United Rentals Inc has entered into a definitive agreement to acquire BakerCorp International Holdings Inc for approximately US$715 million in cash.BakerCorp is a multinational provider of tank, pump, filtration and trench shoring rental solutions for a range of industrial and construction applications.
The BakerCorp rental fleet consists of more than 24 000 units, including steel tanks, polyethylene tanks, roll-off boxes, pumps, pipes, hoses and fittings, filtration units, tank trailers, berms and trench shoring equipment.
BakerCorp’s operations are primarily in the US and Canada, where it has 46 locations, with another 11 in France, Germany, the UK and the Netherlands.Together, BakerCorp and United Rentals’ Pump Solutions unit will have revenue of approximately US$606 million (pro forma trailing 12 months).
