a ford f-150 truck united rentals.
united rentals founded in september 1997. then-chairman , ceo bradley jacobs planned grow company through acquisition , consolidation, beginning in october 1997 6 small leasing companies scattered across north america.
in december 1997, 3 months after forming, united rentals began trading on new york stock exchange under symbol uri.
in june 1998, acquired u.s. rentals, inc., sum variously reported $1.2 billion , $1.31 billion. acquisition made united rentals largest equipment rental company in north america.
on december 26, 2006, united rentals announced sale of highway technology division hts acquisition, inc.
on july 23, 2007, united rentals announced definitive agreement sell cerberus capital management in transaction valued @ approximately $6.6 billion, including assumption of approximately $2.6 billion in debt obligations. uri s board of directors approved merger agreement , recommended stockholders same.
on november 15, 2007, company announced cerberus not prepared proceed purchase on terms set forth in merger agreement. cerberus confirmed there had not been material adverse change @ united rentals, have let bow out of deal without penalty. on december 21, 2007, delaware chancery court ruling denied united rentals attempt force cerberus follow through on takeover bid. however, court did order cerberus pay $100 million termination fee stipulated in original agreement.
on december 16, 2011, united rentals , rsc holdings, inc. announced had entered definitive merger agreement, under united rentals acquire rsc in cash-and-stock transaction. merger finalized on april 30, 2012, boosting uri @ time 13 percent market share of equipment rental industry.
in 2013, united rentals moved headquarters greenwich, connecticut stamford, connecticut.
on march 9, 2014, company announced plans acquire national pump $780 million. made united rentals second-largest pump rental company in north america.
in june 2014, united rentals first listed on fortune 500. based on 2013 revenues of $4.955 billion, company ranked 500th. had made high 517 in 2002, before falling down.
on september 19, 2014, uri added s&p 500 index.
on january 25, 2017, united rentals announced purchase of nes rentals, competing general equipment rentals company, approximately $965 million. completed acquisition on april 3, 2017.
on october 2, 2017, united rentals announced had completed acquisition of neff corporation approximately $1.3 billion. in transaction, united rentals acquired approximately $867 million in equipment (based on original equipment cost) , neff s 69 rental facility locations in united states.
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