H&E Equipment Services Acquires One Source Equipment Rentals

H&E Equipment Services signed a definitive agreement to acquire One Source Equipment Rentals, a non-residential construction and industrial equipment rental provider with operations in the Midwest and Southern U.S. H&E is expected to pay $130 million in cash, and the transaction was expected to close in Q4 2022, pending customary conditions. H&E later announced the acquisition closed effective October 1, 2022, adding 10 branches and approximately $138 million in fleet to its network.