United Rentals (URI) Updates Guidance to Reflect the Combination with BlueLine
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United Rentals Completes Acquisition of BlueLine and Updates Guidance to Reflect the Combination
October 31, 2018 9:15 AM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced that it has completed its previously announced acquisition of BlueLine from Platinum Equity for a total purchase price of approximately $2.1 billion in cash.1 The company used a combination of newly issued debt and bank borrowings to fund the transaction and related expenses.
The acquisition expands United Rentals equipment rental capacity in many of the largest metropolitan areas in North America, including both U.S. coasts, the Gulf South and Ontario. The company gains a well-diversified customer base with a balanced mix of... More
