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United Rentals to acquire H&E Equipment Services in deal valued at $4.8 billion
Posted on 1/14/25 at 6:56 am
Posted on 1/14/25 at 6:56 am
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quote:
(Reuters) -United Rentals said on Tuesday it would acquire smaller rival H&E Equipment Services in a deal valued at $4.8 billion, as the company looks to tap into demand for equipment rentals.
Industrial equipment demand has remained strong from commercial construction firms, on the back of higher government spending on infrastructure and production delays at manufacturers.
quote:
"This purchase of H&E supports our strategy to deploy capital to grow the core business," United Rentals CEO Matthew Flannery said.
The combination will expand United's rental fleet by almost 64,000 units, the companies said.
1
Posted on 1/14/25 at 6:56 am to grizzlylongcut
It’s already up 100%
Posted on 1/14/25 at 9:30 am to el Gaucho
$4.8B all cash deal. Wild.
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