UNITED RENTALS NORTH AMERICA INC: M&A transaction — United Rentals closes $2B cash acquisition of Ahern Rentals; adds 2,100 employees, 60K assets

UNITED RENTALS NORTH AMERICA INC

Completed acquisition of Ahern Rentals for $2.0B in cash on December 7, 2022.
Adds approximately 2,100 employees, 60,000 rental assets, and 106 U.S. locations.
Funded via newly issued senior secured notes and existing ABL facility.
CEO states integration is off to a strong start; positions for robust 2023 demand.
Full-year 2023 guidance to be issued in January, reflecting acquisition impact.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

UNITED RENTALS NORTH AMERICA INC completed an acquisition involving Ahern Rentals, Inc. for $2,000,000,000 (closed 2022-12-07).

Action: acquisition
Counterparty: Ahern Rentals, Inc.
Consideration: $2,000,000,000
Closing: 2022-12-07

Exact text from the filing

On December 7, 2022, URNA completed its acquisition of the Business for an aggregate purchase price of $2,000,000,000 (subject to certain post-closing adjustments pursuant to the terms of the Agreement), comprised of all cash.

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001104659-22-125218

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.