# United Rentals to acquire Neff for $1.3 billion

United Rentals agreed to acquire Neff for $1.3 billion in cash, or $25 per share, winning a bidding war against H&E Equipment Services.

- Type: Acquisition
- Announced: 2017-08-17
- Where: United States
- Value: $1.30B
- Status: announced
- Products: equipment rental, earthmoving equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [United Rentals](https://endata.com/companies/3530.md) (acquirer)
- [Cummins](https://endata.com/companies/6668.md) (partner)
- [Neff Corp.](https://endata.com/companies/25625.md) (target)
- [Neff Rentals](https://endata.com/companies/26591.md) (target)

## Sources

- [usatoday.com](https://www.usatoday.com/story/money/2017/08/17/united-rentals-neff/575515001/), 2017-08-17: "United Rentals said Thursday that it had reached a deal to acquire Miami-based Neff, winning a bidding war in another shakeup for the equipment-rentals sector."
- [rermag.com](https://www.rermag.com/news-analysis/headline-news/article/20952206/united-rentals-to-acquire-neff-rental-in-13-billion-deal), 2017-08-17: "The acquisition of Neff Rental will add a large earthmoving fleet to complement United Rentals' strength in that category."
- [equipmentworld.com](https://www.equipmentworld.com/dealers/article/14967896/united-rentals-to-buy-neff-corporation-for-132-billion), 2017-08-17: "United Rentals has agreed to purchase Neff Corporation for $25 per share in cash, or $1.317 billion, and expects to close on the acquisition in the fourth quarter this year."
- [fuelsandlubes.com](https://www.fuelsandlubes.com/businesswire/united-rentals-expands-power-hvac-fleet-with-acquisition-of-portable-power-assets/), 2017-08-22: "We're continuing to realize strong demand for power solutions across North America."
- [ttnews.com](https://www.ttnews.com/articles/united-rentals-acquire-neff-rentals-13-billion), 2017-08-28: "The acquisition of Neff is a significant opportunity for us."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.