United Rentals buys HVAC market company
United Rentals Inc. has purchased the power tool and HVAC operations of Blue-Stream Services LLC. Terms were not disclosed.
The sale includes Blue-Stream’s Louisiana locations in New Iberia and Baton Rouge, and Texas stores in Dallas and Houston.
Paul McDonnell, United Rentals’ senior vice president of operations, said the purchase was a good move for his company.
“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,” he said. “This is a high-margin business with an experienced team and strong customer relationships. It offers significant cross-selling opportunities with our broader network.”