ORANGE COUNTY and PHILADELPHIA, March 4, 2024: Morgan Lewis is representing Platinum Equity in a definitive agreement to sell Yak Access LLC, Yak Mat LLC, and New South Access & Environmental Services LLC (collectively, Yak) to United Rentals Inc. The transaction is valued at approximately $1.1 billion.
Platinum Equity is a global investment firm with approximately $47 billion of assets under management and a portfolio of approximately 50 operating companies serving customers around the world. Yak is one of the largest matting providers of ground protection and temporary roadway solutions in the United States, operating in more than 40 states. United Rentals is the largest equipment rental company in the world.
Morgan Lewis partners Aaron Suh, Jack Sheehan, Todd Hentges, James Loss, Gregory Hartker, and Randall McGeorge and associates Erin O’Gurek, Anjali Deshpande, and Jared Sanders are advising Platinum Equity.