National Pump: United Rentals To Acquire National Pump For About $780 Mln

Construction equipment rental company United Rentals, Inc. (URI) agreed Sunday to acquire pump technology company National Pump Co. LLC, comprising of four pump rental companies, in a cash and stock deal valued at about $780 million. The deal, expected to close early in the second quarter of 2014, has the unanimous approval of the board of directors of United Rentals and the partners of National Pump.