United Rentals acquires National Pump

|By:, SA News Editor

United Rentals (URI) acquires National Pump and GulfCo for $780M

The acquisition gives the company an entry into the pump business and natural cross-selling opportunities.

The deal is expected to be accretive to United Rentals EPS this year. 2014 EBITDA is now forecast to be $2.55B-$2.65B.