Stamford-based United Rentals to acquire construction company for $1.1 billion

United Rentals, the world’s largest equipment-rental company, announced this week that it agreed to acquire construction company Yak Access for about $1.1 billion from private equity firm Platinum Equity. The products and services of Hattiesburg, Mississippi-based Yak include approximately 600,000 hardwood, softwood and composite mats; temporary and permanent access roads; site evaluation; design and installation of access plans; and mat removal and logistics. The transaction is expected to be completed in the first quarter of 2024; the first quarter ends on March 31.

Share This Article: