Leasco Acquisition Expands Strategic Presence in Industrial Sector
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.
United Rentals, Inc.
Fred Bratman, 203-618-7318
Cell:
917-847-4507
fbratman@ur.com
