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.
Sullivan & Cromwell LLP acted as United Rentals’ legal adviser in the transaction. Lape Mansfield Nakasian & Gibson, LLC acted as Franklin Equipment’s legal adviser.