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