M&A Deal Summary

United Rentals Acquires Yak Access

On March 4, 2024, United Rentals acquired building materials company Yak Access from Platinum Equity for 1.1B USD

Acquisition Highlights
  • This is United Rentals’ 1st transaction in the Building Materials sector.
  • This is United Rentals’ 7th largest (disclosed) transaction.
  • This is United Rentals’ 23rd transaction in the United States.
  • This is United Rentals’ 1st transaction in Mississippi.

M&A Deal Summary

Date 2024-03-04
Target Yak Access
Sector Building Materials
Buyer(s) United Rentals
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Yak Access

Columbia, Mississippi, United States
Yak Access provides temporary roadway solutions to remote construction sites, primarily serving the oil and gas pipeline and powerline sectors in the United States. The company comprises three related businesses – Yak Mat, New South Access and Environmental Solutions, and BluRoc – offering a full suite of solutions, including hardwood mats, temporary and permanent access roads, site evaluation, design and installation of access plans, and mat removal. Yak Access was founded in 2016 and is based in Columbia, Maryland.

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Buyer(S) 1

Buyer

United Rentals

Stamford, Connecticut, United States

Category Company
Founded 1997
Sector Business Services
Employees27,900
Revenue 15.3B USD (2024)
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 27 of 27
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 24 of 24
State: Mississippi M&A 1 of 1
Country: United States M&A 23 of 23
Year: 2024 M&A 1 of 1
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 EQIN

Botlek Rotterdam, Netherlands

EQIN sells and rents temporary energy, air, lighting, and welding installations, tools and equipment, and accessories in the chemicals, oil and gas, power, steel, and shipbuilding market segments. In addition, EQIN provides training courses in welding and pipe fitting, and supervises the certification of welding quality management systems and personnel. EQIN is based in Botlek Rotterdam, Netherlands.

Buy -

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 80 of 86
Sector: Building Materials M&A 4 of 4
Type: Add-on Acquisition M&A Deals 40 of 42
State: Mississippi M&A 1 of 1
Country: United States M&A 66 of 71
Year: 2024 M&A 2 of 5
Size (of disclosed) 6 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Hunterstown Power

Gettysburg, Pennsylvania, United States

Hunterstown Power is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 648,000 homes. Hunterstown Power is based in Gettysburg, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Petmate

Arlington, Texas, United States

Petmate is a supplier of a wide variety of non-food pet products to retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. Petmate reaches customers through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.

Sell -