The 2020 Mid-Year Economic Update_long

United Rentals Completes BlueLine Acquisition

Rental equipment company purchases BlueLine from Platinum Equity for $2.1 billion.

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.

 

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com