United Rentals, Inc. URI is on track to further expand its specialty branch network with the addition of ten new branches, including eight in the U.S. and two in Canada, The company remains optimistic about the growth of specialty rental network in 2015.
Notably, the company opened United Rentals Pump Solutions branches in Atlanta, GA; Carlsbad, NM; Elmwood Park, NJ; Hayward, CA; Saskatoon, Sask. and Prince George, B.C. The divisions will offer fluid transfer solutions for industrial and commercial applications ranging from high volume and high pressure pumps to small, portable units, including custom fabrication.
Further, the United Rentals Tool Solutions branches in Charlotte, NC; and Ridgefield Park, NJ; will provide temporary and long-term onsite tool management, including inventory tracking, inspections and maintenance.
The Power & HVAC branch in Amarillo, TX will supply engineered power, heating, cooling and ventilation solutions for commercial, industrial and governmental customers, and disaster recovery services. Additionally, the Trench Safety branch in Lake Charles, LA will provide engineered excavation support and confined space entry systems as well as training to workers.
Throughout 2015, United Rentals will continue to expand its way for pump solutions, tool solutions, power and HVAC and trench safety to meet demand for these services which will drive the company’s growth and profitability.
United Rentals expects to open at least 16 specialty rental branches or tool hubs in 2015 and continue to invest in fleet to further position the company as a single source provider of total jobsite solutions through extensive product and service resources and technology offerings.
United Rentals will gain from the implementation of growth strategies, higher rental rates, free cash flow generation, returning cash to shareholders and integrating acquisitions. Moreover, the company remains optimistic about the rest of the year and expects a continued rebound in construction activity, along with usual seasonal uptick.
Greenwich, CT-based United Rentals is the largest equipment rental company in the world, with an integrated network of over 880 rentals. The company offers leases on about 3,100 classes of equipment with total original cost of almost $8 billion.
United Rentals currently carries a Zacks Rank #2 (Buy).
Other stocks worth considering in the sector include Aspen Aerogels, Inc. ASPN, Trex Co. Inc. TREX and Wolseley plc WOSYY. All these stocks carry a Zacks Rank #2.
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