Expanding Specialty Business and Cross-Selling Opportunities
- United Rentals to acquire Yak Access for $1.1 billion in cash
- Yak Access is a supplier of temporary access mats
- Yak generated $353 million in adjusted revenue and $171 million in adjusted earnings before interest, taxes, depreciation, and amortization last year
- The acquisition adds a new adjacency for United Rentals’ specialty business
- Immediate cross-selling opportunities to current and new customers
- The deal is expected to close later this month
United Rentals has announced its acquisition of Yak Access, a supplier of temporary access mats, for $1.1 billion in cash. Yak Access, with a fleet of 600,000 mats, generated $353 million in revenue and $171 million in earnings before interest, taxes, depreciation, and amortization last year. The acquisition will add a new adjacency to United Rentals’ specialty business and provide immediate cross-selling opportunities to current and new customers. The deal is expected to close later this month.
Factuality Level: 9
Factuality Justification: The article provides factual information about United Rentals acquiring Yak Access, including details about the deal, financial figures, and the companies involved. There are no apparent digressions, misleading information, sensationalism, redundancy, or biased opinions present.
Noise Level: 3
Noise Justification: The article provides relevant information about United Rentals acquiring Yak Access, including details about the deal, financial figures, and future plans. It stays on topic and does not contain irrelevant or misleading information. However, it lacks in-depth analysis, accountability, and scientific rigor, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: The acquisition of Yak Access by United Rentals may impact the financial markets and companies in the equipment rental industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses a financial transaction involving the acquisition of Yak Access by United Rentals. This acquisition may have implications for the financial markets and companies in the equipment rental industry. However, there is no mention of any extreme events in the article.
Public Companies: United Rentals (URI)
Private Companies: Platinum Equity,Yak Access,Jones Cos.,Beasley Forest Products
Key People: Colin Kellaher (Author)
Reported publicly:
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