United Rentals acquired Franklin Equipment, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast United States.
Franklin Equipment was founded in 2008 and has grown to 20 locations to serve general contractors in Ohio, Indiana, Wisconsin, Kentucky, Tennessee, Alabama, Georgia and South Carolina.
“Today, we welcomed over 300 new members to Team United with our acquisition of Franklin Equipment,” Matthew Flannery, president and CEO of United Rentals, said. “This transaction expands our presence in key markets for our general rentals business with an experienced team that shares our pride in delivering superior customer service.”
Sullivan & Cromwell acted as United Rentals’ legal advisor in the transaction and Lape Mansfield Nakasian & Gibson acted as Franklin Equipment’s legal advisor.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!