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United Rentals $1.3 billion acquisition of Neff

14/7/2017
Public acquisition
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$ 1.3 billion

Announced

14/7/2017

Overview:

  • United Rentals has acquired Neff for $1.3 billion.
  • The transaction comes on the heels of a terminated deal between Neff and previously intended acquirer H&E Equipment Services. 
  • United Rentals paid H&E a cancellation fee on behalf of Neff.
  • Deutsche Bank acted as financial adviser to Neff.
  • The transaction is expected to close in the fourth quarter of 2017.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Construction and materials

Firms:
Davis Polk & Wardwell

Party: Deutsche Bank (Financial adviser)

Lawyer: Phillip Mills

Sullivan & Cromwell

Party: United Rentals (Acquirer)

Lawyers: Frank Aquila, Scott Crofton

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