United Rentals, Inc., the largest equipment rental company in North America, announced on July 31, 2018 that it has completed its previously announced acquisition of BakerCorp International Holdings, Inc. a leading multinational provider of tank, pump, filtration and trench shoring rental solutions for a broad range of industrial and construction applications for a total purchase price of approximately US$715 million. The transaction was funded through a combination of cash and available capacity on the company’s senior secured asset-based revolving credit facility.
Fasken advised United Rentals, Inc. with respect to Canadian aspects of the transaction with a team led by John Sabetti and including Leslie Rose and Laura Konkel (corporate/securities), Mitchell Thaw (tax) and Scott Ma (real estate).
