May 25, 2012: United Rentals Completes Acquisition of RSC Holdings
GREENWICH, Conn., and SCOTTSDALE, Ariz. — United Rentals Inc. announced that it has completed the acquisition of RSC Holdings Inc. in a cash-and-stock transaction valued at $18 per share, for a total enterprise value of $4.2 billion, including $2.3 billion of net debt.
According to United Rentals, the combination of the two companies creates a leading North American equipment rental company with a more attractive customer mix, greater scale, and enhanced growth prospects. The combination is expected to accelerate the combined company’s potential for growth with industrial customers, as well as provide a lower cost base and a less volatile revenue profile that is expected to better position the combined company through all phases of the business cycle. The combined company will continue to be called United Rentals.