United Rentals Pays $780M For National Pump, GulfCo

Law360, New York (March 10, 2014, 2:04 PM EDT) -- United Rentals Inc. has purchased National Pump & Compressor Ltd. and some of its branch businesses for about $780 million, in a deal marking the New York-based equipment rental company's first foray into the pump rental segment, United Rentals said on Sunday.

The deal — which is expected to close in the second quarter of 2014 — has already been unanimously approved by both companies' board of directors. United Rentals will finance the deal using a combination of $765 million in cash and $15 million in...
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