United Rentals Acquires Industrial Rental Company in Ohio
July 21 2009 - 5:55PM
Business Wire
United Rentals, Inc. (NYSE:URI) today announced that it has
acquired the operating assets of Leasco Equipment Services, Inc., a
Marietta, Ohio-based rental company that serves the industrial
sector with a focus on power generation, petroleum, chemical, and
pulp and paper companies.
Michael Kneeland, chief executive officer of United Rentals,
said, �Leasco is a company with strong customer relationships built
on 20 years of expertise in industrial rentals, and we are
delighted that its senior management will be joining our team. This
acquisition advances our strategy to expand our company�s presence
in the industrial segment, where our industry-leading geographic
footprint, rental fleet size and scope, and commitment to
exceptional customer service provide us with a competitive
advantage.�
About United Rentals
United Rentals, Inc. is the largest equipment rental company in
the world, with an integrated network of over 580 rental locations
in 48 states, 10 Canadian provinces and Mexico. The company�s
approximately 8,600 employees serve construction and industrial
customers, utilities, municipalities, homeowners and others. The
company offers for rent approximately 2,700 classes of equipment
with a total original cost of $3.8 billion. United Rentals is a
member of the Standard & Poor�s MidCap 400 Index and the
Russell 2000 Index� and is headquartered in Greenwich, Conn.
Additional information about United Rentals is available at
unitedrentals.com.
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