URI - Heavyweight Deal: United Rentals Buys Yak Access In A Billion-Dollar Move To Reinforce Its Specialty Business | Benzinga
Equipment rental company United Rentals, Inc (NYSE:URI) has entered into a definitive agreement to acquire Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC from Platinum Equity for approximately $1.1 billion in cash.
Yak is a known player in the North American matting industry, with a fleet of about 600,000 hardwood, softwood, and composite mats. It provides surface protection across both construction and maintenance, repair and operations (MRO) applications.
For the year ended December 31, 2023, Yak generated $171 million of adjusted EBITDA on $353 ...