United rentals to acquire yak access for $1.1 billion

Stamford, conn.--(business wire)--united rentals, inc. (nyse: uri) (“united rentals” or “the company”) today announced that it has entered into a definitive agreement to acquire yak access, llc, yak mat, llc and new south access & environmental solutions, llc (collectively, “yak”) from platinum equity (“platinum”) for approximately $1.1 billion in cash. the transaction is expected to close in the first quarter of 2024, subject to limited contractual conditions. yak is a leader in the north.
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