United Rentals boosts power fleet through acquisition
09 May 2014
United Rentals has acquired the power and temperature control assets of Blue-Stream Services, LLC, a rental company with four locations in New Iberia and Baton Rouge, Louisiana, and Dallas and Houston, Texas.
Blue-Stream will continue to operate its energy/oil and gas division as well as its equipment sales business, which includes a dealership for Doosan Portable Power’s generators.
The equipment acquired by United includes diesel generators from 10 to 2000 kW, air conditioners from 10 to 80 t capacity, and cooling towers up to 3000 t. Blue-Streams rental customers are in sectors including oil and gas, disaster recovery, industry, construction and entertainment.
Paul McDonnell, senior vice president – operations for United Rentals, said, “The Blue-Stream acquisition expands the footprint of our Power and HVAC specialty rental operations in the Gulf, and deepens our presence in attractive end markets.
“This is a high-margin business with an experienced team and strong customer relationships. It offers significant cross-selling opportunities with our broader network.”