Published on 14 Nov 2022 on Reuters via Yahoo Finance
United Rentals to buy Ahern Rentals for $2 billion as tools demand jumps
By Nathan Gomes and Priyamvada C
(Reuters) - United Rentals Inc said on Monday it would acquire the assets of smaller rival Ahern Rentals Inc for about $2 billion in cash, as the equipment rental firm looks to expand its U.S. presence.
The deal will help United better capitalize on rising demand from manufacturers and construction companies as they ramp up output amid a post-pandemic rebound in industrial activity.