United Rentals Inc. and BakerCorp International Holdings Inc. have entered into a definitive agreement under which United Rentals will acquire BakerCorp for approximately $715 million in cash. The boards of directors of United Rentals and BakerCorp have unanimously approved the agreement. The transaction is expected to close in the third quarter of 2018.

BakerCorp has approximately 950 employees serving more than 4,800 customers. BakerCorp’s operations are primarily concentrated in the U.S. and Canada, where it has 46 locations, with another 11 locations in France, Germany, the U.K. and the Netherlands.

For more information, visit www.unitedrentals.com or www.bakercorp.com.