H&E Equipment Services Acquires One Source Equipment Rentals
September 19, 2022
H&E Equipment Services, Inc. agreed to acquire One Source Equipment Rentals, Inc. for $130 million in cash, adding 10 branch locations and approximately $138 million in fleet to H&E's network. The acquisition expands H&E's geographic footprint into the Midwest (Illinois and Indiana) and supplements its presence in the southern U.S.; One Source is employee‑owned and generated roughly $59 million in revenue over the twelve months ended July 31, 2022.
- Buyers
- H&E Equipment Services, Inc.
- Targets
- One Source Equipment Rentals, Inc.
- Sellers
- Employee owners of One Source Equipment Rentals, Inc.
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
H&E Equipment Services Acquires Precision Rentals
December 11, 2023
Industrial Services
H&E Equipment Services signed a definitive agreement and subsequently completed the acquisition of Phoenix-based Precision Rentals, adding two branch locations (Phoenix and Aurora, Colorado) and a rental fleet with approximately $70 million of original equipment cost. The deal increases H&E's branch density in the Phoenix and Denver metropolitan areas and expands its footprint in attractive non-residential construction markets.
-
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.
-
Eberhart Capital Acquires The Equipment Source, LLC
May 13, 2020
Construction
Eberhart Capital, a Scottsdale, Arizona-based private equity firm, has acquired The Equipment Source, LLC, a Naples, Florida-based tool and equipment rental company serving contractors and consumers. The Equipment Source will join Eberhart Capital sister company Contractor Sales & Service, and management transitioned from founder Billy Martinez to Steve Acquafresca as general manager; terms were not disclosed.
-
The Manitowoc Company Acquires H&E Equipment Services' Crane Business
October 1, 2021
Industrial Services
The Manitowoc Company, Inc. has completed the acquisition of the crane business of H&E Equipment Services, Inc. for approximately $130 million. The acquired business will operate under Manitowoc’s wholly-owned subsidiary MGX Equipment Services, LLC and adds fourteen full‑service branch locations plus field service technicians to expand Manitowoc’s aftermarket capabilities and regional footprint.
-
H&E Equipment Services Acquires Rental Assets of Giffin Equipment
November 5, 2023
Industrial Services
H&E Equipment Services acquired the equipment rental assets of California-based Giffin Equipment, including three rental branches in Ventura, Goleta and Santa Maria and a rental fleet with an original equipment cost of about $13.4 million. The deal expands H&E's branch density and fleet coverage in central and southern California; The Stansberry Firm represented Giffin in the transaction.
-
H&E Equipment Services Acquires Lewistown Rental and Affiliated Companies
April 11, 2024
Industrial Services
H&E Equipment Services, Inc. signed a definitive agreement to acquire Lewistown Rental, a Lewistown, Montana-based equipment rental business, along with three affiliated locations in Havre, Glasgow and Great Falls, Montana. The deal extends H&E's branch footprint in Montana and adds a diverse fleet with an original equipment cost estimated at $28.5 million; the transaction is expected to close in Q2 2024.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.