United Rentals Acquires Atlantic Rentals of New Brunswick, Canada
Greenwich, CT - Oct 13, 2004
United Rentals, Inc. (NYSE: URI) today announced that it has purchased Atlantic Rentals Ltd. of Woodstock, New Brunswick, Canada. Atlantic Rentals has 16 locations in Nova Scotia, New Brunswick and Prince Edward Island.
Established in 1960, Atlantic Rentals is the largest equipment rental company in Canada's Maritime Provinces, with revenues of approximately US$35 million. The company primarily serves the rental needs of construction, industrial, forestry, fishing and government customers, and provides related equipment sales, parts and service.
John Milne, United Rentals president and chief financial officer, said, "We are pleased that the acquisition of Atlantic's highly respected organization enables us to expand into a new market, the Maritime Provinces. We share a common philosophy of providing customers with expert solutions that are complete and convenient. United Rentals now serves customers in all ten provinces with approximately 100 Canadian branches and 1,250 employees."
About United Rentals
United Rentals, Inc. is the largest equipment rental company in North America, with an integrated network of more than 730 rental locations in 47 states, ten Canadian provinces and Mexico. The company's 13,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent over 500,000 rental equipment units with a total original cost of $3.7 billion. United Rentals is a member of the Standard & Poor's MidCap 400 Index and the Russell 2000 Index® and is headquartered in Greenwich, Connecticut. Additional information about United Rentals is available at www.unitedrentals.com.
VP, Investor Relations and
United Rentals, Inc.