PLATINUM EQUITY TO SELL YAK ACCESS TO UNITED RENTALS FOR $1.1 BILLION
URIUnited Rentals(URI) Prnewswire·2024-03-04 19:35

LOS ANGELES, March 4, 2024 /PRNewswire/ -- Platinum Equity announced today the signing of a definitive agreement to sell Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively, "Yak") to United Rentals, Inc. (NYSE: URI) for approximately $1.1 billion in cash. The transaction is expected to close in the first quarter of 2024, subject to limited contractual conditions. Yak is a leader in the North American matting industry with a fleet of approximately 600,000 hardwood ...