- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Baton Rouge based H&E Equipment to sell exclusive distrib. rights for Komatsu equipment
Posted on 12/12/22 at 12:32 pm
Posted on 12/12/22 at 12:32 pm
They are trying to remain focused on their equipment rental business. That's apparently much higher margin than distribution and sales of equipments.
LINK
quote:
BATON ROUGE, La.--(BUSINESS WIRE)--H&E Equipment Services Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to sell its Komatsu earthmoving distribution business to Houston, Texas based Waukesha-Pearce Industries, LLC (“WPI”). The transaction includes rights to the distribution of earthmoving equipment in the state of Louisiana and counties located in southwestern Arkansas, along with a distribution facility in Kenner, Louisiana, and certain other equipment, parts and supplies. Also, H&E will assign to WPI the outstanding lease on its distribution facility in Bossier City, Louisiana. H&E will retain ownership of its rental assets located at the remaining seven rental branches in Louisiana. The transaction is expected to close by December 31, 2022, subject to customary closing conditions.
Brad Barber, chief executive officer of H&E, stated, “Just over a year ago, we completed the divestitures of our crane business and Arkansas earthmoving distribution business, significantly reducing our exposure to distribution activities. With the sale of our Komatsu earthmoving distributorship in the state of Louisiana, we are effectively completing our transformation to a pure-play rental business. This final step will allow us to sharpen our focus on the higher margin rental business as we continue our evaluation of strategic-growth opportunities in the equipment rental industry.”
Founded in 1961, H&E Equipment Services Inc. is one of the largest rental equipment companies in the nation. The Company’s fleet is among the industry’s youngest and most versatile with a superior equipment mix comprised of aerial work platforms, earthmoving and material handling equipment, and other general and specialty lines. H&E serves a diverse set of end markets in many high-growth geographies including branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest, and Mid-Atlantic regions.
LINK
5
Posted on 12/12/22 at 12:34 pm to goofball
Heard about this last week, I don't know if I had an inside source or if this was common knowledge...?
Posted on 12/12/22 at 12:37 pm to goofball
Sad that Texas companies have to move here just to buy a company
Posted on 12/12/22 at 12:44 pm to goofball
My dad was working for Head and Enquist in March of 1984 and drove the company car to the airport.
John Enquist, founder, was in Dallas meeting with a potentially HUGE client. He had gotten word of what his #1 Salesman had done and was unsure of what he was going to do.
As he sat down at the meeting the client asked if he had heard about the shooting in Baton Rouge knowing Mr. Enquist and H&E were based out of Baton Rouge. He simply stated that he had heard the news.
The client looked at Mr. Enquist and said, "They ought to give that man a key to the city!"
That's when Mr. Enquist said, "Well...you know...he is my top salesman!" Securing the client and...well...you see how H&E has grown.
And that is the story of how my dad didn't lose his job!
Which is bonus TD material because I didn't mention that story in my book.
John Enquist, founder, was in Dallas meeting with a potentially HUGE client. He had gotten word of what his #1 Salesman had done and was unsure of what he was going to do.
As he sat down at the meeting the client asked if he had heard about the shooting in Baton Rouge knowing Mr. Enquist and H&E were based out of Baton Rouge. He simply stated that he had heard the news.
The client looked at Mr. Enquist and said, "They ought to give that man a key to the city!"
That's when Mr. Enquist said, "Well...you know...he is my top salesman!" Securing the client and...well...you see how H&E has grown.
And that is the story of how my dad didn't lose his job!
Which is bonus TD material because I didn't mention that story in my book.
Posted on 12/12/22 at 12:47 pm to goofball
quote:
That's apparently much higher margin than distribution and sales of equipments.
MFG love rental yards cause they buy a ton of equipment. They get treated like kings.
MFG can be a pain in the arse to dealers. So i can see H&E seeing the dealership model as more trouble than it's worth.
I've been out of CE for a while so correct me if I am wrong. Komatsu makes some good equipment, especially excavators but is seen as secondary to Cat, Volvo and even Deere
This post was edited on 12/12/22 at 12:50 pm
Posted on 12/12/22 at 12:53 pm to Dire Wolf
With rising prices and equipment lead times rental business has been red hot for a couple years now.
Posted on 12/12/22 at 12:55 pm to roguetiger15
frick those guys. Need to move their arse out of St George.
