M&A Deal Summary

United Rentals Acquires BlueLine Rental

On September 10, 2018, United Rentals, Inc. acquired business services company BlueLine Rental LLC from Platinum Equity for 2.1B USD

Acquisition Highlights
  • This is United Rentals’ 4th transaction in the Business Services sector.
  • This is United Rentals’ 2nd largest (disclosed) transaction.
  • This is United Rentals’ 18th transaction in the United States.
  • This is United Rentals’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2018-09-10
Target BlueLine Rental LLC
Sector Business Services
Buyer(s) United Rentals, Inc.
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 2.1B USD

Target

BlueLine Rental LLC

Shippensburg, Pennsylvania, United States
website
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.

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Buyer(S) 1

Buyer

United Rentals, Inc.

Stamford, Connecticut, United States

website


Category Company
Founded 1997
SectorBusiness Services
Employees18,250
Revenue 8.5B USD (2020)
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 formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 20 of 24
Sector (Business Services) 4 of 7
Type (Add-on Acquisition) 19 of 21
State (Pennsylvania) 2 of 2
Country (United States) 18 of 21
Year (2018) 3 of 4
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 BakerCorp, Inc.

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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 WesternOne Rentals & Sales LP

British Columbia, Canada

WesternOne Rentals & Sales LP is a regional equipment rental provider of aerial lifts and heat solutions in Western Canada, with additional offerings of temporary power, general construction equipment and fuel delivery.

Buy $92M

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 23.0B USD
SizeMega
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 54 of 73
Sector (Business Services) 7 of 7
Type (Add-on Acquisition) 30 of 37
State (Pennsylvania) 5 of 5
Country (United States) 47 of 61
Year (2018) 5 of 9
Size (of disclosed) 2 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Fabcon Precast

Savage, Minnesota, United States

Fabcon Precast is a manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications. Fabcon’s structural precast wall panels are used primarily in the construction of warehouses and distribution centers as well as mixed-use office, industrial, data centers, and retail facilities. Fabcon Precast was established in 1970 and is based in Savage, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Kymera International

Durham, North Carolina, United States

Kymera is a specialty materials company focused on aluminum and copper-based powders, granules, and pastes. The Company sells its products into a wide variety of end markets, including chemical, specialty auto, general industrial, additive manufacturing, mining, and aerospace applications. Kymera is the only non-ferrous metal powder producer with a global manufacturing footprint in the U.S., Australia, Europe, and Asia. Kymera's products are typically customized for the manufacturing processes of its over 1,500 active, long-tenured customers. Kymera was founded in 1876 and is based in Durham, North Carolina.

Sell -