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56-452: Between 2012 and 2020, the team's title sponsors were the Dutch equipment rental company Boels Rental and Dolmans Landscaping, a Dutch civil engineering company. Both companies terminated their title sponsorship of the team at the end of the 2020 season. In February 2020, it was announced that Belgian human resource services company SD Worx  [ nl ] would become the title sponsor of

112-486: A 13 percent market share of the equipment rental industry. In 2013, United Rentals moved its headquarters from Greenwich, Connecticut , to Stamford, Connecticut . On March 9, 2014, the company announced plans to acquire National Pump for $ 780 million. This made United Rentals the second-largest pump rental company in North America. The transaction was finalized on March 31, 2014. In June 2014, United Rentals

168-425: A company's core business. Oftentimes the decision to rent over financing or purchasing a piece of equipment will come down to a decision balanced in risk and the long term usefulness of the equipment. Renting can be up to three times more expensive over financing, but comes with the benefits of lower risk and commitment. Where buying starts to make more sense is when there is a consistent and forecastable use case for

224-418: A customer base that includes construction and industrial companies; utilities; municipalities; and homeowners. In addition to rentals, the company offers new and used equipment sales, servicing, and safety training. Since 2019, United Rentals has been led by Matthew Flannery (President & CEO), Michael Durand (Executive Vice President & COO), and Ted Grace (Executive Vice President & CFO). The company

280-407: A definitive agreement to sell itself to Cerberus Capital Management in a transaction valued at approximately $ 6.6 billion, including the assumption of approximately $ 2.6 billion in debt obligations. URI's board of directors approved the merger agreement and recommended that stockholders do the same. On November 15, 2007, the company announced that Cerberus was not prepared to proceed with

336-457: A few specific products. They can supply the most comprehensive range of state-of-the-art equipment – with or without qualified operators – when and where customers need it. Maintenance, compliance with standards and regulations : Rental companies bear the responsibility for ensuring the equipment they rent out complies with applicable regulations, performing safety check before delivery. Routine maintenance and major repairs are typically handled by

392-532: A range of forklifts are available. Modular space is an effective means of providing additional space on a customer's site, for short-term as well as long-term projects. The containers can be combined to build site offices and accommodation, sanitary facilities or storage space. In addition, a wide range of interior equipment or furnishings is available. Some rental companies offer special rental services for modular space, including preparing outlines and foundation plans, transport and installation services. Safety

448-407: A reduction in transport fleets. Renting equipment with operators allows for optimizing staff costs. The ERA Total Cost of Ownership calculator can help in deciding whether to buy, rent or lease equipment from financial perspective. Range of recent equipment available : Some rental companies have inventories up to the hundreds of thousands of pieces of equipment, while others are specialized in

504-411: A rental company is dependent on the nature of the product to be rented, the company profile, the profile of the customer and the type of equipment needed. Here are some key criteria: For specific equipment, it is useful to establish relationships with rental depots that have experience with the products required. If the customer knows what task they need the equipment for, the rental company will identify

560-422: A time-consuming task – sourcing the right equipment, negotiating with suppliers, and ensuring that the most modern and productive equipment is operated. Rental companies invest vast sums each year in maintaining modern fleets, providing access to the latest, most productive and safest equipment on the market. Flexibility : Rental companies give operational flexibility as well, with the option to rent equipment over

616-498: A variety of lighting systems, are also available. Powered access is an important sector in the rental market. For different works at great height, for example for roof or hall construction, industrial cleaning or installation works, customers can choose from a wide range of working platforms or building construction lifts. Furthermore, telehandlers can be rented for diverse transportation tasks on construction sites. The industrial and event sectors often demand efficient logistics, and

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672-418: Is a critical issue on every construction site, especially when construction works are carried out along busy roads or on highways. Therefore, rental companies offer various professional solutions for traffic safety . This is not limited to the provision and installation of beacons or traffic signs . As specific traffic safety regulations may apply depending on the country or region in which the construction site

728-442: Is a good idea to rent equipment via a rental platform depends on the type of equipment requested, on the customer's knowledge of the machine and on the location of the job site . On the one hand, rental platforms offer fast price comparisons, but on the other hand, they do not show the full spectrum of services offered by different rental companies that accompany the requested equipment. United Rentals United Rentals, Inc.

