United Rentals Acquires Skyreach Equipment Ltd.

Greenwich, CT - Mar 7, 2004

 

United Rentals, Inc. (NYSE: URI) today announced that it has purchased Skyreach Equipment Ltd. of St. Albert, Alberta, Canada. Skyreach Equipment has nine locations in Alberta and three locations in British Columbia.

Skyreach Equipment was established in 1978 and grew to become one of Western Canada's leading equipment rental providers, with annual revenues of approximately $40 million.

John Milne, United Rentals president and chief financial officer, said, "This acquisition adds five new markets to our Canadian operations and enhances our presence in six existing markets with a wealth of expertise developed over 25 years in business."

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, seven Canadian provinces and Mexico. The company's 13,000 employees serve 1.9 million customers, including construction and industrial companies, utilities, municipalities, homeowners and others. The company offers for rent over 600 different types of equipment with a total original cost of $3.5 billion. United Rentals is a member of the Standard & Poor's MidCap 400 Index and the Russell 2000 Index® and is headquartered in Greenwich, CT. Additional information about United Rentals is available at www.unitedrentals.com.

Contact:
 
Chuck Wessendorf
VP, Investor Relations and Corporate Communications
United Rentals, Inc.
(203) 618-7318
cwessendorf@ur.com