Herc Holdings has agreed to acquire H&E Equipment Services for $5.3 billion, enhancing market presence and operational capacity in the equipment rental industry.

Information on the Target

H&E Equipment Services Inc. (NYSE: HEES), based in Baton Rouge, is a leading provider of rental equipment for industrial and construction markets across the United States. With an extensive network of 160 branches operating in over 30 states, H&E specializes in renting, selling, and servicing a diverse range of equipment, enhancing its strategic importance in the industry.

H&E's strength lies not only in its significant market presence but also in its well-maintained fleet of machinery and commitment to customer service. The company's expertise positions it favorably for growth, making it an attractive target for acquisition.

Industry Overview in the United States

The machinery rental industry in the United States has been experiencing robust growth, driven by increasing demand from construction, infrastructure projects, and industrial sector