Home Fairfield United Rentals acquires BakerCorp International Holdings for $715 million

United Rentals acquires BakerCorp International Holdings for $715 million

Stamford-based United Rentals Inc. has acquired BakerCorp International Holdings Inc. for $715 million in cash.

Headquartered in Seal Beach, California, BakerCorp is a provider of tank, pump, filtration and trench shoring rental solutions for industrial and construction applications. The company has approximately 950 employees at 46 locations across the U.S. and Canada and 11 locations in France, Germany, the Netherlands and the U.K., as well as a customer base of more than 4,800. For the 12-month period ending May 31, BakerCorp generated $79 million of adjusted EBITDA at a 26.9 percent margin on $295 million of total revenue.

“We’re very pleased to announce an agreement to acquire BakerCorp, an expert in fluid solutions and a highly regarded, customer-focused operation,” said Michael Kneeland, CEO at United Rentals. “We’re gaining a terrific team that shares our strong commitment to safety and customer service and operations that complement our North American pump and trench offerings. This transaction will also be our company’s first experience in Europe, where BakerCorp has established an attractive, fast-growing business with significant future opportunity.”

Previous articlePatriot completes $10M subordinated debt offering
Next articleFour county-based investment advisory firms make FT 300 list
Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.


Please enter your comment!
Please enter your name here