All Mergers & acquisitions Articles

Cramo's Finnish subsidiaries Cramo Production Oy and Cramo Finland Oy have have agreed to sell their modular space production and customised accommodation rental businesses to Profipri Oy and Randum Oy, which are managed by MB Funds. Cramo will continue to rent standard modular space units.

Hertz Equipment Rental Corp (HERC) has acquired Arpielle Equipment Co in New York City, its fifth acquisition in the last 12 months. HERC said it expected the deal to add US$25 million in revenues in its first year with Hertz.

Stake in Caterpillar Japan to rise to 100%, following first phase of buy-out from Mitsubishi joint venture in 2008.

New Zealand general equipment rental company, Hirepool Limited, has bought New Zealand Access Hire from New Zealand Crane Group in order to increase its access equipment fleet.

United Rentals has acquired Coble Trench Safety, an 11-location rental company that rents trenching and shoring equipment and a range of safety products in the Mid-Atlantic and Southeast region.

Jeff Eisenberg, IRN's finance correspondent, looks at the financial aspects of United Rentals’ proposed acquisition of RSC Equipment Rental and asks, is it a good deal?

Algeco Scotsman has acquired Eurobras Group, a Brazilian portable accommodation rental company, giving it an entry into one of the fastest growing rental markets in the world.

Hertz has acquired Cinelease, a film and TV rental specialist, for an undisclosed price from private equity company Audax. Hertz said the deal would add around US$50 million in revenues to its equipment rental operations in 2012.

Boels Rental said it has acquired three other rental companies at the start of 2012 to add to the acquisition of Germany’s Baurent at the end of last year. Boels said its growth strategy would see it expand in eastern Europe and look for opportunities to enter Italy, Belgium, Austria and Switzerland.

Hertz Equipment Rental Corporation (HERC) has acquired DW Pumps, a pump rental company in Northern California with annual revenues of around US$6 million.

Ramirent has acquired Swedish rental company TLM (Tannefors Lift- och Maskinuthyrning). TLM is located in the Östergötland region and has annual sales of €8.8 million and three branches.

The long-anticipated sale of German rental company Baurent has finally been announced, with Netherlands-based Boels Rental to acquire the business on 1 January 2012.

United Rentals is to acquire RSC Equipment Rental in a cash-and-stock transaction valued at US$18 per share, or a total enterprise value of $4.2 billion, including $2.3 billion of net debt. It is the largest acquistion ever in the equipment rental market.

Melbourne-based Traffic Technologies Ltd (TTI) is to sell its traffic equipment rental business to Coates Hire for A$2.5 million (€1.92 million).

Highlift Equipment Ltd, a full service equipment distributor operating in Cincinnati since 1968 has acquired the assets of Valco Equipment Inc. of Canton, Ohio. Valco Equipment Inc. has been a distributor of telehandlers, scissor lifts and boom lifts for more than 24 years.

Ramirent is to acquire Swedish portable accommodation rental company Consensus Entreprenad.

United Rentals has acquired Blue Mountain Equipment Rental Corp, a company with three locations in Pennsylvania and West Virginia.

Kiloutou has announced another French rental acquisition, buying Top’Loc, a Lyon-based company with 18 depots and 120 employees.

Sunbelt Rentals has purchased all of the assets of California-based Pacific High Reach and Equipment Services, Inc. for $17.4 million under Section 363 of the Bankruptcy Code. This includes approximately 1,200 pieces of rental equipment, from aerial lifts to generators, and roughly 35 vehicles. The deal was approved in bankruptcy court on Nov. 15 and closed Nov. 18.

Volvo Rents has completed two recent acquisitions in the US as part of its strategy to create company-owned network as well as its franchise operation.