Work United™ - M&A Strategy Review
Ahern Rentals Overview
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Business Description
Ahern is a leading North American General Rental provider,
founded in Nevada in 1953
· 2021 total revenue of $842M with an adjusted EBITDA
margin of 35.2% vs. LTM September 2022 total revenue of
$887M with an adjusted EBITDA margin of 34.9% (1)
8th largest rental company in North America per the RER
100(2)
~
⚫ Rental fleet of $1.85B OEC (3), comprised of 60,000+ units
at an overall average age of ~67 months.
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- Additional non-rental fleet of -$145M (3)
~2,100 employees across 106 locations across the U.S.
Fleet Mix (% OEC) (3)
Power & HVAC
Trucks
Other
7%
3% 2%
Dirt
12%
Forklifts
28%
Customer Vertical Mix (% Revenue)
Other
12%
Power
3%
Manufacturing
6%
(1) LTM through September 30, 2022
(2) As of May 2022. Rankings based on 2021 rental volumes
(3) As of August 2022
United Rentals
WORK UNITED™
Residential 8%
48% Aerial
62%
Business Services
9%
Non-Residential
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