Their stock opened with $13.50 in its Dec 18, 1997 IPO. This investment - Series A - Serious Labs - was valued at $5M. BlueLine Rental, LLC provides industrial machinery. United Rentals Completes Acquisition of BlueLine and Updates Guidance to Reflect the Combination Oct 31, 2018 STAMFORD, Conn. – October 31, 2018 – United Rentals, Inc. (NYSE: URI) today 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. United Rentals expects to use a combination of newly issued debt and bank borrowing to fund the transaction and related expenses. Company profile page for Blueline Rental LLC including stock price, company news, press releases, executives, board members, and contact information Commerce Policy | United Rentals also said it plans to pause its current $1.25 billion share repurchase program upon closing the BlueLine acquisition to integrate the operations and assess other potential uses of capital. The addition of BlueLine's fleet will also expand United Rentals' fleet by over 46,000 rental assets with an original cost of about $1.5 billion. Top that with a 3.4% yield, and Nucor is a great stock to own at all times. BlueLine is one of the ten largest equipment rental companies in North America, serving over 50,000 customers in the construction and industrial sectors with a focus on mid-sized and local accounts. United Rentals has acquired 14 organizations. See all Finance and Accounting salaries to learn how this stacks up in the market. 1 The board of directors of United Rentals … Blueline Rental salary trends based on salaries posted anonymously by Blueline Rental employees. Previously, Mr. Blackadar served as Vice President of Operations for BlueLine Rental until its acquisition by United Rentals in 2018. This is consistent with the company's approach during the integrations of NES Rentals and Neff Rental in 2017. The segment’s sales grew 20.2% YoY to $1.96 billion due to incremental revenues from the BlueLine and BakerCorp acquisitions. It is now reported to have a 13% share of the North American market. BlueLine Rental takes first step towards IPO. PATK Quick Quote PATK. Average salaries for Blueline Rental Infrastructure Analyst: $64,688. Search for other Contractors Equipment Rental on The Real Yellow Pages®. Zacks Equity Research September 11, 2018. The transaction is not conditioned on financing. While at BlueLine, Mr. Blackadar helped lead operations for an organization with 114 network locations and 46,000 fleet units. They acquired BlueLine Rental for $2.1B. All rights reserved. URI had returned 0.00% year-to-date leading up to today’s news, versus a 0.00% return from the benchmark S&P 500 during the same period. BlueLine Rental announced today that its parent company Vander Holding Corp. has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission relating to the proposed initial public offering of the company’s common stock. United States. United Rentals-Wikipedia. Over the years, acquisitions have played a big role in United Rentals' top-line growth -- its last notable acquisition was that of BlueLine Rental in late 2018 for $2.1 billion. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. United Rentals (URI) to Report Q4 Earnings: What's in Store? Specialties: We stock a full line of construction, industrial, homeowner, and maintenance equipment. Corp, Tesla, United Rentals and Ameriprise Financial. Neha Chamaria has no position in any of the stocks mentioned. Trades from $ 1 Plus500. (1) The company used a combination of newly issued debt and bank borrowings to fund the transaction and related expenses. United Rentals, Inc. (NYSE: URI) and BlueLine Rental (“BlueLine”) today 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. Selma, TX 78154 Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. BlueLine has completed three add-on acquisitions in the past 14 months: JustRuss Rental Inc. in September 2014, Trico Equipment, Inc. in February 2015, … Made In NYC | Stock quotes by finanzen.net. Are Investors Undervaluing United Rentals (URI) Right Now. Get reviews, hours, directions, coupons and more for BlueLine Rental at 2231 Papin St, Saint Louis, MO 63103. United Rental prévoit de financer cette acquisition par de nouveaux titres de dette et emprunts bancaires. Finance and Accounting salaries at Blueline Rental can range from $47,092-$79,630. The acquisition is … In the third quarter of 2019, 11% of the company's 15% rental revenue growth was attributable to the acquisitions of BlueLine Rental and BakerCorp. The Company markets, rents, and sells new and used excavators, compactors, wheel loaders, backhoe loaders, compaction equipment, and other construction machines. Their most recent acquisition was BlueLine Rental on Sep 10, 2018. The company has 114 locations and over 1,700 employees based in 25 U.S. states, Canada and Puerto Rico. _____ 1 United Rentals acquired Vander Holding Corporation and its subsidiaries, including BlueLine Rental, LLC (collectively “BlueLine”). © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Search for other Contractors Equipment Rental in Saint Louis on The Real Yellow Pages®. BlueLine fait partie des dix premiers loueurs d'équipements en Amérique du Nord et est présent sur 114 sites, avec un effectif de 1.700 employés dans 25 Etats des Etats-Unis, au Canada et à Porto Rico. Founded in 1997, the company now has over 1100 branches around the world thanks in part to its acquisition of companies such as BlueLine Rental, WesternOne and Industrial Rental Services. