United Rentals Acquires Gulf Rental Specialist
United Rentals, Inc. announced that it has acquired the power and HVAC assets of Blue-Stream Services, LLC, an equipment rental services provider in the Gulf Coast region. No financial details were disclosed.
The four Blue-Stream locations in New Iberia and Baton Rouge, La., and Dallas and Houston, Texas, serve diverse end markets including oil and gas, disaster recovery, industrial, construction and entertainment. Along with its rental activities, Blue-Stream is also an authorized dealer for Gillette, Doosan, Kubota and Cummins Power generation gen-sets.
“The Blue-Stream acquisition expands the footprint of our Power and HVAC specialty rental operations in the Gulf and deepens our presence in attractive end markets,” said Paul McDonnell, senior vice president – operations for United Rentals. “This is a high-margin business with an experienced team and strong customer relationships. It offers significant cross-selling opportunities with our broader network.”
United Rentals is one of the largest equipment rental companies in the world, with an integrated network of 876 rental locations in 49 states and 10 Canadian provinces. The company offers approximately 3100 classes of equipment for rent with a total original cost of $7.99 billion.