regional provider of equipment rentals, sales and related services, including pumps, in the US Midwest and Southeast.
Founded in 2008, Franklin Equipment now has 20 locations serving general contractors in Ohio, Indiana, Wisconsin, Kentucky, Tennessee, Alabama, Georgia and South Carolina. The business employs mre than 300 people.
Matthew Flannery, president and CEO of United Rentals, said: “This transaction expands our presence in key markets for our general rentals business, with an experienced team that shares our pride in delivering superior customer service.”
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United Rentals to Acquire General Finance Corporation
April 16, 2021 GMT
STAMFORD, Conn. & PASADENA, Calif. (BUSINESS WIRE) Apr 15, 2021
United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) and General Finance Corporation (NASDAQ: GFN) (“General Finance”) today announced their entry into a definitive agreement under which United Rentals will acquire General Finance for $19 per share in cash, representing a total enterprise value of approximately $996 million, including the assumption of $400 million of net debt. The transaction is expected to be accretive to EPS and free cash flow upon close.
General Finance Agrees to $1 Billion Buyout Offer from United Rentals Source:
Streetwise Reports (4/16/21) General Finance Corp. shares traded 56% higher after the company reported that it agreed to be acquired by United Rentals for $19 per share in cash in a deal valued at $996 million.
Specialty rental services company General Finance Corp. (GFN:NASDAQ), which provides mobile storage, liquid containment and portable modular space services, yesterday announced that it entered into a definitive agreement to be acquired by United Rentals Inc. (URI:NYSE) for $19 per share in cash. The firm stated that the price represents a total enterprise value of approximately $996 million with United Rentals assuming $400 million of General Finance s net debt.
Stamford-based United Rentals to make $1 billion acquisition middletownpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middletownpress.com Daily Mail and Mail on Sunday newspapers.
United Rentals Acquires Franklin Equipment Newest addition to United Rentals’ portfolio serves general contractors in Ohio, Indiana, Wisconsin, Kentucky, Tennessee, Alabama, Georgia and South Carolina. Author
United Rentals Inc. (NYSE: URI), Stamford, Connecticut, has acquired Franklin Equipment LLC, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast United States. Financial terms of the deal weren’t disclosed.
Founded in 2008, Franklin Equipment employs 300 people and operates 20 locations that serve general contractors in Ohio, Indiana, Wisconsin, Kentucky, Tennessee, Alabama, Georgia and South Carolina.
“This transaction expands our presence in key markets for our general rentals business, with an experienced team that shares our pride in delivering superior customer service,” said Matthew Flannery, president and CEO of United Rentals.