M&A Deal Summary

United Rentals Acquires RSC Equipment Rental

On December 16, 2011, United Rentals acquired business services company RSC Equipment Rental from Oak Hill Capital, Ardian and Ripplewood Holdings for 1.9B USD

Acquisition Highlights
  • This is United Rentals’ 1st transaction in the Business Services sector.
  • This is United Rentals’ 4th largest (disclosed) transaction.
  • This is United Rentals’ 8th transaction in the United States.
  • This is United Rentals’ 2nd transaction in Arizona.

M&A Deal Summary
Date 2011-12-16
Target RSC Equipment Rental
Sector Business Services
Buyer(s) United Rentals
Sellers(s) Oak Hill Capital
Ardian
Ripplewood Holdings
Deal Type Add-on Acquisition
Deal Value 1.9B USD
Advisor(s) Barclays Investment Bank
Goldman Sachs
Deutsche Bank Corporate & Investment Banking (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

RSC Equipment Rental

Scottsdale, Arizona, United States
RSC Equipment Rental serves as a vital and trusted partner for thousands of customers in construction, industrial, petrochemical, governmental, and manufacturing businesses across the United States and Canada.

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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 10 of 27
Sector (Business Services) 1 of 8
Type (Add-on Acquisition) 10 of 24
State (Arizona) 2 of 3
Country (United States) 8 of 23
Year (2011) 3 of 3
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-02 Blue Mountain Equipment Rental

Uniontown,, Pennsylvania, United States

Blue Mountain Equipment Rental Corp. a company with locations in Pennsylvania and West Virginia. Blue Mountain is almost exclusively focused on the industrial segment with a special concentration on oil and gas exploration in the Marcellus Shale region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-15 Coble Trench Safety

Greensboro, North Carolina, United States

Coble Trench Safety, Inc. engages in specialty rentals, with 11 locations in the Mid-Atlantic and Southeast region.

Buy -

Seller(S) 3

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.

DEAL STATS #
Overall 21 of 55
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 8 of 23
State (Arizona) 2 of 2
Country (United States) 17 of 46
Year (2011) 3 of 3
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 CommunityOne Bank

Ashebord, North Carolina, United States

CommunityOne Bank is a full service community bank headquartered in Asheboro, North Carolina.

Buy $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-05 Butler Schein Health Supply

Dublin, Ohio, United States

Butler Schein Health Supply is a distributor of companion animal health products to veterinarians. Butler Schein Health Supply is based in Dublin, Ohio.

Sell $155M
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 46 of 222
Sector (Business Services) 4 of 18
Type (Add-on Acquisition) 15 of 52
State (Arizona) 1 of 1
Country (United States) 6 of 25
Year (2011) 18 of 18
Size (of disclosed) 7 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 Taminco

Allentown, Pennsylvania, United States

Taminco is a global specialty chemical company, with a clear focus on niche markets. Taminco is the world's leading producer of alkylamines & derivatives and a major producer of formic acid & derivatives, supplying diversified, global end markets. Taminco's products are used by customers in the manufacture of a diverse array of products for the agriculture, animal nutrition, water treatment, personal & home care and oil & gas end-markets, and its products provide these goods with a variety of ancillary characteristics required for optimal performance. Taminco currently operates in 23 countries with eight production facilities.

Buy €1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Limacorporate

Udine , Italy

Limacorporate is a global medical device company providing reconstructive orthopedic solutions to surgeons who face the challenges of improving the quality of life of their patients. Lima Corporate’s product range includes large joint revision and primary implants and complete extremities solutions including fixation. Limacorporate was founded in 1945 and is based in Udine, Italy.

Buy -
SELLER

Ripplewood Holdings

New York, New York, United States
Category Private Equity Firm
Founded 1995
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ripplewood Holdings is a private equity firm based focused on investment opportunities at all company stages. The Firm generally considers businesses located across North America, Europe, and Asia. Target sectors include entertainment, media, financial services, publishing, automotive, and manufacturing. Ripplewood Holdings was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 3 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-24 The Reader s Digest Association

White Plains, New York, United States

Reader's Digest creates and delivers products and content for books, magazines, recorded music collections, DVD and video, and websites. The company sells its products in more than 70 countries and its magazines reach well over 100 million readers globally.

Sell -
Mergr

Product

Company

Legal