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

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

Business Wire

STAMFORD, Conn. -- August 22, 2017

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.

View source version on businesswire.com:
http://www.businesswire.com/news/home/20170822006199/en/

Contact:

United Rentals, Inc.
Ted Grace, 203-618-7122
Cell: 203-399-8951
tgrace@ur.com
or
Cummins Inc.
Jon Mills, 317-658-4540
jon.mills@cummins.com
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