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Tech stocks set to pull away from pack at US open as investors await big-name earnings and Fed decision », How Reddit day-traders are using the platform to upend the stock market and make money in the process », The Zacks Analyst Blog Highlights: W. R. Berkley, V.F. 9492 Corporate Drive BlueLine owner Platinum Equity and United Rentals have entered a definitive agreement for United to acquire BlueLine for $2.1 billion in cash, according to a press release. Disclaimer | This estimate is based upon 2 Blueline Rental Finance and Accounting salary report(s) provided by employees or estimated based upon statistical methods. United Rentals has invested in Serious Labs on Aug 15, 2017. [1] United Rentals expects the acquisition to be immediately accretive to its adjusted earnings per share and free cash flow generation. APAC Construction Machinery Rental Market Worth $40bn by 2024, Global Key Players Caterpillar Inc., Herc Rentals, BlueLine Rental, H&E Equipment Services, Groupe … BlueLine Rental serves customers worldwide. BlueLine Rental overview Business Description Fleet Mix (% OEC)(3) •Leading North American General Rental provider founded in 2001 and owned by Platinum Equity since January 2014 •2017 total revenue of $728M (+10.6% Y/Y) with an adjusted EBITDA margin of 35.5% (+180 bps Y/Y) vs. LTM total revenue of $786M with an adjusted EBITDA margin of 39.8%(1) United Rentals (NYSE:URI) will acquire BlueLine from Platinum Equity for approximately $2.1B in cash and the transaction is expected to close Q4. Here's what to expect from United Rentals's earnings, 7 Stocks To Buy As The Biden Presidency Begins, United Rentals Stock Looks Expensive At $255. Find 5 listings related to Blue Line Rental in The Woodlands on YP.com. United Rentals, Inc.(NYSE: URI) is the world's largest equipment rental company, with about 13 percent of the North American market share as of 2019.It owns the largest rental fleet in the world with about 660,000 rental units totaling about $14.2 billion in original equipment cost (OEC). The company plans to update its 2018 financial outlook to reflect the combined operations upon completion of the transaction. See reviews, photos, directions, phone numbers and more for Blue Line Rental locations in The Woodlands, TX. On 19 September 1989, the Company went public and listed its shares in Indonesia Stock Exchange as PT United Tractors Tbk ... On September 11, 2018, United Rentals announced an agreement to add BlueLine Rental, one of the top ten rental equipment companies in North America, to its growing list of acquisitions. BlueLine is one of the ten largest equipment rental companies in North America, serving over 50,000 customers in the construction and industrial sectors with a focus on mid-sized and local accounts. The board of directors of United Rentals has unanimously approved the agreement. (RTTNews) - United Rentals, Inc. (URI) has agreed to acquire equipment rental company BlueLine Rental from global investment firm Platinum Equity for about $2.1 billion in cash, the two companies said Monday. The transaction is expected to close in the fourth quarter of 2018. ... Commission (the “SEC”) relating to the proposed initial public offering of the Company’s common stock. BlueLine Rental competitors include H&E Equipment Services, R. S. Hughes Company, Emser Tile, Midwest Motor Supply Co, Louisiana Cat, Carter Lumber, Kauffman Tire, Culligan Water Technologies, G&K Services, Royal Crest Dairy, UniFirst, AmeriPride Services, Empire Today, ADMAR Construction Equipment and Supplies, Kelly-Moore Paints, Pacific Supply Company Roofing Materials, Stock … United Rentals (URI) to Acquire BlueLine Rental, Stock Up 5%. For the trailing 12 months ended August 31, 2018, BlueLine generated an estimated $313 million of adjusted EBITDA at a 39.8 percent margin on $786 million of total revenue. STAMFORD, CONN (October 31, 2018) – United Rentals, Inc. (NYSE: URI) today 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. United rentals note that BlueLine's footprint will increase United Rentals' capacity in many of the largest metropolitan areas in North America, including both U.S. coasts, the Gulf South and Ontario. 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