The two largest American rental companies are merging.United Rentals Inc. on Dec. 16 inked a deal to buy RSC Holdings Inc. for $1.9 billion. As part of the deal, which United expects to close in the first half of next year, United will also assume $2.3 billion in debt, for a total value of $4.2 billion."This transaction marks a transformative moment in our company's history," says Michael Kneeland, United's president and CEO. "Combining the experience and resources of two top-performing equipment rental companies creates an exceptional company." Kneeland plans to stay in his position after the closing.Erik Olsson, RSC's president
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.