Deals
Rain for Rent Owners Weigh Sale Worth $1 Billion
- Provides temporary pumps, tanks, filtration units, spillguards
- Lake Family have controlled company since founding in 1934
Photographer: Bloomberg/Bloomberg
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Rain for Rent, a closely-held provider of drainage pumps, water tanks and other equipment for handling liquids, is considering a sale that could value the company at about $1 billion, according to people familiar with the matter.
The Bakersfield, California-based company has held talks with advisers about evaluating strategic options including a sale, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Rain is likely to draw interest from private equity firms and rival corporations, they said.