United Rentals

United Rentals, Inc. (NYSE: URI) is the world's largest equipment rental company. Founded in 1997, United Rentals has grown into a global leader in the equipment rental industry, with operations across North America, Europe, Australia and New Zealand. The company provides a wide range of equipment for rent to construction, industrial, utility, and homeowner customers. United Rentals went public in 1997 and has since expanded significantly through both organic growth and strategic acquisitions.

United Rentals offers equipment rentals across several categories:

• General construction and industrial equipment - including aerial work platforms, material handling equipment, and earthmoving machinery

• Specialty solutions - such as trench safety equipment, power and HVAC systems, and fluid solutions

• Tools and light equipment - ranging from handheld power tools to small equipment like air compressors

• Technology offerings - including equipment tracking and management solutions through the company's Total Control platform

United Rentals has continued to expand its operations and capabilities. In December 2022, the company completed its USD 2 billion acquisition of Ahern Rentals, significantly expanding its presence in key markets. United Rentals has also been focusing on sustainability initiatives, with 31% of its rental fleet consisting of electric or hybrid equipment as of 2022. The company introduced an emissions tracking tool for customers and has set targets to reduce its own environmental impact. For 2024, United Rentals projects total revenue between USD 14.7 billion and USD 15.2 billion, driven primarily by growth in equipment rental revenue rather than equipment sales. The company sees continued strong demand across sectors like infrastructure, non-residential construction, and manufacturing.