The Clap
United Rentals (NYSE: URI) is set to acquire Ahern Rentals for $2 billion as the company looks to expand.
United Rentals
United Rentals is the largest equipment rental company in the world, boasting a fleet of 600,000 units.
The Deets
Increasing demand for manufacturing equipment has encouraged the company to expand its presence in the US, as industrial activity rebounds post-COVID.
The company expects the acquisition to save around $40 million within 12-18 months of the conclusion of the deal.
So What
The deal comes after several acquisitions by the company over the past few years.
Now What
The deal is expected to be finalized by the end of 2022.
