United Rentals completed the acquisition of Yak from Platinum Equity for $1.1bn.

United Rentals, an equipment rental company, completed the acquisition of Yak, a matting provider of ground protection and temporary roadway solutions in the United States, from Platinum Equity, a private equity firm, for $1.1bn. “Today we are very excited to welcome Yak to the United Rentals family. This is an acquisition with both strong strategic and financial merits. Not only does it augment our growth capacity with the addition of a leading North American matting solutions provider but it also further differentiates our one-stop-shop value proposition to customers. Combined, this has proven to be a winning strategy for building long-term value for our investors,” Matthew Flannery, United Rentals CEO.