By Jeff Yoders – ENR – January 14, 2025
Deal expands already large United Rentals footprint in the equipment rental market
United Rentals Inc., announced Jan. 14 it will acquire H&E Equipment Services for $92 per share in cash, reflecting a total enterprise value of about $4.8 billion, including about $1.4 billion of debt.
All 2,900 employees and the $2.9-billion rental fleet of Baton Rouge, La.-based H&E Equipment Services—located across 160 branches in 30 states—is included in the deal, which is expected to close in the first quarter of this year.