M&A Deal Summary

United Rentals Acquires Neff

On August 16, 2017, United Rentals acquired retailer Neff for 1.3B USD

Acquisition Highlights
  • This is United Rentals’ 12th transaction in the Retail sector.
  • This is United Rentals’ 6th largest (disclosed) transaction.
  • This is United Rentals’ 15th transaction in the United States.
  • This is United Rentals’ 2nd transaction in Florida.

M&A Deal Summary
Date 2017-08-16
Target Neff
Sector Retail
Buyer(s) United Rentals
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Akin Gump Strauss Hauer & Feld (Legal)

Target

Neff

Miami, Florida, United States
Neff Corp. is a construction equipment rental company offers a broad array of equipment rental solutions for its more than 15,000 customers, focusing on key end user markets including infrastructure, non-residential construction, energy and municipal and residential construction. Neff has 69 branches, approximately 1,160 employees and a broad fleet of equipment, including earthmoving, material handling, aerial and other rental equipment to meet specific customer needs.

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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 17 of 27
Sector (Retail) 12 of 14
Type (Add-on Acquisition) 16 of 24
State (Florida) 2 of 3
Country (United States) 15 of 23
Year (2017) 3 of 3
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Neff Rental

Miami, Florida, United States

Neff Rental is a regional equipment rental company in the United States, focused on the fast-growing Sunbelt States. Neff Rental offers a broad array of equipment rental solutions for its more than 15,000 customers, focusing on key end-user markets including infrastructure, non-residential construction, energy, and municipal and residential construction.

Buy $1.3B
FOLLOWING 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 -
Mergr

Product

Company

Legal