United Rentals $965 million acquisition of NES Rental Holdings II

3/4/2017

Public acquisition

Value:

$ 965 million

Status:

Announced

Date:

3/4/2017

Overview:

Industrial and construction equipment rental company United Rentals has completed its $965 million acquisition of NES Rental Holdings II.
As a result of the transaction, United Rentals has an expanded presence in the Midwest, the Gulf Coast and the East Coast.
The deal was first announced in January 2017.
Centerview Partners and Morgan Stanley acted as financial advisers for United Rentals.
Catalyst Strategic Advisors and Deutsche Bank were financial advisers for NES.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Industrials and manufacturing

Firms:

Jenner & Block

Party: NES Rental Holdings II (Target)

Lawyers: Brian Hart, Kurt von Moltke

Sullivan & Cromwell

Party: United Rentals (Acquirer)

Lawyers: Frank Aquila, S Neal McKnight

Related deals