United Rentals Acquires Coble Trench Safety
February 15 2012 - 4:39PM
Business Wire
United Rentals, Inc. (NYSE:URI) today announced that it has
acquired the assets of Coble Trench Safety, a market leader in
specialty rentals, with 11 locations in the Mid-Atlantic and
Southeast region.
"We are delighted to expand our trench safety rentals business
through the acquisition of Coble Trench Safety," said Paul
McDonnell, Senior Vice President – Operation, Trench, Power &
HVAC. “We’re attracted to Coble’s mix of government and industrial
customers with very little branch overlap in strong markets. We
were looking forward to working with Tom Coble, and were deeply
saddened by his sudden and tragic passing. He was instrumental in
developing innovative new technologies and customer safety training
programs in support of the underground construction Industry. Tom
was a pioneer in the industry and we intend to build on his
legacy.”
With the acquisition, United Rentals’ trench presence grows to
93 locations in 28 states and Canada.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in
the world, with an integrated network of 529 rental locations in 48
states and 10 Canadian provinces. The company’s approximately 7,500
employees serve construction and industrial customers, utilities,
municipalities, homeowners and others. The company offers for rent
approximately 3,000 classes of equipment with a total original cost
of $4.29 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.
Forward Looking Statements
This press release contains "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, but are not
limited to, statements regarding the anticipated benefits of the
transaction and other statements identified by words such as "may,"
"will," "intend," "estimate," "should," "expect" or similar
expressions. These statements are based on the current expectations
and beliefs of management, and are subject to uncertainty and
changes in circumstances, including, but not limited to, our
ability to timely and successfully integrate Coble’s operations
into our operations, and the parties' performance of their
obligations under the purchase agreement. Acquisitions typically
entail many risks including, among other things, unrecorded or
undisclosed liabilities not subject to indemnification or
reimbursement by the seller. Any forward-looking information is not
a guarantee of future performance and actual results may vary
materially from those expressed or implied by the statements
herein, due to changes in economic, business, competitive,
technological, strategic and/or regulatory factors, as well as
factors affecting our combined operations and businesses.
For a more complete description of these and other possible
risks and uncertainties as such risks and uncertainties relate to
United Rentals, please refer to our Annual Report on Form 10-K for
the year ended December 31, 2011, as well as to our subsequent
filings with the SEC. Our forward-looking statements contained
herein speak only as of the date hereof, and we make no commitment
to update or publicly release any revisions to forward-looking
statements in order to reflect new information or subsequent
events, circumstances or changes in expectations.
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