04:39 PM EDT, 03/15/2024 (MT Newswires) -- United Rentals ( URI ) said late Friday it completed its acquisition of Yak Access, Yak Mat, and New South Access & Environmental Solutions from Platinum Equity for about $1.1 billion in cash.

The deal was funded via a mix of senior unsecured notes and capacity under an ABL facility, United Rentals ( URI ) said.

United Rentals ( URI ) said it will update its 2024 financial guidance to reflect the deal when it releases Q1 results in April.