M&A Deal Summary

United Rentals Acquires BakerCorp

On July 2, 2018, United Rentals acquired retailer BakerCorp from Permira for 715M USD

Acquisition Highlights
  • This is United Rentals’ 13th transaction in the Retail sector.
  • This is United Rentals’ 11th largest (disclosed) transaction.
  • This is United Rentals’ 17th transaction in the United States.
  • This is United Rentals’ 1st transaction in California.

M&A Deal Summary
Date 2018-07-02
Target BakerCorp
Sector Retail
Buyer(s) United Rentals
Sellers(s) Permira
Deal Type Add-on Acquisition
Deal Value 715M USD

Target

BakerCorp

Seal Beach, California, United States
BakerCorp, Inc. is a provider of liquid containment rental equipment and services in the United States. BakerCorp maintains an equipment portfolio of over 15,000 pieces of rental equipment including steel tanks, polyethylene tanks, intermodal and roll-off container/boxes, pumps, pipes, hose and fittings, tank trailers, berms and filtration products. BakerCorp was founded in 1942 and is based in Seal Beach, California.

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Buyer(S) 1

Buyer

United Rentals

Stamford, Connecticut, United States
Category Company
Founded 1997
Sector Business Services
Employees26,650
Revenue 14.3B USD (2023)
DESCRIPTION
United Rentals location in Hermantown, Minnesota.
United Rentals location in Hermantown, Minnesota.

United Rentals is an equipment rental company, with an integrated network of rental locations in the US and Canada. The company serves construction and industrial customers, utilities, municipalities, homeowners and others. United Rentals was founded in 1997 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 19 of 27
Sector (Retail) 13 of 14
Type (Add-on Acquisition) 18 of 24
State (California) 1 of 2
Country (United States) 17 of 23
Year (2018) 2 of 4
Size (of disclosed) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 Service Radio Rentals

Gonzales, Louisiana, United States

Service Radio Rentals, Inc. is the premier company specializing in two-way communication for the industrial maintenance and construction industry. Service Radio Rentals' sole purpose is to provide intrinsically safe two-way radios to the petro-chem, power, and pulp & paper industries. To supplement this vital function, we help to coordinate communications between business owners and service contractors. We provide on-site service along with same-day or overnight shipping to customers anywhere in the continental United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 BlueLine Rental

Shippensburg, Pennsylvania, United States

BlueLine Rental LLC is a provider of rental equipment services in North America, offering comprehensive lines of earthmoving, aerial and other construction equipment to service its customer base across multiple end markets, including the industrial, energy, infrastructure, nonresidential and residential construction, and non-construction markets.

Buy $2.1B

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 67 of 90
Sector (Retail) 6 of 7
Type (Add-on Acquisition) 26 of 30
State (California) 2 of 3
Country (United States) 10 of 19
Year (2018) 3 of 4
Size (of disclosed) 30 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 Metalogix Software

Washington, District of Columbia, United States

Metalogix Software Corp. is a provider of content infrastructure management software to transform collaboration platforms, increase knowledge sharing, and improve the use and performance of enterprise content management platforms. Metalogix Software Corp. was founded in 2001 and is based in Washington, District of Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 WeddingWire

Bethesda, Maryland, United States

WeddingWire is a global online marketplace, connecting consumers with local wedding professionals and a suite of comprehensive tools that make wedding planning easier. Operating within a $200 billion industry, WeddingWire helps 13 million couples every month find the right team of wedding professionals to personalize and pull off their special day. Consumers around the world are able to read more Permira VI G.P. Limited than 4 million vendor reviews and search, compare and book from a directory of over 400,000 vendors. Founded in 2007, the WeddingWire portfolio serves couples and wedding professionals across 15 countries in North America, Latin America, Europe and Asia. The company has more than 950 employees and is headquartered in Chevy Chase, Maryland, just outside of Washington, D.C., with international headquarters in Barcelona, Spain.

Sell -
Mergr

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