Mergers / Acquisitions

United Rentals to Acquire RSC Holdings in $4.2B Deal

United Rentals and RSC Holdings said they have entered into an agreement under which United Rentals will acquire RSC in a cash-and-stock transaction valued at $4.2 billion, including $2.3 billion of net debt. read more

Volvo Rents Acquires Wichita's R-Quip Equipment Rentals

Volvo Rents added to its ongoing roll of acquisitions with the purchase of Richardson Equipment, doing business as R-Quip Equipment Rentals, based in Kansas, the Rental Equipment Register reported. read more

TCF Financial Closes Acquisition of Gateway One Lending

TCF Financial said that its wholly owned subsidiary, TCF National Bank, has completed its previously announced acquisition of Gateway One Lending & Finance. With the completion of the transaction, Gateway One is now a wholly-owned subsidiary of TCF National Bank. read more

Sunbelt Rentals Acquires Pacific High Reach

Rental Equipment Register reported that Sunbelt Rentals has acquired Southern California aerial rental business Pacific High Reach & Equipment Services, acquiring substantially all its assets under Section 363 of the bankruptcy code for about $17.4 million. read more

MEI Healthcare Launches Leasing Program With Biologics Modular

Biologics Modular said it has entered into an agreement with MEI Healthcare Capital to provide a leasing program for cleanrooms and manufacturing facilities for Biologics' current and potential customers. read more

Original Joe's Signs Deal to Buy Elephant & Castle

An affiliate of the Original Joe's restaurant chain has signed a deal to acquire Elephant & Castle Group, an operator of British-style restaurant pubs, for $22.75 million. The company owes GE Canada Equipment Financing $18.8 million and Fifth Street Finance $3.5 million, a BusinessWeek article said. read more

Odyssey Investment Acquires TNT Crane and Rigging

Odyssey Investment said it acquired TNT Crane and Rigging from MML Capital. TNT is a mobile crane rental company serving the Texas, Louisiana and Oklahoma region. read more

Platinum Equity Acquires Fleet Equipment Rental Company NESCO

Platinum Equity and Hammond, Kennedy, Whitney said that Platinum Equity has acquired fleet equipment rental company NESCO from an investor group led by HKW. NESCO founder and CEO Rob Troxel will retain an ownership stake. read more

Titan Machinery to Acquire Van Der Werff Implement

Titan Machinery said it has entered into a definitive agreement to acquire Van Der Werff Implement, a Case IH and New Holland agriculture equipment dealership located in Platte, SD. The acquisition is expected to close on or around November 1, 2011. read more

American Equipment Finance Joins Ascentium Capital

Ascentium Capital announced its merger with American Equipment Finance and the appointment of Richard A. Baccaro as EVP of Sales and Marketing responsible for managing the sales operations of Ascentium Capital. Len Baccaro, as SVP of Sales, will be responsible for direct originations in the Petroleum, Convenience Store, Car Wash and Franchise Industries. read more

TCF Financial To Acquire Gateway One Lending & Finance

TCF Financial said it has signed an agreement to acquire Gateway One Lending & Finance. Gateway One, which has a managed portfolio of $406 million, originates loans to consumers through 3,100 active dealerships in 30 states. read more

SunGard Creates Ambit Asset Finance Through Acquisition

SunGard said it acquired Northern Arch's 42 solution, a global leasing and financing process management solution. The acquisition creates a new business within SunGard for asset finance and leasing, which will be integrated into SunGard's Ambit solution portfolio within the corporate banking business unit. read more

Engine Lease Finance to Acquire Macquarie's Air Engine Assets

Engine Lease Finance said it entered into an agreement with Macquarie to acquire 47 aircraft engine assets. Upon completion of the transaction, ELFC's owned and managed portfolio will include close to 300 modern aircraft engines. read more

Titan Machinery Closes Two Equipment Dealership Acquisitions

Titan Machinery said it closed on two acquisitions in Nebraska. Virgl Implement consists of one Case IH agriculture equipment dealership and Victors consists of one Case IH agriculture equipment dealership. read more

Hertz Closes Acquisition of Fleet Leasing Firm Donlen

Hertz Global Holdings said it completed the acquisition of Donlen Corporation, a fleet leasing and management services firm. Hertz funded the acquisition with $177 million in cash proceeds and assumed $770 million in Donlen fleet debt. read more

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