United Rentals completed the acquisition of BlueLine Rental from Platinum Equity for $2.1bn in cash.

United Rentals, an equipment rental company, completed the acquisition of BlueLine Rental, a construction equipment rental firm, from Platinum Equity, a global investment firm, for $2.1bn. “The acquisition of BlueLine meets all of our criteria for long-term, profitable growth at attractive returns. We’re executing our strategy of ‘growing the core’ in a strong demand environment to drive superior value for our customers and shareholders. Our company will be going to market with more talent, capacity and customer diversification than ever before,” Michael Kneeland, United Rentals CEO.