United Rentals has acquired Rent World, a construction equipment rental company with two facilities in Wainwright, Alberta, Canada. Rent World serves the fast-growing Keystone Pipeline marketplace in central Alberta. Rent World is located a couple of hours southeast of Edmonton and is the closest rental center to Hardisty, Alberta, in the heart of the Keystone pipeline/oil sands region, a petroleum industry hub.
The company, which also does significant business with a nearby military base, has a general contractor equipment inventory including aerial equipment, earthmoving and air compressors. Former owner Orlando Radies will stay on and manage the facility.
Fred Hageman, principal of Rental Acquisitions LLC, represented Rent World in the transaction.
Based in Stamford, Conn., United Rentals is No. 1 on the RER 100.