United Rentals Acquires H&E Equipment Services for $4.8 B
The acquisition brings H&E's substantial rental market footprint into the United Rentals service.Image courtesy United Rentals
United Rentals Inc., revealed Jan. 14 it will obtain H&E Equipment Services for $92 per share in money, showing an overall business worth of about $4.8 billion, consisting of about $1.4 billion of financial obligation.All 2,900 workers and the $2.9-billion rental fleet of Baton Rouge, La.-based H&E Equipment Services-- situated throughout 160 branches in 30 states-- is consisted of in the offer, which is anticipated to close in the very first quarter of this year."In H&E we're obtaining a well-run operation that's primed to take advantage of our innovation, operations and broad worth proposal," stated Matthew Flannery, CEO of Stamford, Conn.-based United ...