United Rentals of Canada is acquiring the assets of WesternOne Rentals & Sales.
The transaction, valued at about $120 million, is expected to close before the end of the year, if it is approved by the shareholders of parent company WesternOne Inc. and other customary conditions.
The deal is not contingent on financing, and is not expected to have a material impact on the revenue or earnings of United Rentals.
“The acquisition of WesternOne Rentals & Sales will expand both our general rental and specialty offerings in key Canadian provinces,” said Michael Kneeland, chief executive officer of United Rentals.
“WesternOne’s aerial and portable heat rentals dovetail with our own range for construction and industrial customers. We’ll also gain scale and diversification in two areas: the sports and entertainment vertical, with a focus on film and television production, and a comprehensive propane and diesel fuel service.”
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WesternOne is a regional equipment rental provider of aerial lifts and heat solutions in Western Canada, with additional offerings of temporary power, general construction equipment and fuel delivery.
The company’s 12 locations and about 330 employees serve primarily non-residential construction and industrial customers in Alberta, British Columbia and Manitoba, with a presence in the sports and entertainment vertical.
“In addition, the combination directly aligns with our vision for customer service. We particularly like the fact that WesternOne’s culture focuses on people and innovation,” Kneeland said. “In addition to cross-selling our equipment and services, we’ll be able to give our combined customer base the benefit of new expertise and a larger pool of shared technology. We look forward to welcoming WesternOne employees to United Rentals.”
United Rentals is the largest equipment rental company in the world. The company has a network of 1,075 rental locations in North America and 11 in Europe. In North America, the company operates in 49 states and every Canadian province.