United Rentals announced that United Rentals of Canada, a wholly-owned subsidiary of the company, has completed the previously announced acquisition of WesternOne Rentals & Sales LP for a cash purchase price of approximately $90.4 million. The transaction is not expected to have a material impact on the revenues or earnings of United Rentals, the company said.
WesternOne is a leading regional equipment rental provider in Western Canada. The acquisition expands United Rentals’ service to construction and industrial customers in the provinces of Alberta, British Columbia and Manitoba with a larger offering of general construction equipment and portable heat solutions. Also, the company establishes a greater presence in the sports and entertainment market and gains a comprehensive propane and diesel fuel service.
“The WesternOne acquisition deepens our presence in key markets in Western Canada, with a dual benefit to our core business and specialty operations,” said United Rentals CEO Michael Kneeland. “In addition, our regional penetration of the sports and entertainment vertical gives us new expertise to leverage for customers across North America. I’m pleased to welcome the WesternOne employees and customers to United Rentals.”
