Profile: United Rentals Inc (URI.N)
14 Mar 2014
United Rentals, Inc. (United Rentals), incorporated on July 20, 1998, is a holding company. The Company primarily conducts its operations through its wholly owned subsidiary, United Rentals (North America), Inc., and its subsidiaries. The Company is an equipment rental company and its network consists of 836 rental locations in the United States and Canada. The Company operates in two segments: general rentals and trench safety, power and HVAC. The general rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The general rentals segment’s customers include construction and industrial companies, manufacturers, utilities, municipalities and homeowners. The general rentals segment comprises 12 geographic regions-Eastern Canada, Gulf South, Industrial, Mid-Atlantic, Mid-Central, Midwest, Mountain West, Northeast, Northwest, South, Southeast and Southwest-and operates throughout the United States and Canada. The trench safety, power and HVAC segment includes the rental of specialty construction products and related services. The trench safety, power and HVAC segment’s customers include construction companies involved in infrastructure projects, municipalities and industrial companies. This segment operates throughout the United States and in Canada. On April 30, 2012, the Company acquired 100% shares and voting interest of RSC Holdings Inc.
The Company offers3,300 classes of equipment for rent to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. As of December 31, 2012, its fleet of rental equipment included approximately 400,000 units.
The Company offered for rent approximately 3,000 classes of rental equipment on an hourly, daily, weekly or monthly basis as of December 31, 2012. The types of equipment that the Company offered include general construction and industrial equipment; aerial work platforms; trench safety equipment; power and HVAC equipment, and general tools and light equipment.
Sales of Rental Equipment
The Company routinely sells used rental equipment and invests in new equipment in order to manage repairs and maintenance costs, as well as the composition and size of its fleet. The Company also sells used equipment in response to customer demand for the equipment.
Sales of New Equipment
The Company sells equipment for many equipment manufacturers. The manufacturers that the Company represent and the brands that the Company carry include: Genie, JLG and Skyjack (aerial lifts); Multiquip, Wacker and Honda USA (compaction equipment, generators and pumps); Sullair (compressors); Skytrak and JLG (rough terrain reach forklifts); Takeuchi (skid-steer loaders); Terex (telehandlers); and DeWalt (generators). The type of new equipment that the Company sells varies by location.
Contractor Supplies Sales
The Company sells a variety of contractor supplies including construction consumables, tools, small equipment and safety supplies. The Company’s target customers for contractor supplies are its existing rental customers.
Service and Other Revenues
The Company also offers repair, maintenance and rental protection services and sells parts for equipment that is owned by its customers. Its target customers for these types of ancillary services are its rental customers as well as those who purchase both new and used equipment from its branches.
United Rentals Inc
7TH FLOOR, 100 FIRST STAMFORD PL
STAMFORD CT 06902