Then-chairman and CEO Bradley Jacobs planned to grow the company through acquisition and consolidation, beginning in October 1997 with six small leasing companies scattered across North America.
In December 1997, three months after forming, United Rentals began trading on the New York Stock Exchange under the symbol URI.
The company was founded in 1997 and is headquartered in Greenwich, CT.
In June 1998, it acquired United States Rentals, Inc., for a sum variously reported as 1.2 billion and 1.31 billion.
Boulanger and Hirni gave Blackann and a House staffer an all-expenses-paid trip to Game 1 of the 2003 World Series in exchange for amendments to the Federal Highway Bill that favored United Rentals.
In 2004, the United States Securities and Exchange Commission announced it was conducting an inquiry into the accounting records of the company.
On December 26, 2006, United Rentals announced the sale of their Highway Technology division to HTS Acquisition, Inc.
On April 10, 2007, United Rentals announced that the board of directors would be exploring strategic alternatives for the entity, including a potential sale of the company. It was also announced that Wayland Hicks, CEO, would be retiring in Summer 2007.
On December 16, 2011, United Rentals and RSC Holdings, Inc. announced that they had entered into a definitive merger agreement, under which United Rentals would acquire RSC in a cash-and-stock transaction.
The merger was finalized on April 30, 2012.
In 2013, United Rentals moved its headquarters from Greenwich, Connecticut to Stamford, Connecticut.
On March 9, 2014, the company announced plans to acquire National Pump for 780 million.
In 2014, United Rentals was listed in the Fortune 500 for the first time.
On January 25, 2017, United Rentals announced the purchase of NES Rentals, a competing general equipment rentals company, for approximately 965 million. It completed the acquisition on April 3, 2017.
|Company Name||Founded Date||Revenue||Employee Size|
H&E Equipment Services1961
Trico Equipment Services-
Automatic Data Processing1949