United Rentals Expands Power & HVAC Fleet with Acquisition of Portable Power Assets

STAMFORD, Conn.–(BUSINESS WIRE)–United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) has
acquired power equipment assets, primarily mobile rental generator sets,
from Cummins Inc. (NYSE: CMI). The company will start serving the needs
of former Cummins rental customers, and has made its newly acquired
rental equipment available immediately.

The acquisition involves Cummins mobile rental generator fleet, which
ranges from 150 Kilowatts to 2 Megawatts in output. To maintain customer
and fleet continuity, a small number of Cummins employees in the U.S.
and Canada have joined United Rentals.

Cummins, which is a global leader in power generation products, will
continue to manufacture, service and support new power generation
equipment for rental markets.

Paul McDonnell, United Rentals senior vice president – sales and
specialty operations, said, “We’re continuing to realize strong demand
for power solutions across North America. This strategic expansion of
our fleet ensures greater availability and a larger customer service
organization. I want to personally welcome our new employees and
customers to United Rentals. I also want to thank Cummins for working
closely with our team to accomplish a seamless transition.”

“We believe this move will benefit our customers and both companies,”
said Tony Satterthwaite, Cummins Inc. Distribution Business President.
“Customers will have access to United Rentals’ extensive rental fleet
and Cummins will place a greater degree of focus on delivering the
highest quality products and support to our customer base. Cummins wants
to continue improving the experience for our customers because we
understand that when they succeed, we succeed.”

United Rentals Power & HVAC is a leader in providing Power and HVAC
products and solutions across North America through 58 strategic
locations. The company provides custom and turnkey solutions for
commercial, industrial and government customers, with one of the best
safety records in the industry.

About United Rentals
United Rentals is the largest equipment
rental company in the world. The company has an integrated network of
960 rental locations in 49 states and every Canadian province. The
company’s approximately 13,700 employees serve construction and
industrial customers, utilities, municipalities, homeowners and others.
The company offers approximately 3,300 classes of equipment for rent
with a total original cost of $10.3 billion. United Rentals is a member
of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the
Russell 3000 Index® and is headquartered in Stamford, Conn. Additional
information about United Rentals is available at unitedrentals.com.

About Cummins
Cummins Inc., a global power leader, is a
corporation of complementary business segments that design, manufacture,
distribute and service diesel and natural gas engines and related
technologies, including fuel systems, controls, air handling,
filtration, emission solutions and electrical power generation systems.
Headquartered in Columbus, Indiana, (USA) Cummins currently employs
approximately 55,400 people worldwide and serves customers in
approximately 190 countries and territories through a network of
approximately 600 company-owned and independent distributor locations
and approximately 7,400 dealer locations. Cummins earned $1.39
billion on sales of $17.5 billion in 2016. Press releases can be found
on the Web at www.cummins.com.
Follow Cummins on Twitter at www.twittter.com/cummins and
on YouTube at www.youtube.com/cumminsinc.

Contacts

United Rentals, Inc.
Ted Grace, 203-618-7122
Cell: 203-399-8951
[email protected]
or
Cummins
Inc.
Jon Mills, 317-658-4540
[email protected]