Norris Sales Company has been acquired by United Rentals

The founder of Norris Sales Company Inc. has sold the company to United Rentals, Inc. (NYSE:URI), the world’s largest equipment rental company.

Headquartered in Conshohocken, Pennsylvania, and leveraging a 65-year family-owned operating history, Norris is the leading independent one-stop shop provider of equipment rental and sales, parts and maintenance/repair services to the greater Philadelphia and mid-Atlantic regions. Norris serves a diverse mix of non-residential construction and commercial customers with a majority of revenue generated from non-discretionary infrastructure and utility maintenance/repair work.

United Rentals is a publicly traded equipment rental company with over US$13 billion of deployed fleet and a market capitalization of approximately US$24 billion.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Norris Sales Company Inc. in its sale to United Rentals, Inc.

Service

M&A sell-side

Parties

“The team was the ideal advisor for Norris Sales. As a multi-generation family business, we needed a banker who understood our industry, respected our concern for confidentiality and guided us on a path to an outstanding outcome. They were committed to the process from beginning to end, sweated every detail and exhibited great negotiating skills. The team demonstrated patience, professionalism, integrity and attention throughout the process. Importantly, while they identified a variety of attractive options for the family, United Rentals distinguished itself as the right partner for Norris – we’re confident that UR will continue the legacy we’ve built by offering our employees and customers expanded resources and growth opportunities. ”

Karen Zajick

President, Norris Sales Company Inc.

Talk to the deal team

Paul R. Smolevitz

Managing Director

New York, United States
Oaklins TM Capital

View profile Get in touch

David M. Felts

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Michael L. Bauman

Associate

New York, United States
Oaklins TM Capital

View profile Get in touch

Dylan Finazzo

Analyst

New York, United States
Oaklins TM Capital

View profile Get in touch

Related deals

Jiangsu Huineng Electric has formed a joint-venture with Eaton

Industrial Machinery & Components

Jiangsu Huineng Electric has formed a joint-venture with Eaton

The shareholders of Jiangsu Huineng Electric Co., Ltd. (Jiangsu Huineng) have sold 50% equity stake of the company to Eaton Corporation (Eaton), promoting yet another strategic cooperation and further consolidation in China’s electrical equipment sector, after helping Huanyu Group to obtain strategic investment from Eaton in 2021.

Learn more

SRT Marine Systems has completed a share placing

Industrial Machinery & Components

SRT Marine Systems has completed a share placing

SRT Marine Systems plc (SRT) has raised funds to provide working capital for the systems division to enable implementation of multiple projects, such as increased production of digital navigation transceivers.

Learn more

Labcraft Holdings has been acquired by Safe Fleet Holdings

Industrial Machinery & Components

Labcraft Holdings has been acquired by Safe Fleet Holdings

The shareholders of Labcraft Holdings Limited, the UK’s leading manufacturer of high performance and energy-efficient LED lighting for the commercial vehicle and emergency services sectors, have sold the business to Safe Fleet Holdings, a leading supplier of safety solutions for fleet vehicles, enhancing Labcraft’s presence in the US.

Learn more