United Rentals Acquires Yak Access from Platinum Equity for $1.1 Billion
March 15, 2024
United Rentals has completed the acquisition of Yak Access (including Yak Mat and New South Access & Environmental Solutions) from Platinum Equity for approximately $1.1 billion in cash. Yak is a leading North American matting and ground-protection provider (≈600,000 mats, ~135 distribution points, operating in 40+ states) and reported $353 million of adjusted revenue and $171 million of adjusted EBITDA for the year ended December 31, 2023; United Rentals financed the purchase with new senior unsecured notes and available ABL capacity.
- Buyers
- United Rentals, Inc.
- Targets
- Yak Access, LLC, Yak Mat, LLC, New South Access & Environmental Solutions, LLC
- Sellers
- Platinum Equity
- Industry
- Industrial Services
- Location
- Mississippi, United States
- Transaction Type
- Buyout
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