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Louisiana based H&E expanding again; this time into Montana
Posted on 4/11/24 at 12:03 pm
Posted on 4/11/24 at 12:03 pm
It's nice to see a local company acquiring their competitors rather than getting acquired. I have a feeling Sunbelt or some other huge company will eventually buy H&E though, which would suck for Louisiana.
LINK
quote:
Baton Rouge’s H&E Equipment Services Inc. today announced it has entered into an agreement to acquire Lewistown Rental, a Montana-based equipment rental business, and three of its affiliated rental operations.
The affiliates are located in Havre, Glasgow and Great Falls, Montana, and each location serves multiple end markets, including non-residential, industrial and agriculture.
Lewistown Rental boasts a total estimated fleet value, as measured by original equipment cost, of $28.5 million. The transaction is expected to close in the second quarter of 2024, following the satisfaction of customary closing conditions. Financial details of the deal were not disclosed.
LINK
6
Posted on 4/11/24 at 12:17 pm to frequent flyer
Any of you baws in the equipment rental business?
I’m curious about the profit obtained on a rental during the machine’s life cycle. It has to be pretty healthy, there are at least 10 rental companies just in NELA.
I’m curious about the profit obtained on a rental during the machine’s life cycle. It has to be pretty healthy, there are at least 10 rental companies just in NELA.
Posted on 4/11/24 at 12:35 pm to frequent flyer
The official equipment rental of the LSU Tigers 
Posted on 4/11/24 at 12:39 pm to frequent flyer
That is who my Dad was working for when the shooting occurred. He didn't even lose his job and he drove the company car to the airport!
Posted on 4/11/24 at 12:48 pm to frequent flyer
They have a nice facility right across from my shop in Denver.
Posted on 4/11/24 at 1:17 pm to frequent flyer
They are anti St. George, maybe we should vote against them expanding.
Posted on 4/11/24 at 1:22 pm to frequent flyer
already had offices in billings and belgrade
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