Posted on 12/12/22 at 12:56 pm to TeddyPadillac
Are they planning to or something?
Posted on 12/12/22 at 12:59 pm to JodyPlauche
quote:
My dad was working for Head and Enquist in March of 1984 and drove the company car to the airport.
John Enquist, founder, was in Dallas meeting with a potentially HUGE client. He had gotten word of what his #1 Salesman had done and was unsure of what he was going to do.
As he sat down at the meeting the client asked if he had heard about the shooting in Baton Rouge knowing Mr. Enquist and H&E were based out of Baton Rouge. He simply stated that he had heard the news.
The client looked at Mr. Enquist and said, "They ought to give that man a key to the city!"
That's when Mr. Enquist said, "Well...you know...he is my top salesman!" Securing the client and...well...you see how H&E has grown.
And that is the story of how my dad didn't lose his job!
Good story. Have an upvote, Jody!
Posted on 12/12/22 at 1:01 pm to TeddyPadillac
quote:
frick those guys. Need to move their arse out of St George.
I was a fan until they came out swinging against SG, for whatever reason.
My prediction is that it's only a matter of time before their whole operation is Texas bound.
Posted on 12/12/22 at 1:06 pm to Giantkiller
quote:
I was a fan until they came out swinging against SG, for whatever reason.
Yeah if they want to play that game, they are asking for blow back.
quote:
My prediction is that it's only a matter of time before their whole operation is Texas bound.
Probably.
If they are in love with Baton Rouge so much, why not built a beautiful HQ building downtown? They haven’t. And they won’t.
They don’t want to live with the political positions they’ve taken. frick them. I’d respect them more if they put their money where their mouth was.
This post was edited on 12/12/22 at 1:08 pm
Posted on 12/12/22 at 1:08 pm to member12
quote:
If they are in love with Baton Rouge so much, why not built a beautiful HQ building downtown? They haven’t. And they won’t.
Like Todd Graves' bullshite about how the Raising Cane's home office is still in Baton Rouge.
Posted on 12/12/22 at 1:38 pm to Dire Wolf
quote:
Cat, Volvo and even Deere
Volvo is the clear leader in this market. Cat has the name, but their time has passed. Volvo is eons better quality.
Posted on 12/12/22 at 1:45 pm to TeddyPadillac
quote:
Need to move their arse out of St George.
John, Jr., is one of the leading opponents of Santo Jorge and has threatened to move from the area should the new city become a reality.
Posted on 12/12/22 at 1:51 pm to Tchefuncte Tiger
Their pay scale sucks and their mgt is buried in political BS.
But, they seem to be good at making money.
But, they seem to be good at making money.
Posted on 12/12/22 at 1:54 pm to Giantkiller
quote:
Like Todd Graves' bullshite about how the Raising Cane's home office is still in Baton Rouge.
Yeah. The board meets in Baton Rouge, but the overwhelming majority of jobs that come with a corporate HQ are in Frisco, TX....
Who is really getting the economic impact here? Similar to Amedisys. It's based in Baton Rouge but most of the HQ jobs are in Tennessee.
I'm hoping that once Cane's matures and accomplishes most of their growth targets, they move the rest of those jobs back. But I'm skeptical.
This post was edited on 12/12/22 at 1:58 pm
Posted on 12/12/22 at 2:02 pm to member12
quote:
The board meets in Baton Rouge, but the overwhelming majority of jobs that come with a corporate HQ are in Frisco, TX....
yeah, their datacenter is in Tx.
Posted on 12/12/22 at 2:40 pm to goofball
this is phase 1
they're setting the table to sell the rest to United Rentals
they're setting the table to sell the rest to United Rentals
Posted on 12/12/22 at 2:42 pm to Uncle Stu
quote:
they're setting the table to sell the rest to United Rentals
that'd be a helluva sale. UR outbid HE by $100m for Neff Rentals a few years back.
This post was edited on 12/12/22 at 2:46 pm
Posted on 12/12/22 at 2:43 pm to member12
quote:
If they are in love with Baton Rouge so much, why not built a beautiful HQ building downtown? They haven’t. And they won’t.
They don’t want to live with the political positions they’ve taken. frick them. I’d respect them more if they put their money where their mouth was.
Similar to how none of these people have kids or grandkids in public schools yet turn their nose up at St. George citizens wanting better schools.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News