United Rentals Inc

URI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$622.00	Kmxcl	Tcwfxjnlv

United Rentals: We Believe the Yak Access Acquisition Will Strengthen Its Specialty Business

Dawit Woldemariam

Mar 4, 2024

On March 4, United Rentals announced that it is acquiring Yak Access, a specialty player, for $1.1 billion in cash. The company is planning to use a mix of new debt financing and existing access to credit facilities to fund the deal. Management expects the deal to be accretive to earnings and free cash flow immediately. The deal is expected to close in the current fiscal quarter. We don’t see any potential challenges arising that would prevent the company from closing the deal soon.

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