Announced
Completed
Financials
Tags
Majority
Domestic
Public
Friendly
mobile storage
United States
Acquisition
modular office space
Single Bidder
Real Estate Holding and Development
Completed
Synopsis
United Rentals, the world's largest equipment rental company, completed the acquisition of General Finance, a provider of mobile storage and modular office space, for an enterprise value of c.$996m, including the assumption of $400m of net debt. “Our acquisition of General Finance will be a significant opportunity for us to further differentiate our value in the eyes of our customers, while providing attractive, long-term returns for our shareholders. We see strong growth potential from this combination, including our ability cross-sell mobile storage and office solutions to our customers. Our expansion into this space comfortably checks all three boxes of our M&A criteria - strategic rationale, financial impact and cultural fit,” Matthew Flannery, United Rentals President and CEO.
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