This week, United Rentals Inc. (NYSE: URI) announce that it had acquired certain assets from Cummins Inc. (NYSE: CMI). The assets acquired include power equipment and are mainly mobile rental generator sets. The company is set to begin serving the needs of former Cummins rental clients and has already put the rental equipment to good use. The Cummins mobile rental generator fleet ranges from 150 kilowatts to 2 megawatts of output.
To maintain the maximum efficiency of the fleet, United Rentals has also acquired a small number of Cummins employees. Cummins is a global leading in power generator products and will continue to manufacture new power generation products for rental markets. United Rentals Power & HVAC is a national leader of Power and HVAC products and solutions.
The company has 58 strategic locations throughout North America and provides custom and turnkey solutions for government, industrial and commercial customers. The company, which has an integrated network of 960 rental locations across 49 states, has one of the best safety records in the industry.