United Rentals, Inc. has merged with RSC Holdings Inc. and has completed several internal restructuring transactions in connection therwith

Duff & Phelps Provided a Fairness Opinion to United Rentals, Inc.

Duff & Phelps acted as independent financial advisor to the Board of Directors (the “Board”) of United Rentals, Inc. (the “Company”) in its acquisition of RSC Holdings Inc. in a cash-and-stock transaction (the “Merger”) valued at $18.00 per share at the time of announcement and implying a total enterprise value of $4.2 billion, which includes $2.3 billion of net debt. As part of the RSC acquisition, the Company merged all of RSC’s U.S. domestic subsidiaries, including RSC’s principal operating subsidiary, RSC Equipment Rental, Inc., and certain of the Company’s existing subsidiaries, including United Rentals Northwest Inc. and United Rentals (North America), Inc., into a newly formed operating company (the “Reorganization”). The new company became URI’s sole operating subsidiary in the United States and was renamed United Rentals (North America), Inc. (“New URNA”).

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of more than 970 rental locations in 48 states and 10 Canadian provinces. The Company's 12,000 employees serve construction and industrial customers, utilities, municipalities, homeowners and others.

Transaction Role

Duff & Phelps acted as the independent financial advisor to the Board of Directors of United Rentals, and issued solvency opinion in connection with the Merger and a fairness opinion in connection with the Reorganization.

 
2012-12-28T00:00:00.0000000 /-/media/assets/images/transactions/2017/united-rentals.ashx /about-us/transactions/fairness-opinions/fairness-opinion-united-rentals-inc-2 case study {D59CA77E-C551-45A3-BE89-F567210C5A60} {C91DEFE0-8446-4573-8D7B-6D30B0BA9D81} {E010DCD9-B7BA-4B98-9F3C-A51506B5C1D8} {4DACD310-421A-42AC-BEF4-8AA7E70484CD} {D3AE3EC6-3254-4441-B111-1AF8D558906C} {46C15BB5-0833-4B51-B9BD-6E99C50DB149}

Related Services

Duff & Phelps Corporate Finance

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance
Duff & Phelps Corporate Finance

Corporate Finance

Fairness Opinions

#1 ranked provider of fairness opinions for boards of directors and special committees.

Fairness Opinions
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Valuation Services

Objective valuations for financial reporting, tax and management planning purposes.

Valuation Services
Duff & Phelps Corporate Finance

Corporate Finance

M&A Advisory

Middle-market M&A advisory differentiated by industry expertise and superior deal execution.

M&A Advisory
Duff & Phelps Corporate Finance

Corporate Finance

Transaction Advisory Services

Seamless analytical advisory through the deal continuum, from transaction origination to closing.

Transaction Advisory Services

Related Case Studies

Insights

News

Events