Full Description

United Rentals, Inc. (United Rentals), incorporated in 1997, is an equipment rental company. The Company’s network consisted of 628 rental locations in the United States, Canada and Mexico. It offers for rent over 2,800 classes of rental equipment, including heavy machines and hand tools, to customers that include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others. As of December 31, 2008, the Company’s fleet of rental equipment included over 245,000 units. In September 2008, the Company acquired U-Rent-It, Inc. (U-Rent-It). In July 2009, the Company acquired the operating assets of Leasco Equipment Services, Inc., a rental company that serves the industrial sector with a focus on power generation, petroleum, chemical, and pulp and paper companies.

The fleet included general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earth-moving equipment, material-handling equipment, compressors, pumps and generators; aerial work platforms, such as scissor lifts and boom lifts; general tools and light equipment, such as pressure washers, water pumps, heaters and hand tools, and trench safety equipment for underground work, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment. In addition to renting equipment, the Company sells new and used rental equipment, as well as related contractor supplies, parts and service.

Equipment Rental

United Rentals offers for rent over 2,800 classes of rental equipment on an hourly, daily, weekly or monthly basis. The types of equipment that it offers include general construction and industrial equipment; aerial work platforms; trench safety equipment, and general tools and light equipment.

Used Equipment Sales

The Company routinely sells used rental equipment and invests in new equipment in order to manage repairs and maintenance costs, as well as the age, composition and size of its fleet. It also sells used equipment in response to customer demand for this equipment. United Rentals principally sells used equipment through its national sales force, which can access many resale markets across North America. It also sells used equipment through its Website, which includes an online database of used equipment available for sale. In addition, the Company holds United Rentals Certified Auctions on eBay to provide customers with another convenient online tool for purchasing used equipment.

New Equipment Sales

United Rentals sells equipment for many equipment manufacturers. The manufacturers that it represents and the brands that it carries include Genie, JLG and Skyjack (aerial lifts); Multiquip, Wacker and Honda USA (compaction equipment, generators and pumps); Sullair (compressors); Skytrak and Lull (rough terrain reach forklifts); John Deere and Takeuchi (skid-steer loaders and mini-excavators); Terex (telehandlers), and DeWalt (generators). The type of new equipment that it 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 Revenue

United Rentals offers repair and maintenance services, and sells parts for equipment that is owned by the Company’s customers. The Company’s target customers for service and other revenue are its existing rental customers, as well as those who purchase both new and used equipment from its branches.

RENTALMAN and INFOMANAGER Software

The Company has two subsidiaries that are involved in the development and marketing of software. One of the subsidiaries develops and markets its RENTALMAN software package, which is an enterprise resource planning application used by United Rentals and several other equipment rental companies. The other subsidiary develops and markets its INFOMANAGER software, which provides a solution for creating an advanced business intelligence system. INFOMANAGER helps with extracting raw data from transactional applications and transforming it into meaningful information and saving it into a database that is specifically optimized for analytical use.