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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 12:21 pm to bayouteche
quote:
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.
In even moderately hot areas (a steady flow of new construction/expansion projects), equipment rental can be extremely lucrative. I imagine most of H&E's offices between Baton Rouge and Houston do particularly well.
Posted on 4/11/24 at 12:24 pm to goofball
quote:
In even moderately hot areas (a steady flow of new construction/expansion projects), equipment rental can be extremely lucrative. I imagine most of H&E's offices between Baton Rouge and Houston do particularly well.
A lot of construction companies have moved away from owning equipment these days, with the exception of specialty equipment. I know we have. Way too much headache maintaining and operating a fleet.
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 12:40 pm to JodyPlauche
Posted on 4/11/24 at 12:45 pm to JodyPlauche
quote:
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!
Damn. That's a stand up move on H&E's part.
I will still throw shade at Engquist for being against St. George and supporting Broom while having his corporate HQ far, far away from Baton Rouge's downtown. But this makes it harder to hate him personally.
Posted on 4/11/24 at 12:46 pm to bayouteche
quote:
I’m curious about the profit obtained on a rental during the machine’s life cycle. It has to be pretty healthy
Well when your company forgets it has equipment on rent for 6-8 months at a time it can become pretty lucrative.
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 12:49 pm to DiamondDog
quote:
Well when your company forgets it has equipment on rent for 6-8 months at a time it can become pretty lucrative.
I've seen a construction company accidentally frame in and drywall a scissor lift into a small mechanical space that was inaccessible after construction.
It's probably still there in between those walls. They'll find it when they eventually tear the building down decades from now. I guess the rental company filed an insurance claim on it.
This post was edited on 4/11/24 at 12:50 pm
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
Posted on 4/11/24 at 1:28 pm to DiamondDog
quote:
Well when your company forgets it has equipment on rent for 6-8 months at a time it can become pretty lucrative.
Yep. But in the flip side, the rental company better have a damn good handle on their operations and tracking what's out on rent, etc.
I used to deal with United Rentals a lot and they were generally just too big for their own good and were almost like dealing with a government entity at times.
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