Fluor, United Rentals Enter JV in North America

Fluor announced its AMECO unit has agreed to form a joint venture with United Rentals to offer comprehensive equipment and tool solutions for ongoing plant maintenance and turnaround activities initially supporting the oil and gas industry in the Gulf Coast region of the United States.

"AMECO's expertise in providing project tools and site services, coupled with a world class safety culture, is a complementary fit with United Rentals' significant rental fleet infrastructure and technology capabilities," said Gary Bernardez, president of AMECO. "The combined resources of the two companies will provide a seamless, one-stop shop for oil and gas customers at their project sites throughout the Gulf Coast region."

Michael Kneeland, chief executive officer of United Rentals, said, "We are excited to join with AMECO to offer more inclusive solutions to customers and create opportunities that may not otherwise exist. This partnership allows both companies to expand their presence in the energy market while remaining focused on our core competencies. For our customers, an integrated source of supply means greater productivity."

The AMECO and United Rentals joint venture plans to provide full turnkey services and comprehensive offerings along with an industry-leading safety program. It will offer customized solutions based on customers' needs with the ability to scale to appropriate levels quickly and nimbly.