United Rentals and Neff Gain Anti-Trust Approval on Pending Acquisition

The U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the pending acquisition of Neff by United Rentals, United and Neff announced today.

Michael Roth

Sept. 25, 2017

The acquisition still subject to other customary closing conditions is expected to close in early October — The acquisition, still subject to other customary closing conditions, is expected to close in early October.

The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions. United Rentals has reaffirmed its expectation that the transaction will close in early October.

United Rentals agreed to acquire Neff Rentals last month in a $1.3 billion deal.

United Rentals, based in Stamford, Conn., is No. 1 on the RER 100. Neff Rental, headquartered in Miami, is No. 10.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.