United Rentals was founded in 1997. Then-chairman and CEO Bradley Jacobs planned to grow the company through acquisition and consolidation, beginning in October 1997 with six small leasing companies scattered across North America.
Within 3 months, the company went public on the NYSE under the ticker symbol URI.
In December 2011, United Rentals and RSC Holdings announced that they had entered into a merger agreement, under which United Rentals would acquire RSC in a cash-and-stock transaction. The largest merger in rental equipment history was finalized on April 30, 2012, boosting URI to what was at the time a 13 percent market share of the equipment rental industry.
In August 2017, the company announced that it had acquired all portable power assets from Cummins to maintain fleet and customer service continuity. This acquisition mainly involved power generators from Cummins, not major equipment, such as backhoes.
In September 2018, United Rentals acquired BlueLine Rental, adding an additional 144 locations to United Rentals’ lineup.
In December 2022, United Rentals acquired Ahern Rentals for an estimated $2 billion in cash, adding another 106 rental locations.
Today, United Rentals is the largest equipment rental company in the world with about 13 percent of the market share in equipment rentals.
The company has a combined total of 1,449 locations, including an integrated network of 1,390 rental locations in North America, 13 in Europe, 27 in Australia, and 19 in New Zealand. In North America, the company operates in 49 U.S. states and Puerto Rico and in every Canadian province.
United Rentals maintains a corporate office in Stamford, Connecticut.
United Rentals
United Rentals was founded in 1997. Then-chairman and CEO Bradley Jacobs planned to grow the company through acquisition and consolidation, beginning in October 1997 with six small leasing companies scattered across North America.
Within 3 months, the company went public on the NYSE under the ticker symbol URI.
In December 2011, United Rentals and RSC Holdings announced that they had entered into a merger agreement, under which United Rentals would acquire RSC in a cash-and-stock transaction. The largest merger in rental equipment history was finalized on April 30, 2012, boosting URI to what was at the time a 13 percent market share of the equipment rental industry.
History
In August 2017, the company announced that it had acquired all portable power assets from Cummins to maintain fleet and customer service continuity. This acquisition mainly involved power generators from Cummins, not major equipment, such as backhoes.
In September 2018, United Rentals acquired BlueLine Rental, adding an additional 144 locations to United Rentals’ lineup.
In December 2022, United Rentals acquired Ahern Rentals for an estimated $2 billion in cash, adding another 106 rental locations.
Today, United Rentals is the largest equipment rental company in the world with about 13 percent of the market share in equipment rentals.
The company has a combined total of 1,449 locations, including an integrated network of 1,390 rental locations in North America, 13 in Europe, 27 in Australia, and 19 in New Zealand. In North America, the company operates in 49 U.S. states and Puerto Rico and in every Canadian province.
United Rentals maintains a corporate office in Stamford, Connecticut.
