United Rentals, Inc. has announced that it has acquired the Power and HVAC assets of Blue-Stream Services, LLC, a major equipment rental services company operating in the Gulf of Mexico region of the USA.
The four Blue-Stream locations in New Iberia and Baton Rouge, La., and Dallas and Houston, Texas, serve diverse end markets including oil and gas, disaster recovery, industrial, construction and entertainment.
Paul McDonnell, senior vice president of 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.”
King & Spalding LLP served as legal advisor to United Rentals, and Perret Doise LLC served as legal advisor to Blue-Stream Services.