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An update from H&E Equipment Services ( (HEES) ) is now available.
On January 13, 2025, H&E Equipment Services entered into a definitive merger agreement with United Rentals, which will acquire H&E for $92 per share in a transaction valued at approximately $4.8 billion, including debt. This acquisition is expected to enhance United Rentals’ capacity in strategic U.S. markets and generate significant annual cost synergies and cross-sell revenue opportunities. The merger is anticipated to be accretive to United Rentals’ earnings and free cash flow in the first year post-close and is part of United Rentals’ strategy to grow its core business while providing attractive returns to shareholders. The transaction is set to close in the first quarter of 2025, subject to customary conditions.
More about H&E Equipment Services
H&E Equipment Services, founded in 1961, is a provider of high-quality general rental fleet, including aerial work platforms, earthmoving equipment, and material handling equipment. It serves construction and industrial markets through a network of approximately 160 branches across over 30 U.S. states, employing around 2,900 people with a rental fleet valued at $2.9 billion.
YTD Price Performance: -9.10%
Average Trading Volume: 262,581
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.61B
See more insights into HEES stock on TipRanks’ Stock Analysis page.
