United Rentals Inc. announced that it has entered into a definitive asset purchase agreement to acquire National Pump, the second largest specialty pump rental company in North America. Under the terms of the agreement, United Rentals will also acquire GulfCo, a two-branch general rental business also based in Texas. The board of directors of United Rentals and the partners of National Pump unanimously approved the proposed transaction.With National Pump, United Rentals enters the pump rental segment, one of the largest and highest growth specialty markets. The company has been executing its strategy of expanding its specialty businesses, and this acquisition