784-504: Is accessible here . The equipment rental market goes well beyond construction machinery and can include rental equipment such as a dedicated server housed in a data center . In addition to the construction sector , the rental market supplies a wide range of customers and industries, including gardening and landscaping, municipal and forestry services, the event industry [like PA equipment, LED screens, Camera/videography equipment, etc], IT infrastructure , and private clients. Depending on

840-692: Is an American equipment rental company, with about 16 percent of the North American market share as of 2022. It owns the largest rental fleet in the world with approximately 4,700 classes of equipment totaling about $ 19.3 billion in original equipment cost (OEC) as of 2022. The company has a combined total of 1,625 locations, including an integrated network of 1,504 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand. In North America,

896-510: Is headquartered in Stamford , Connecticut . In 2019, United Rentals was announced the 6th best stock of the 2010s, with a total return of 1,559%. United Rentals is primarily a provider of construction and industrial equipment: trucks, aerial work platforms , counterbalance forklifts, reach forklifts , earth movers, compressors , homeowner equipment, and similar devices. Together, these are considered general and aerial rentals, and they make up

952-478: Is located, traffic safety requires an enormous planning effort and the knowhow of well-trained professionals. Thus, some rental companies have extended their rental services in this area and take care of the whole planning process, including obtaining official approval or preparing traffic regulation plans. Some rental companies offer a range of temporary construction solutions, such as formwork , panels used to hold concrete in place until it sets, and falsework, which

1008-410: Is named United Rentals Reliable Onsite Services. On July 2, 2018, United Rentals announced it had agreed to purchase BakerCorp International for about $ 715 million in cash, enhancing its Pump Solutions division. BakerCorp is a leading provider of tank, pump, filtration, and trench shoring rentals, with about 950 employees, 46 locations in North America, and another 11 locations in Europe. Following

1064-675: Is often preferred. This can include equipment such as machines for road or railway construction and forestry or agricultural work. Customers can also rent a wide range of commonly used construction equipment, such as compressors , pumps and compaction machines , or even small machines. Rental companies offer a wide range of temporary power solutions, whether for site use, events, petrochemical applications, manufacturing needs, shutdowns or power failures. The product range available includes generators , load banks, transformers and mobile fuel tanks. Various climate control solutions, such as heating and cooling systems and heat exchangers , as well as

1120-718: Is propping to hold a concrete structure until it sets. Groundworks may also be included in the product range. That is, equipment designed to hold holes in the ground open and allow operatives to work safely. Whether for woodwork, metalwork, construction or do-it-yourself projects, an extensive inventory of well-maintained smaller equipment and hand/power tools is available to tackle any job size or surface type. Smaller equipment can range from portable generators, concrete mixers and fan heaters to LED stand lights, wallpaper stripper and floor sanders . Tools can include power drills , power saws, electric rotary hammers, rock splitters and breakers, and portable cut-off saws.   The choice of

1176-497: The New York Stock Exchange under the symbol URI. In June 1998, it acquired U.S. Rentals, Inc., for a sum variously reported as $ 1.2 billion and $ 1.31 billion. The acquisition made United Rentals the largest equipment rental company in North America. On December 26, 2006, United Rentals announced the sale of their Highway Technology division to HTS Acquisition, Inc. On July 23, 2007, United Rentals announced

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1232-405: The $ 100 million termination fee stipulated in the original agreement. On December 16, 2011, United Rentals and RSC Holdings, Inc . announced that they had entered into a definitive merger agreement, under which United Rentals would acquire RSC in a cash-and-stock transaction. The largest merger in rental equipment history was finalized on April 30, 2012, boosting URI to what was at the time

1288-513: The ERA Market Report, based on a research carried out in 15 countries (Austria, Belgium, The Czech Republic, Denmark, Germany, Finland, France, Italy, The Netherlands, Norway, Poland, Spain, Sweden, Switzerland and the UK). In 2019, equipment rental companies and other companies providing rental services generated a total rental turnover of more than EUR 27.7 billion in these countries (EU-EFTA-UK), with

