M&A Deal Summary

United Rentals Acquires Service Radio Rentals

On April 11, 2018, United Rentals acquired consumer services company Service Radio Rentals from JMH Capital Partners

Acquisition Highlights
  • This is United Rentals’ 1st transaction in the Consumer Services sector.
  • This is United Rentals’ 16th transaction in the United States.
  • This is United Rentals’ 2nd transaction in Louisiana.

M&A Deal Summary

Date 2018-04-11
Target Service Radio Rentals
Sector Consumer Services
Buyer(s) United Rentals
Sellers(s) JMH Capital Partners
Deal Type Add-on Acquisition
Advisor(s) BlackArch (Financial)

Target

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.

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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 18 of 27
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 17 of 24
State (Louisiana) 2 of 2
Country (United States) 16 of 23
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 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.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 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.

Buy $715M

Seller(S) 1

SELLER

JMH Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 500M USD
Size Small
Type Sector Agnostic
DESCRIPTION

JMH Capital is a private equity firm that targets businesses focused on a single business or product line. The firm invests across a wide range of transactions including recapitalizations, management buyouts, corporate divestitures, leverage buyouts, and spin-offs. JMH Capital invests across a broad range of industries, and has a particular interest in the sectors of manufacturing, specialty chemicals, building products, medical devices, business services, value-added distribution, analytical instruments, food products and services. The firm invests in growth-oriented companies with revenues to $5 million $100 million. JMH Capital was formed in 2003 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 5
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 4 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 All4

Kimberton, Pennsylvania, United States

All4 is an environmental consulting company specializing in air quality consulting services, primarily assisting clients with complex air permitting, modeling, continuous monitoring, and regulation compliance. All4 was founded in 2002 and is based in Kimberton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Richard Brady

San Diego, California, United States

Richard Brady is a multi-discipline engineering firm specializing in water-related engineering and construction management (“CM”) services for water treatment facilities, pipelines, reservoirs, pump stations, and other support facilities. Additionally, BRADY provides engineering and CM services for other public works such as roads, bridges, buildings, and subsurface utilities. Richard Brady was founded in 1999 and is based in San Diego, California.

Buy -