RER Magazine

SUBSCRIBE NOW!

Newsletters

SUBSCRIBE NOW!

 

Blog

Newsletters

Stay up-to-date on the latest marketing intelligence and opportunities.

RER Reports RER ProductWire
Subscribe

Issue Archive

Event Calendar

The Rental Show– New Orleans, LA
February 6-8, 2012

» More events and information

Social Media

More ways to stay informed...

  

follow us on twitter

Find us on Facebook


Private Equity Group Cancels Agreement to Acquire One Source

Oakmont Acquisition Corp. said it has terminated its previously announced agreement to acquire One Source Equipment Rental. Oakmont announced last summer an agreement to acquire One Source, a company that focuses on the industrial and general construction market and has locations in Dayton, Ohio; Lafayette, Ind.; and Decatur, Granite City and Morton, Ill.

One Source generated net revenue of about $20.2 million in 2005, with unadjusted EBITDA of about $8.3 million and more than $13 million in rental revenue.

“Although we had high expectations for the OSE transaction, we could not overcome certain unexpected technical issues that make the closing of the transaction impractical,” said Robert Skandalaris, Oakmont’s chairman and CEO. Oakmont said it terminated the agreement because of certain technical issues related to an audit scope qualification contained in the audit report issued in conjunction with One Source’s 2003, 2004 and 2005 financial statements.

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

most recent story

popular articles

Popular Articles

Recent Comments

Stock Block

Buyers Guide

Buyers Guide

The RER Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for.

Learn More
Sourcebook

Rental Rate Guide

Rental Rate Guide 2012

Want to know how much equipment is renting for these days? Find out in RER's original 2012 Rental Equipment Rate Guide.

Learn MoreAdd to Shopping Cart
Sourcebook