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New Deal


Announced

Completed

United Rentals acquired Neff Corporation for $1.3bn

Financials

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Transaction Value£1,007m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium19.4%
One Off Charge-

Tags

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equipment rental

Rental Services: Consumer

Public

Acquisition

Completed

Initially Hostile

Single Bidder

United States

Synopsis

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United Rentals Inc. and Neff Corporation, operating as Neff Rental announced that they have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1.3bn. The transaction is expected to be immediately accretive to cash EPS and free cash flow.

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