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.
Karen Zajick
President, Norris Sales Company Inc.
Talk to the deal team
Paul R. Smolevitz
Oaklins TM Capital
David M. Felts
Oaklins TM Capital
Michael L. Bauman
Oaklins TM Capital
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