Herc Rentals Acquires All Rental Center

Herc Rentals Acquires Summit Equipment Rentals

November 19, 2023

Construction

Herc Rentals has acquired Summit Equipment Rentals, a three-location equipment rental operator in Southern California. The deal expands Herc Rentals' presence in the Los Angeles and San Diego markets; Summit operates facilities in Menifee, Chula Vista and Garden Grove and offers aerial work platforms, earthmoving equipment, water trucks and tools.

Herc Rentals Acquires Rental Works

March 5, 2024

Construction

Herc Rentals has acquired Annapolis-based Rental Works, a regional equipment rental company operating five locations across Maryland, Northern Virginia and Delaware. The acquisition brings Rental Works' management (including Sam Graham) into Herc's operations and expands Herc's footprint and service capacity in the Mid-Atlantic construction and industrial markets.

Herc Rentals Acquires MAC Equipment (Albany, NY)

March 3, 2024

Industrial Services

Herc Rentals has acquired Albany, New York–based MAC Equipment, an independent equipment rental company with more than 20 years in business. Terms were not disclosed; C2 Advisory Group represented MAC Equipment. The deal expands Herc Rentals' presence in New York as the company now serves customers through ~400 locations and about 7,200 employees in North America.

Herc Rentals Acquires Quality Equipment Rentals and Aerial Work Platforms

February 18, 2024

Industrial Services

Herc Rentals (Herc Holdings Inc.) has acquired two independent U.S. equipment rental businesses: California-based Quality Equipment Rentals and Wisconsin-based Aerial Work Platforms, Inc. The Aerial Work Platforms sale was completed with Borgman Capital (the seller) while Quality Equipment Rentals' majority owners Dennis and Diann Wells sold their business; terms were not disclosed.

Herc Rentals Acquires Industrial Rental & Sales (Guntersville, AL)

July 9, 2024

Industrial Services

Herc Rentals has acquired Industrial Rental & Sales, LLC, an independent equipment rental provider based in Guntersville, Alabama that serves the greater Huntsville area. The deal (financial terms not disclosed) will expand Herc's local equipment availability and services; Industrial Rental was represented by The Stansberry Firm and is owned/managed by J.D. Miles.

Herc Holdings Acquires H&E Equipment Services

February 19, 2025

Industrial Services

Herc Holdings Inc. acquired H&E Equipment Services in a transaction valued at $5.3 billion (including $1.5 billion of assumed debt), after outbidding United Rentals during a go-shop period. Under the terms, H&E shareholders received $78.75 in cash and 0.1287 shares of Herc common stock per share (approximately $104.89 per share based on Herc VWAP), H&E shares ceased trading on NASDAQ, and the combined company expands Herc's footprint, fleet and scale across North America.