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United Rentals, Inc. (NYSE: URI), Stamford, CT, has completed the previously announced acquisition of BlueLine from Platinum Equity for $2.1 billion in cash. The company said it 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, United Rentals also said.