You might also like
United Rentals, Inc. (URI) is the largest equipment rental company in the world, primarily operating in the United States and Canada, with a limited presence in Europe, Australia, and New Zealand. The company rents out approximately 5,000 classes of equipment to a diverse customer base, including construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities . URI's business is divided into two main segments: general rentals and specialty rentals, with equipment rentals representing a significant portion of its revenue . The company also sells new and used rental equipment, contractor supplies, parts, and services .
- General Rentals - Provides construction, aerial, industrial, and homeowner equipment for rent, serving a wide range of customers from construction companies to individual homeowners.
- Specialty Rentals - Offers trench safety equipment, power and HVAC equipment, fluid solutions, mobile storage, modular office space, and surface protection mats, focusing on cross-selling and geographic expansion for growth opportunities .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Matthew J. Flannery ExecutiveBoard | President and Chief Executive Officer | None | Matthew J. Flannery has been the CEO since 2019, previously serving as President and COO. He joined URI in 1998 and has held various leadership roles. | View Report → |
Andrew B. Limoges Executive | Vice President, Controller, and Principal Accounting Officer | None | Joined URI in 2017, became VP, Controller, and Principal Accounting Officer in 2018. | |
Anthony S. Leopold Executive | Senior Vice President, Chief Technology & Strategy Officer | None | Joined URI in 2010, left briefly, returned in 2019, and became Chief Technology & Strategy Officer in 2024. | |
Craig A. Pintoff Executive | Executive Vice President and Chief Administrative Officer | Board Member at United Rentals (North America), Inc. | Joined URI in 2003, has served as EVP and CAO since 2017, overseeing HR, Safety, IT, and Legal functions. | |
Joli L. Gross Executive | Senior Vice President, Chief Legal & Sustainability Officer | Director at GXO Logistics, Board Member at Family Centers and Mystic Aquarium | Joined URI in 2002, currently SVP, Chief Legal & Sustainability Officer, and Corporate Secretary. | |
Michael D. Durand Executive | Executive Vice President and Chief Operating Officer | None | Joined URI in 2002, became COO in 2023. He has held various roles including SVP of Sales and Operations. | |
William E. (Ted) Grace Executive | Executive Vice President and Chief Financial Officer | None | Joined URI in 2016 as VP of Investor Relations, became CFO in 2022. He has over 20 years of experience in financial services. | |
Bobby J. Griffin Board | Lead Independent Director | Director at WESCO International, Inc. | Joined URI's Board in 2009, became Lead Independent Director in 2019. | |
Francisco J. Lopez-Balboa Board | Board Member | Trustee and Treasurer at St. Mark’s School, Emeritus Trustee at Columbia University | Joined URI's Board in 2022, serves on Audit and Compensation Committees. | |
Gracia C. Martore Board | Board Member | Director of Omnicom Group, Inc., WestRock Company, Chair of The Associated Press board, Board Member of FM Global | Joined URI's Board in 2017, recognized for leadership and transformation expertise. | |
Kim Harris Jones Board | Board Member | Board Member at TrueBlue, Inc., Fossil Group, Inc., Ethiopian North American Health Professionals Association, Consortium for Graduate Study in Management, Harris-Jones Charitable Gift Foundation, Executive Leadership Council | Joined URI's Board in 2018, serves on Audit and Compensation Committees. | |
Larry D. De Shon Board | Board Member | Director at The Hartford Financial Services Group, Inc. and Air New Zealand Limited | Joined URI's Board in 2021, former CEO of Avis Budget Group. | |
Marc A. Bruno Board | Board Member | COO of U.S. Food & Facilities at Aramark, Board Member at Special Olympics of Pennsylvania, Alex’s Lemonade Stand Foundation, Starr Restaurant Organization | Joined URI's Board in 2018, serves on Compensation and Nominating and Corporate Governance Committees. | |
Michael J. Kneeland Board | Chairman of the Board of Directors | Non-executive Chair of Maxim Crane, Board Member of America Tire Distributors | Former CEO of URI from 2008 to 2019, became Chairman in 2019. | |
Shiv Singh Board | Board Member | CEO of Savvy Matters, LLC | Joined URI's Board in 2017, recognized for marketing and digital strategy expertise. | |
Terri L. Kelly Board | Board Member | Supervisory Board Member of ASML, Trustee of Alfred I. duPont Charitable Trust and University of Delaware | Joined URI's Board in 2018, serves on Compensation, N&CG, and Strategy Committees. |
-
"Given that equipment pricing may soften in 2025, how confident are you in your ability to continue driving rental rates higher to offset inflation, especially if the industry enters a more deflationary environment?"
-
"Your updated guidance maintains the midpoints but narrows the ranges; with the ongoing normalization of used equipment margins and the impact of fleet inflation, what factors could pressure your margins going forward, and how do you plan to mitigate them?"
-
"With new sales up significantly this quarter, partly due to acquisitions like Yak, how sustainable is this growth, and what strategies do you have to drive organic growth without relying on further acquisitions?"
-
"You mentioned not needing to be number one in every specialty category but aiming to be number one with your customers; how does this strategy affect your competitive positioning and ability to capture market share in the Specialty Rentals space?"
-
"Considering that your fleet age is at its lowest since pre-COVID, how are you balancing the need for capital efficiency with the risks of investing heavily in fleet CapEx, especially given potential shifts in demand between mega projects and local markets?"
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Yak Access, LLC, Yak Mat, LLC, and New South Access & Environmental Solutions, LLC (collectively "Yak") | 2024 | Deal Value & Structure: Acquired for an estimated $1.1 billion in cash with an additional up to $50 million contingent consideration, funded via issuance of $1.1 billion in 6 1/8 Senior Notes and drawdowns on a senior secured ABL facility. Strategic Rationale: The acquisition enabled entry into the matting market with a fleet of approximately 600,000 mats and expanded exposure in the energy and power sectors, enhancing cross-selling opportunities in construction and MRO. Key Assets: Included rental equipment, accounts receivable, property and equipment, customer relationships, and goodwill allocated to a specialty segment. |
Ahern Rentals, Inc. | 2022 | Deal Value & Structure: Acquired for $2 billion in cash on December 7, 2022, with the deal funded through newly issued senior secured notes and existing capacity under an asset-based loan facility. Strategic Rationale: The acquisition supported United Rentals’ “grow the core” strategy by expanding its geographic reach (East, West, Gulf regions) and adding a fleet of 60,000 rental assets across 106 locations. Key Assets: Brought in high-demand aerial and material handling equipment (over 75% of the fleet), approximately 2,100 employees, and 44,000 new customers to the network, with expectations of achieving significant cost and revenue synergies. |
No recent press releases or 8-K filings found for URI.