Neff Corp., Advised by Akin Gump, Closes on $1.3 Billion Sale to United Rentals, Inc.
(New York) – United Rentals, Inc. today announced it has completed its previously announced acquisition of Neff Corporation for a total purchase price of approximately $1.3 billion. The purchase was funded primarily through newly issued unsecured debt. Akin Gump served as legal advisor to Neff, which had earlier agreed to be acquired by H&E Equipment Services, Inc. for roughly $1.2 billion before accepting United Rentals’ higher bid.
The Akin Gump team was led by corporate partner Daniel Fisher and included corporate partner Zachary Wittenberg, antitrust partner Gorav Jindal, corporate counsel Nicholas Houpt and corporate associates John Clayton, Evan Goodman, Charlie Hely and Meagan Lanier.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
# # #