Platinum Equity to exit BlueLine Rental in $2.1 bln sale
United Rentals Inc said Sept. 10 that it agreed to buy BlueLine Rental for about $2.1 billion. Platinum Equity is the seller. Blue Line, of The Woodlands, Texas, is an equipment rental company that serves more than 50,000 customers in the construction and industrial sectors with a focus on mid-sized and local accounts. Morgan Stanley & Co LLC and Centerview Partners provided financial advice to United Rentals, while Sullivan & Cromwell LLP acted as legal adviser. Barclays and Catalyst Strategic Advisors acted as financial advisers to Platinum Equity, and Latham & Watkins LLP acted as legal adviser.
10 September 2018•9 mins read
