United Rentals, Inc., Greenwich, CT, has acquired Portland U-Rent-It, Inc., a privately held industrial-oriented rental company, with sales of $11 million, Corpus Christi, TX.
Michael Kneeland, CEO of United Rentals, said: The acquisition of U-RENT-IT is consistent with our strategic focus on the industrial marketplace. We are actively pursuing growth in industrial rentals, where our depth of resources and branch footprint can give us a competitive advantage. Moreover, industrial rentals are subject to different cyclical pressures than the construction market, where we are seeing demand continue to soften as spending is curtailed.”
U-Rent-It has benefited from rapid growth in the past year stemming from increased demand from energy-related customers, such as …
United Rentals Acquires Portland U-Rent-It
United Rentals, Inc., Greenwich, CT, has acquired Portland U-Rent-It, Inc., a privately held industrial-oriented rental company, with sales of $11 million, Corpus Christi, TX.
Michael Kneeland, CEO of United Rentals, said: The acquisition of U-RENT-IT is consistent with our strategic focus on the industrial marketplace. We are actively pursuing growth in industrial rentals, where our depth of resources and branch footprint can give us a competitive advantage. Moreover, industrial rentals are subject to different cyclical pressures than the construction market, where we are seeing demand continue to soften as spending is curtailed.”
U-Rent-It has benefited from rapid growth in the past year stemming from increased demand from energy-related customers, such as …
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- Filed In: Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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