1344-719: The Global Rental Alliance (GRA) estimated the combined rental revenue among the GRA member associations (US, Canada, Europe and UK, Japan, Australia and New Zealand) to be US$ 91.5 billion for 2015. Based on research by the ARA (American Rental Association) , rental revenues in 2019 in the U.S were expected to be $ 55.7 billion, up 5 percent from 2018. Rental revenue in Canada was expected to grow 2.1 percent in 2019 to total nearly $ 5.5 billion The ERA (European Rental Association) annually publishes

1400-478: The acquisition on April 3, 2017. On August 22, 2017, United Rentals announced it had acquired all power generation assets, primarily mobile generator sets, from Cummins Inc. To maintain fleet and customer service continuity, a small number of Cummins employees joined United Rentals. On October 2, 2017, United Rentals announced it had completed the acquisition of Neff Corporation, a competing general equipment rentals company, for approximately $ 1.3 billion. In

1456-456: The best equipment for the job. Besides equipment, it is important to define which accessories are required. Rental depots usually have a full range of accessories. If the only item required is an accessory , the widest range will be found with the specialists in the sector. The proximity of the rental depot provides economic and sustainability benefits because it reduces transport costs and the environmental footprint. When renting small equipment,

1512-585: The bulk of URI's rental fleet and customer base. The company also rents equipment in five primary specialty fields: Additional specialty fields include: United Rentals was founded in September 1997. Then-chairman and CEO Bradley Jacobs planned to grow the company through acquisition and consolidation, beginning in October 1997 with six small leasing companies scattered across North America. In December 1997, three months after forming, United Rentals began trading on

1568-828: The case of a short-term rental, the best rental fees should be searched for from depots offering flexible contractual conditions. Rental depots offering equipment with standard instructions for use should be the preferred choice. Rental depots should have well-trained staff who are able to explain the practical and safe use of the equipment and provide answers to technical questions. An increasing number of rental companies have stringent procedures in place with regard, for example, to waste management, energy saving, environmentally adapted fuels and oils, and reduction of chemicals. They usually publish their own Corporate Social Responsibility (CSR) policies on their website. These relate to all aspects of sustainability (economic, social and environmental). In recent years, new players have appeared in

1624-414: The circular economy are applied in the rental business: An independent research study on the carbon footprint of construction equipment has demonstrated that the rental business model stimulates the efficient use of equipment and that this efficient use lowers the total carbon footprint. Depending on specific user practice, this can lead to significant reductions, in the range of 30%. The researchers of

1680-608: The company operates in 49 U.S. states and Puerto Rico and in every Canadian province. In 2017, United Rentals' revenue totaled more than $ 6.64 billion, with over $ 1.35 billion in profit . It is ranked #424 on the Fortune 500 , #1183 on the Forbes Global 2000 list of the world's largest public companies, and is the world's largest equipment rental company. URI was founded in 1997 by Brad Jacobs and grew primarily through acquisition. It offers general, aerial, and specialty rentals to

1736-437: The creation of a number of international groups, some of which have an annual turnover over €1billion. Around 40 of the 100 largest equipment rental companies in the world are European. The majority of companies in the industry still have fewer than 5 employees. Concentration in the industry is expected to renew at a fast pace, following a pause in 2008–2009 as a consequence of the international credit crunch . The situation of

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1792-600: The customer segment, specialised machinery and equipment are available. Furthermore, the equipment on rental offer is often complemented by additional services. A brief overview of the different categories of equipment that can be rented is detailed below. Construction machines on offer for rental range from small machines, such as mini-excavators and skid steer loaders , to heavy equipment, including hydraulic excavators and dumpers , which some rental companies offer with trained operators. When contractors need specialised equipment that they do not hold in their own fleet, renting

1848-405: The economic aspect is among the most decisive factors in the choice of a rental company. With larger equipment, the transportation cost and environmental impact becomes more important. The fleet inventory should guarantee the immediate availability of the equipment required, especially when the equipment is booked in advance. Dealing with a large depot allows customers to find, from a single source,

