United Rentals, Inc. announced that it has completed its previously announced acquisition of BlueLine from Platinum Equity for a total purchase price of approximately $2.1 billion in cash. The company used a combination of newly issued debt and bank borrowings to fund the transaction and related expenses.
United Rentals, Inc. and BlueLine Rental (“BlueLine”) announced that they have entered into a definitive agreement under which United Rentals will acquire BlueLine from Platinum Equity for approximately $2.1 billion in cash. The board of directors of United Rentals unanimously approved the agreement.
Committed to earning customers' business with responsive support, Genie announced August 1, the appointments of Dave Hubbell to vice president of national accounts, as well as the promotions of Paul Smith, Casey Brabham, Joe Broughton and Mitch Carlson to national accounts managers.
BlueLine Rental recently announced its acquisition of Capital Rentals, a full-service rental provider in Northern Virginia. Capital Rentals' five locations in the Washington D.C. area will expand BlueLine's footprint into the region, which ranks among the top ten MSAs for rental revenue, according to an IHS Global 2016 report.
BlueLine Rental has announced it has completed the acquisition of Trico Lift., a rental company specialized in aerial lift equipment with locations in New Jersey, Pennsylvania, Maryland and Texas. Terms of the transaction were not disclosed. “We are excited to join forces with Trico, which will strengthen our aerial fleet, provide access to new customers, and help continue delivering on our growth strategy,” said BlueLine Rental CEO Phil Hobson.
Volvo Rents, a provider of small- to medium-sized construction rental equipment, today announced the rollout of a new name and corporate identity, BlueLine Rental. The new brand comes following the company’s recent transition to new ownership. Platinum Equity, a Los Angeles-based operations-focused private equity firm, acquired the business from Volvo at the end of January.