Manufacturing & Construction

United Rentals, Inc.

Company Profile Analysis

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United Rentals, Inc. - Manufacturing & Construction showcase

Year Founded & Workforce

1996-12-31

20,400 Employees

Industry

Manufacturing & Construction

Services

U

United Rentals, Inc. Overview

Company Headquarters: Connecticut, USA

Founded: 1997

Workforce: ~ 20,400

Company Working: United Rentals, Inc. offers rental equipment for construction and industrial manufacturers, utilities, municipalities, and government entities. The company operates through two reportable business segments, namely, General Rentals and Trench, Power and Pump. The company operates its construction equipment rentals business through its “general rentals” segment. The company operates through the United States and Canada. The company has an established foothold in North America and holds number one position in the United States. United Rentals operates through a network of 997 rental locations in 49 US states and all Canadian provinces. The company serves 99 of the largest 100 metropolitan areas in the United States. The company's customers include construction companies, industrial companies, manufacturers, utilities, municipalities, and homeowners. Geographic and customer diversity allows United Rentals to better serve national account customers in multiple locations. It also reduces the company's dependence on any particular customer, and helps it to achieve favorable resale prices by allowing access to used equipment resale markets across North America.

United Rentals, Inc. offers rental equipment to construction and industrial sectors, manufacturers, utilities, municipalities, homeowners, and government entities. The company also sells new and used rental equipment, and provides related service and contractor supplies. It offers for rent approximately 3,400 classes of rental equipment. United Rentals' customer service network comprises 997 rental locations in the United States and Canada, as well as centralized call centers and online capabilities. The company operates through two segments, namely, General Rentals and Trench, Power and Pump, which generated revenue of US$5,565 million and US$1,076 million, respectively.

Strategy

The primary strategic areas of the company’s capital are to optimize customer mix and fleet mix to provide better services to target customers, mainly large construction and industrial customers, to continue focus on lean management techniques, like kaizen, across its branch network to reduce the rent equipment cycle time and elapsed time for equipment pickup and delivery and enhance effectiveness and efficiency of equipment repair and maintenance operations. The company aims to expand the trench, power, and fluid solutions’ footprint and open at least 25 specialty rental branches/tool hubs/onsite services locations in 2020, to pursue strategic acquisitions to expand the core equipment rental businessL&T’s 5-year Strategic Plan, ‘Lakshya’, is developed through a collaborative and consultative process across the organization. The Lakshya 2026 plan targets to achieve value accretive growth in the existing businesses through a multipronged approach like selective project bidding, targeting opportunities in line with global ESG trends, riding the momentum in existing and emerging technological trends for services, rejigging business offerings and driving profitability through operational excellence, value engineering and digitalization initiatives.

Company Snapshot

$8,530M

Revenue

20,400

Employees

1996-12-31

Founded

Connecticut, USA

Headquarters

SWOT Analysis

Strengths

  • A strong market position showcases the company’s performance against its peers in specific areas. The company occupies about 13% share of the North American market.
  • The strong brand value of the company helps it to establish itself as a provider of rental of construction and industrial equipment.

Weaknesses

  • Overdependence on the US market for a large proportion of its revenue.
  • The declining net working capital of the company affects its short term operations.

Opportunities

  • The positive outlook of the construction industry and equipment rental market helps the company increase its presence.
  • The company expands its business operations through strategic acquisitions to maintain its competitive position in the industry.

Threats

  • The stringent regulations at federal, state, and local levels for introduction and deployment of equipment may lead to delayed deliveries of its products to customers.
  • Increasing manpower costs could increase the company’s operating costs and hamper its profits.

Key Developments

DateApproachDevelopment
February 2023AcquisitionUnited Rentals has acquired ABLE Equipment Rental, a privately-owned, independent equipment rental company that employs more than 300 staff members across its nine locations along the East Coast.
December 2022AcquisitionUnited Rentals announced acquisition of the assets of Ahern Rentals, Inc. for approximately $2.0 billion in cash. The transaction adds approximately 2,100 employees, 60,000 rental assets and 106 locations to United Rentals in the United States, and makes the company’s specialty rental solutions available to thousands of new construction and industrial customers.
November 2018AcquisitionUnited Rentals acquired WesternOne, a leading regional equipment rental provider in Western Canada, with a view of larger offering of general construction equipment and portable heat solutions.
Oct 2018AcquisitionUnited Rentals announced that the company successfully completed the acquisition of BlueLine from Platinum Equity. BlueLine is one of the ten largest equipment rental companies with presence in 114 locations across 25 US states, Canada, and Puerto Rico.
July 2018AcquisitionUnited Rentals, Inc. has announced acquisition of BakerCorp. International Holdings Inc. for USD 715 million.
October 2017AcquisitionUnited Rentals, Inc. announced the acquisition of Neff Corporation. This acquisition would enhance the company’s earthmoving capabilities and efficiencies of scale in key market areas
April 2017AcquisitionUnited Rentals acquired NES Rentals to increase the company's presence in the market.

Product Offering

  • United Rentals, Inc.
    • Global Construction Equipment Rental Market
    • Construction Equipment Rental Market

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles United Rentals, Inc. as part of our ongoing coverage of the Manufacturing & Construction sector, drawing on public company data, filings, and market intelligence.

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

United Rentals, Inc.

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