Equipment Rental & Dealers, Industrials | Mergers & Acquisitions

Norris Sales Company has been Acquired by United Rentals

  • TM Capital served as the exclusive financial advisor to Norris Sales Company, Incorporated in its sale to United Rentals, Inc. (NYSE:URI), the world’s largest equipment rental company
  • Headquartered in Conshohocken, Pennsylvania and leveraging a 65-year family-owned operating history, Norris is the leading independent one-stop-shop provider of equipment rental and sales, parts and maintenance/repair services to the greater Philadelphia and mid-Atlantic regions
  • Norris serves a diverse mix of nonresidential construction and commercial customers with a majority of revenue generated from nondiscretionary infrastructure and utility maintenance/repair work
  • United Rentals is a publicly traded equipment rental company with over $13 billion of deployed fleet and a market capitalization of approximately $24 billion
  • TM Capital is a market leader in the equipment rental/dealer space having completed multiple transactions and published authoritative research

Client Testimonial

TM Capital was the ideal advisor for Norris Sales. As a multi-generation family business, we needed a banker who understood our industry, respected our concern for confidentiality and guided us on a path to an outstanding outcome. TM was committed to the process from beginning to end, sweated every detail and exhibited great negotiating skills. TM demonstrated patience, professionalism, integrity and attention throughout the process. Importantly, while TM identified a variety of attractive options for the family, United Rentals distinguished itself as the right partner for Norris - we’re confident that UR will continue the legacy we’ve built by offering our employees and customers expanded resources and growth opportunities”
– Karen Zajick, President, Norris Sales Company, Incorporated