United Rentals Buys Leasco Equipment
July 22, 2009 (FinancialWire) — United Rentals, Inc. (NYSE: URI) said it has acquired the operating assets of Leasco Equipment Services, Inc., a Marietta, Ohio-based rental company.
Leasco Equipment serves the industrial sector with a focus on power generation, petroleum, chemical, and pulp and paper companies.
According to United Rentals CEO Michael Kneeland, the acquisition advances United’s strategy to expand the company’s presence in the industrial segment, where its geographic footprint, rental fleet size and scope provide it with a competitive advantage.
Greenwich, Connecticut-based United Rentals is an equipment rental company with a network of more than 580 rental locations in 48 states, 10 Canadian provinces and Mexico.
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