1904-585: The end of the season. As of August 2023, the team has dominated the UCI Women's World Tour , winning 11 races including Strade Bianche Donne , Tour of Flanders , all three Ardennes classics and the Tour de France Femmes . At the Tour, the team dominated the event, with 1st ( Demi Vollering ) and 2nd place ( Lotte Kopecky ) in the overall classification, 1st in the points classification (Kopecky), four stage wins, as well as

1960-557: The equipment rental industry in Europe varies from one country to another, with some markets being more mature. Equipment rental penetration is lower in Southern and Eastern Europe and highest in the UK and the Nordic Countries . The potential for growth is important in Southern, Central and Eastern Europe, where some countries saw a double-digit growth rate for rental in recent years. In 2017,

2016-407: The equipment rental market, namely online platforms. These companies offer digital solutions to the rental needs of customers, acting as an intermediary between customers and rental companies: The customer sends an inquiry to the platform, the platform checks the availability of the machine in its network and the customer receives an offer, either from the platform or from a rental company. Whether it

2072-407: The equipment. Renting again is much better suited to infrequent or one time uses. Capital Release : In times where they have to demonstrate high levels of profit compared to invested capital , contractors are increasingly eager to rent equipment, as it allows them to minimize the size of their equipment fleet. Less immobilized capital allows for improved cost control , lower maintenance costs, and

2128-510: The first World Cup race, the Ronde van Drenthe . She would finish later three times in second place in the later World Cup races and keeping the lead in the overall World Cup classification. At the beginning of April, after a solo of some 30 kilometres (19 miles), Ellen van Dijk won the Tour of Flanders World Cup race. The team started the season with the Ladies Tour of Qatar . Ellen van Dijk won

2184-413: The full range of services included in an offer, as well as the specifications of the equipment provided, which may be more or less expensive to run.Some rental companies may be more competitive in short-term rentals and others in long-term rentals. It is, therefore, necessary to compare individual fees precisely and thoroughly. Rental conditions lay out the policies applied by the rental depot and provide all

2240-434: The full range of services required during the contractual period. Especially in the initial phase of the relationship, it is important to talk personally with the depot manager and check the fleet. Rental depots must provide equipment that is fully compliant with legislative regulations and in good operating condition. Many rental companies rent equipment fitted with telematics solutions (especially large equipment). This enables

2296-427: The information regarding the services ancillary to rental that are included in the rental rates and those that are excluded. Some of the services / issues rental conditions should address include: Rental depots should also guarantee continuity of service through the replacement of the equipment or through assistance services. For long-term rentals, the focus should be on rental depots offering attractive conditions. In

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2352-433: The most recent estimates putting the number of rental companies in Europe at 17,280 and people employed in the industry at 133,480. There are several reason why companies choose to rent equipment instead of buying it: financial and economic, operational and environmental. Equipment rental helps companies reduce their fixed costs and minimises the financial risks of owning equipment fleets. By renting rather than owning,

2408-400: The purchase on the terms set forth in its merger agreement. Cerberus confirmed that there had not been a material adverse change at United Rentals, which would have let it bow out of the deal without penalty. On December 21, 2007, a Delaware Chancery Court ruling denied United Rentals' attempt to force Cerberus to follow through on the takeover bid. However, the court did order Cerberus to pay

2464-401: The rental company, saving the renter the expense of having a maintenance crew on staff. Safety checks are performed before each delivery. Outsourcing risk : The rental company is responsible for providing safe equipment on-site and shoulders any risk connected to the transportation of equipment (when this is carried out by the rental company). Procurement of equipment by a contractor : It is

2520-517: The second stage and took the lead in the general classification. In preparation for the 2017 season, the team signed Anna van der Breggen from Rabo–Liv . The team also extended the contracts of Megan Guarnier , Chantal Blaak , Christine Majerus , Amalie Dideriksen , Nikki Brammeier , Lizzie Armitstead and Karol-Ann Canuel . Ellen Van Dijk left the team to join Team Liv–Plantur . On 11 August, Evelyn Stevens announced she would retire at

