STAMFORD, Conn. (Nov. 14, 2022) — United Rentals, Inc. today announced that the company has entered into a definitive agreement to acquire the assets of family-owned Ahern Rentals, Inc. for approximately $2.0 billion in cash. The board of directors of United Rentals unanimously approved the agreement. The transaction is expected to close prior to year-end 2022, subject to customary conditions.

WASHINGTON (Nov. 15, 2022) — Associated Builders and Contractors (ABC) reports today that its Construction Backlog Indicator declined to 8.8 months in October, according to an ABC member survey conducted October 20 to November 4. The reading is 0.7 months higher than in October 2021.

View ABC’s Construction Backlog Indicator and Construction Confidence Index tables for October 2022.