Longtime S&C client United Rentals Inc., the largest equipment rental company in the world, has agreed to acquire General Finance Corporation for $996 million. The April 15 announcement of the deal comes one day after United Rentals completed its acquisition of Franklin Equipment, a regional provider of equipment rentals and sales.
The General Finance deal will establish United Rentals as a leader in the mobile storage and modular office sectors in key markets.General Finance, which operates as Pac-Van and Container King in the United States and Canada, and as Royal Wolf in Australia and New Zealand, is a leading provider of mobile storage and modular office space. Its network of 106 branches serves diverse end markets, including construction, commercial, industrial, retail, transportation, petrochemical, consumer, natural resources, governmental and education.
The S&C team on the General Finance deal includes Frank Aquila and Julia Kim. Heather Coleman and Katherine Nemeth advised on executive compensation matters. Neal McKnight, John Anselmi and Joyce Kwok advised on financing matters. Ronald Creamer Jr. and Jameson Lloyd advised on tax matters. Mehdi Ansari advised on intellectual property matters. Matthew Brennan advised on environmental matters. Steven Holley and Eric Queen advised on antitrust matters.
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