# United Rentals

United Rentals is an Asset Manager based in Stamford, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stamford, United States
- **Region:** North America
- **Address:** Stamford, CT, United States
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** unitedrentals.com

## Regulatory record

- **Reports private funds:** No

## About

United Rentals is an equipment rental company operating in the construction and industrial sectors. It offers rental equipment, safety training, and support services to various sectors including construction, industrial companies, utilities, municipalities, and homeowners. The company was founded in 1997 and is based in Stamford, Connecticut.

## Sectors

- Industrial Tech

## People

- Matthew Flannery — Chief Executive Officer
- Dale Asplund — Chief Operating Officer
- Michael Durand — Chief Financial Officer

## Questions

### Who runs investment and capital allocation decisions at United Rentals?

CEO Matthew Flannery, who assumed the role in 2019, leads capital allocation strategy alongside CFO Michael Durand. The board of directors, chaired by Jenne Britell, oversees major fleet investments and M&A. Flannery's background includes serving as COO from 2012–2019, where he managed the integration of multiple large acquisitions including National Pump in 2014.

### How does United Rentals source proprietary deal flow for its fleet and acquisitions?

United Rentals does not operate as a deal-flow-driven investor. It procures equipment directly from manufacturers through volume purchase agreements and acquires entire rental companies in tuck-in and transformational M&A transactions. The company's acquisition pipeline relies on a dedicated corporate development team and regional managers who identify local consolidation targets, a muscle built since the original Jacobs-era roll-up.

### What investment stages or asset classes does United Rentals target?

United Rentals is an industrial rental business, not a fund with investment stages. Its capital deployment goes into purchasing equipment for its rental fleet and acquiring complementary businesses. The company targets mature, revenue-generating industrial assets — aerial lifts, earthmovers, and specialty equipment — not early-stage companies or financial securities.

### Does United Rentals participate in fund commitments or direct deals alongside GPs?

No. The company is an industrial operator, not a limited partner in external funds. Its acquisitions are structured as whole-company purchases or asset buyouts of equipment fleets, not co-investments alongside general partners. The January 2024 acquisition of Yak Access is a typical example: a direct, all-cash purchase of a private company.

## Related profiles

- [TriNet](https://altss.com/profile/trinet)
- [Exyte](https://altss.com/profile/exyte-gmbh)

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Last updated: 2026-06-03T20:00:00.000Z

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