United Rentals (URI) to Buy Yak, Diversifies Specialty Business
URIUnited Rentals(URI) Zacks Investment Research·2024-03-05 23:40

United Rentals, Inc. (URI) announced its acquisition of Yak Access, LLC, Yak Mat, LLC, and New South Access & Environmental Solutions, LLC, collectively known as "Yak," from Platinum Equity for approximately $1.1 billion in cash. Expected to close in the first quarter of 2024, the move diversifies URI's Specialty business offerings, enhancing shareholder returns and positioning the company as a one-stop shop for customers.Shares of United Rentals gained 1.7% during the trading session on Mar 4, 2024.Strateg ...