United Rentals (URI) to Acquire BlueLine Rental, Stock Up 5%. 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. 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. The transaction is expected to close in the fourth quarter of 2018. United Rentals (URI) to Report Q4 Earnings: What's in Store? Plus500. Neha Chamaria has no position in any of the stocks mentioned. The company has 114 locations and over 1,700 employees based in 25 U.S. states, Canada and Puerto Rico. BlueLine Rental takes first step towards IPO. United Rentals-Wikipedia. (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. Corp, Tesla, United Rentals and Ameriprise Financial. 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 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. This investment - Series A - Serious Labs - was valued at $5M. 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. ... Commission (the “SEC”) relating to the proposed initial public offering of the Company’s common stock. This estimate is based upon 2 Blueline Rental Finance and Accounting salary report(s) provided by employees or estimated based upon statistical methods. Average salaries for Blueline Rental Infrastructure Analyst: $64,688. (1) The company used a combination of newly issued debt and bank borrowings to fund the transaction and related expenses. 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 transaction is not conditioned on financing. Made In NYC | 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. United Rentals (NYSE:URI) will acquire BlueLine from Platinum Equity for approximately $2.1B in cash and the transaction is expected to close Q4. PATK Quick Quote PATK. 1 The board of directors of United Rentals … © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Company profile page for Blueline Rental LLC including stock price, company news, press releases, executives, board members, and contact information United Rental prévoit de financer cette acquisition par de nouveaux titres de dette et emprunts bancaires. Stock quotes by finanzen.net. BlueLine Rental serves customers worldwide. Specialties: We stock a full line of construction, industrial, homeowner, and maintenance equipment. [1] 9492 Corporate Drive United Rentals expects the acquisition to be immediately accretive to its adjusted earnings per share and free cash flow generation. 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. Zacks Equity Research September 11, 2018. Selma, TX 78154 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. The acquisition is … 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. It is now reported to have a 13% share of the North American market. 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. The company plans to update its 2018 financial outlook to reflect the combined operations upon completion of the transaction. Finance and Accounting salaries at Blueline Rental can range from $47,092-$79,630. 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. The segment’s sales grew 20.2% YoY to $1.96 billion due to incremental revenues from the BlueLine and BakerCorp acquisitions. Search for other Contractors Equipment Rental in Saint Louis on The Real Yellow Pages®. BlueLine Rental, LLC provides industrial machinery. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Find 5 listings related to Blue Line Rental in The Woodlands on YP.com. 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. 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. See reviews, photos, directions, phone numbers and more for Blue Line Rental locations in The Woodlands, TX. Their stock opened with $13.50 in its Dec 18, 1997 IPO. United Rentals expects to use a combination of newly issued debt and bank borrowing to fund the transaction and related expenses. While at BlueLine, Mr. Blackadar helped lead operations for an organization with 114 network locations and 46,000 fleet units. Blueline Rental salary trends based on salaries posted anonymously by Blueline Rental employees. Are Investors Undervaluing United Rentals (URI) Right Now. Disclaimer | United Rentals has invested in Serious Labs on Aug 15, 2017. They acquired BlueLine Rental for $2.1B. All rights reserved. Trades from $ 1 Company profile page for BlueLine Rental Finance Corp including stock price, company news, press releases, executives, board members, and contact information 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. 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. 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. 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