United Rentals to acquire National Pump and GulfCo for ~$780M

United Rentals entered a definitive asset purchase agreement to acquire National Pump and a two-branch general rental business GulfCo for a combined purchase price of approximately $780 million, entering the pump rental segment.

“United Rentals Inc. announced that it has entered into a definitive asset purchase agreement to acquire National Pump, one of the largest specialty pump rental companies in North America. Under the terms of the agreement, United Rentals will also acquire GulfCo, a two-branch general rental business also based in Texas. The combined purchase price for the assets is approximately $780 million.”

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