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UNITED RENTALS, INC. 8-K Report, Acquisition Completed (Apr 3, 2017)

Reports
Acquisitions & Dispositions·Other Events·Exhibits & Filings
Filing Date
Filed April 3, 2017
Period End
April 3, 2017
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 ’18Oct ’18
  2. Leadership change8-K · Sep ’20Sep ’20
  3. Deal closed8-K · Dec ’22Dec ’22
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed April 3, 2017. Cited figures are marked; the original filing is the authoritative source.

United Rentals, Inc. (URI) has officially completed the acquisition of NES Rentals Holdings II, Inc. (NES) through a merger that became effective on April 3, 2017.

This strategic move, initially announced on January 25, 2017, involved URI's wholly-owned subsidiary, United Rentals (North America), Inc. (URNA), merging with and into NES. As a result, NES and its subsidiaries will be integrated into URNA. This acquisition represents a significant expansion for United Rentals.

The total consideration for the merger amounts to $965 milliona, subject to customary adjustments for purchase price, fleet sales, and purchases as outlined in the merger agreement. Investors should view this as a key step in URI's growth strategy, likely aimed at enhancing market share and operational scale within the equipment rental industry.

02—Key points

Key Highlights

  1. Completion of the acquisition of NES Rentals Holdings II, Inc. (NES) by United Rentals, Inc. (URI).
  2. The merger was finalized on April 3, 2017, through URI's subsidiary, United Rentals (North America), Inc.
  3. The total base consideration for the acquisition is $965,000,000.
  4. The purchase price is subject to customary post-closing adjustments, including those related to rental fleet sales and purchases.
  5. NES Rentals and its subsidiaries will be merged into United Rentals (North America), Inc., continuing URI's operational consolidation.
  6. NES equity awards were fully vested at the time of the merger.
  7. URI announced the consummation of the merger via a press release filed as an exhibit.

03—Questions

Frequently Asked Questions

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

    This 8-K filing serves to formally announce and report the completion of United Rentals, Inc.'s acquisition of NES Rentals Holdings II, Inc. through a merger.

  2. What was the financial impact of this acquisition?

    The acquisition involved a base consideration of $965,000,000, which is subject to post-closing adjustments related to purchase price and rental fleet activities. This represents a significant investment and expansion for United Rentals.

  3. How will the acquired company, NES Rentals, be integrated?

    NES Rentals will be merged with and into United Rentals (North America), Inc., with United Rentals (North America), Inc. continuing as the surviving entity. This indicates a full integration of NES's operations into United Rentals' existing structure.

  4. When was the merger agreement initially signed?

    The Agreement and Plan of Merger was initially entered into on January 25, 2017.

04—Continue

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