Matthew Flannery Related Content

United Rentals Completes Acquisition of Ahern Rentals for $2B

United Rentals completed its previously announced acquisition of the assets of Ahern Rentals for approximately $2 billion in cash. The transaction and related expenses were funded through newly issued senior secured notes and existing capacity under the company’s ABL facility. read more

United Rentals Enters Agreement to Acquire Ahern Rentals for $2B

United Rentals entered into an agreement to acquire the assets of the family-owned Ahern Rentals, founded in 1953, for roughly $2 billion in cash. The transaction is expected to close before the end of 2022. read more

United Rentals Names Grace CFO

United Rentals appointed Ted Grace executive vice president and CFO. Grace had served as interim CFO of United Rentals since July 29 and as the company’s primary investor contact since 2016. read more

United Rentals Invests in Ford Electric Trucks for North American Fleet

United Rentals entered a new agreement with Ford Pro to purchase all-electric vehicles for its North American rental and company fleets. The agreement initially includes orders for 500 F-150 Lightning trucks and 30 E-Transit vans, with 120 of the trucks and all 30 vans to be delivered in 2022. read more

Fenton to Retire as Head of Business Development at United Rentals

Jeff Fenton, senior vice president of business development at United Rentals, will retire on June 30. He will be succeeded by Alfredo Barquin, who will lead the company’s M&A growth strategy as vice president of business development. read more

United Rentals Acquires General Finance for $996MM

United Rentals and General Finance entered into a definitive agreement under which United Rentals will acquire General Finance for $19 per share in cash, representing a total enterprise value of approximately $996 million, including the assumption of $400 million of net debt. read more

United Rentals Acquires Franklin Equipment

United Rentals acquired Franklin Equipment, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast United States. read more

United Rentals Reports 10.1% Y/Y Decline in Q4/20 Rental Revenue

United Rentals, an equipment rental company, reported financial results for Q4/20. The company achieved total revenue of $2.279 billion, including rental revenue of $1.854 billion, which represented a 10.1% year-over-year decrease. read more

United Rentals Aims to Cut Greenhouse Gas Emissions 35% by 2030

United Rentals released its 2019 corporate responsibility report, including a new goal for a 35% reduction in the intensity of greenhouse gas emissions from direct operations by 2030. read more

United Rentals Promotes McDonnell to CCO, Asplund to COO

New United Rentals President and CEO Matthew Flannery finalized his executive leadership team, promoting Paul McDonnell to chief commercial officer and Dale Asplund to chief operating officer. read more

United Rentals Promotes Flannery to CEO

United Rentals promoted President and COO Matthew Flannery to chief executive officer. He will retain the president role. Flannery succeeds Michael Kneeland who will continue to serve as non-executive chairman. read more

Flannery Appointed President of United Rentals

Matthew Flannery was appointed president of United Rentals in addition to his responsibilities as chief operating officer. read more

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