2576-489: The short, medium or long-term. Renting by definition operates in a circular business model and seen as part of the sharing economy and circular economy , it can contribute to environmental and societal sustainability. The European rental industry, through its representative association ERA, has published a Manifesto for the Promotion of the sustainable benefits of the rental concept. The Manifesto defines how principles of

2632-399: The study built a calculator to determine the carbon footprint of the use of construction equipment, based on various parameters. The parameters with the biggest influence on the carbon footprint of equipment are: ERA used this study to develop a free online tool to determine exact carbon footprint of construction equipment per hour of use of the equipment. The ERA Equipment CO 2 calculator

2688-450: The team classification. Former riders: list of riders Equipment rental Equipment rental , or plant hire, is a service industry providing machinery, equipment and tools for a limited period of time to final users, mainly to construction contractors but also to industry and individual consumers . Renting can be defined as paying someone for the use of something for temporary or short-term purposes. Equipment rental

2744-462: The team on a four-year deal from 2021. At a special press conference in October 2013 it was announced that the Dutch time trial World Champion Ellen van Dijk would join the team after signing a three-year contract, after five years at Specialized–lululemon . On March 1 Sanne van Paassen ( Rabo–Liv ) joined the team. After winning the Omloop van het Hageland in early March, Lizzie Armitstead also won

2800-409: The tracking of equipment, a detailed analysis of the way it is being used and a reduction of the maintenance costs, among other benefits. All rented equipment must be compliant with existing legislation on safety. Rental rates is the easiest parameter to compare. Special offers for weekend or long-term rentals can make a rental depot more attractive. Together with rental rates, it is important to assess

2856-541: The transaction, United Rentals acquired approximately $ 867 million in equipment (based on original equipment cost) and Neff's 69 rental facility locations in the United States. On October 4, 2017, United Rentals announced it had acquired the assets of Superior Speedie Portable Services, Inc. and Superior Logistics Services, Inc. (together "Superior Speedie"), which includes a fleet of over 8,000 portable toilets and over 130 restroom trailers. This new specialty division

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2912-659: The transaction, United Rentals changed the name of its Pump Solutions division to United Rentals Fluid Solutions. On September 11, 2018, United Rentals announced an agreement to add BlueLine Rental , one of the top ten rental equipment companies in North America, to its growing list of acquisitions. United Rentals' board of directors unanimously approved the deal to purchase BlueLine from Platinum Equity for about $ 2.1 billion in cash. BlueLine has 114 locations in 25 US states, Canada, and Puerto Rico, and approximately 46,000 rental assets marketed primarily to mid-sized and local accounts. On December 7, 2022, United Rentals completed

2968-569: The user only pays for equipment when it is needed, and rental reduces the ongoing costs that come with equipment ownership, including maintenance, in-service inspections, repairs, transportation and storage. Rental allows companies to cope with peak workloads without having to invest in extra equipment. It represents a low-risk way of obtaining equipment when market conditions are uncertain and allows companies to enter new markets or sectors without burdensome investments in machinery – capital that would otherwise be tied up in equipment can be channelled into

3024-612: Was first developed in Anglo-Saxon countries. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, and the first waves of consolidation took place in the 1970s in North America, leading to the creation of companies with nationwide operations. Consolidation

3080-539: Was first listed on the Fortune 500. Based on its 2013 revenues of $ 4.955 billion, the company was ranked exactly 500th. It had previously made it as high as 517 in 2002, before falling back down. On September 19, 2014, URI was added to the S&;P 500 Index . On January 25, 2017, United Rentals announced the purchase of NES Rentals, a competing general equipment rentals company, for approximately $ 965 million. It completed

3136-526: Was slow in the 2000s but a buyout joined the two largest North American rental companies: United Rentals and RSC. Europe is catching up since the 1980s. In Europe alone there are over 17,000 equipment rental companies and the industry is now growing quickly in other areas of the world, including the Middle East , Latin America , and Asia . The industry has moved from mostly family-owned small businesses to

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