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UNITED RENTALS, INC. 8-K Report, Acquisition Completed (Apr 1, 2014)

Reports
Acquisitions & Dispositions·Other Events·Exhibits & Filings
Filing Date
Filed April 1, 2014
Period End
April 1, 2014
Security
URI
In the record · 2016–202610-K1110-Q328-K170

URI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 170 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Oct ’17Oct ’17
  2. Leadership change8-K · May ’19May ’19
  3. Material agreement8-K · Aug ’21Aug ’21
  4. Material agreement8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed April 1, 2014. Cited figures are marked; the original filing is the authoritative source.

United Rentals, Inc. (URI) has officially completed the acquisition of substantially all assets related to the specialty pump and industrial equipment rental businesses of LD Services, LLC, National Pump & Compressor, Ltd., Canadian Pump & Compressor Ltd., and GulfCo Industrial Equipment, L.P.

The transaction, which closed on April 1, 2014, involved a total purchase price of approximately $780 milliona. This was comprised of roughly $765 million in cash and $15 million in unregistered restricted shares of United Rentals common stock.

This strategic acquisition significantly expands United Rentals' footprint in the specialty pump and industrial equipment rental market. The deal includes potential for additional cash consideration if certain financial targets are met for the acquired specialty pump business during two post-closing earn-out periods, indicating management's confidence in the future performance of these newly acquired assets.

02—Key points

Key Highlights

  1. Completion of the acquisition of specialty pump and industrial equipment rental businesses from multiple sellers.
  2. Total purchase price of approximately $780 million.
  3. Transaction financed with approximately $765 million in cash and $15 million in United Rentals common stock.
  4. Acquisition includes potential for future earn-out payments based on performance targets.
  5. The acquired assets are related to specialty pump and industrial equipment rental businesses.
  6. This marks a significant expansion in United Rentals' specialty rental offerings.

03—Questions

Frequently Asked Questions

  1. What was the primary purpose of this 8-K filing?

    The primary purpose of this 8-K filing was to report the completion of United Rentals, Inc.'s acquisition of substantially all assets of the specialty pump and industrial equipment rental businesses from several sellers, as required under SEC regulations.

  2. What is the total value of this acquisition?

    The total purchase price for the acquisition was approximately $780 million, consisting of approximately $765 million in cash and $15 million in unregistered restricted shares of United Rentals common stock.

  3. Are there any potential future payments associated with this acquisition?

    Yes, the agreement includes provisions for additional cash consideration, or earn-out payments, if the acquired specialty pump business achieves certain financial targets during two separate post-closing periods.

  4. What specific business segments are being acquired?

    United Rentals is acquiring assets related to the specialty pump and industrial equipment rental businesses from the sellers.

04—Continue

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