United Rentals Acquires H&E Equipment Services in $4.8 Billion Deal
January 20, 2025
United Rentals has entered into a definitive agreement to acquire H&E Equipment Services for $92 per share in cash, valuing the transaction at about $4.8 billion including roughly $1.4 billion of net debt. The deal is expected to expand United Rentals’ rental fleet capacity across key U.S. geographies and generate approximately $130 million of annualized cost synergies within 24 months of closing, plus revenue cross-sell synergies by year three.
- Buyers
- United Rentals
- Targets
- H&E Equipment Services
- Industry
- Transportation
- Location
- United States
- Transaction Type
- Buyout
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The Manitowoc Company Acquires H&E Equipment Services' Crane Business
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