Atlas Copco last week said it completed its divestment of Rental Service Corp. to affiliates of private equity firms Ripplewood Holdings and Oak Hill Capital Management. The company announced in early October that it sold 85 percent of its RSC assets to the private equity firms for about $3.8 billion.
An adjustment of the closing payment may take place after the closing balance sheet as of Nov. 27, has been finalized. The Stockholm, Sweden-based manufacturer has retained a 14.5-percent share in the rental company.
Based in Scottsdale, Ariz., RSC Equipment Rental is No. 2 on the RER 100.