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United Rentals to acquire H&E
Posted on 1/14/25 at 10:33 am
Posted on 1/14/25 at 10:33 am
quote:
United Rentals to Acquire H&E Equipment Services, Inc.
LINK
STAMFORD, Conn. & BATON ROUGE, La.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ: HEES) (“H&E”) today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including approximately $1.4 billion of net debt.
7
Posted on 1/14/25 at 10:45 am to dewster
Second time today they bought them.
Posted on 1/14/25 at 10:46 am to dewster
Frick…United Rentals had gone to crap lately.
Posted on 1/14/25 at 10:47 am to dewster
United is such a pain in the arse to deal with on my end of the business.
Posted on 1/14/25 at 10:53 am to dewster
Yay. More consolidation in my area. I love having less options.
Posted on 1/14/25 at 10:55 am to dewster
frick. Big customer of mine and United doesn’t do business with me and is impossible to get to. Bad day for me.
Posted on 1/14/25 at 11:16 am to OMLandshark
What do you do ?
Posted on 1/14/25 at 11:20 am to Horsemeat
United Rentals fricking sucks.
Posted on 1/14/25 at 12:46 pm to 610man
I have been in the equipment rental business since 2003. Although they are not a direct competitor, as 99% of our equipment if offshore-based, the clients that we share absolutely cannot stand to deal with them for their land-based jobs for a number of reasons. I can't understand how they can be so successful, as their reputation for equipment is not solid, and their prices are through the roof.
Corporate America always seem to win.
Corporate America always seem to win.
Posted on 1/14/25 at 12:58 pm to dewster
United is such a shitty company. This won't be good for anyone.
Posted on 1/14/25 at 1:05 pm to Horsemeat
quote:
United is such a pain in the arse to deal with on my end of the business.
What industry?
Posted on 1/14/25 at 1:49 pm to grizzlylongcut
quote:
What industry?
Probably construction
Posted on 1/14/25 at 1:52 pm to 225Tyga
quote:
Probably construction
United Rentals has a shitload of different divisions that they specialize in.
Posted on 1/14/25 at 2:28 pm to grizzlylongcut
https://finance.yahoo.com/quote/HEES/
I'm always shocked when they are able to keep these deals quiet. H&E stock has done nothing but go down for the last month, then boom, it doubles today.
I'm always shocked when they are able to keep these deals quiet. H&E stock has done nothing but go down for the last month, then boom, it doubles today.
Posted on 2/18/25 at 2:46 pm to dewster
Apparently they accepted a counter offer from Herc.
Posted on 2/18/25 at 3:50 pm to MorbidTheClown
Not accepted but United pulled out and Herc likely candidate
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