United Rentals Agrees To Acquire Yak Access From Platinum Equity For Approximately $1.1B In Cash
Portfolio Pulse from Benzinga Newsdesk
United Rentals has agreed to acquire Yak Access from Platinum Equity for approximately $1.1 billion in cash. This strategic acquisition is aimed at expanding United Rentals' footprint in the access equipment sector.

March 04, 2024 | 11:32 am
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United Rentals' acquisition of Yak Access for $1.1B in cash could significantly enhance its position in the access equipment sector, potentially leading to increased market share and revenue.
The acquisition of Yak Access by United Rentals for $1.1 billion in cash is a significant move aimed at expanding its market presence in the access equipment sector. This strategic acquisition is likely to enhance United Rentals' product offerings and market share, potentially leading to increased revenue and profitability in the short term. The substantial investment indicates a strong commitment to growth in this area, which could be positively received by investors.
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