Equipment rental company H&E Equipment Services signed a definitive agreement to acquire Lewistown Rental, a Lewistown, MT-based equipment rental business, and three of its affiliated rental operations in Havre, Glasgow and Great Falls, MT. Each location serves multiple end markets, including non-residential, industrial and agriculture.
Lewistown Rental and its affiliates deploy a fleet of equipment with a total estimated fleet value, as measured by original equipment cost, of $28.5 million. The transaction is expected to close in Q2/24, following the satisfaction of customary closing conditions.
“Lewistown Rental, together with its affiliated operations, has demonstrated impressive growth over the past several years by addressing a unique customer base across underserved markets in northern and central Montana, utilizing a diverse and comprehensive mix of equipment,” Brad Barber, CEO of H&E Equipment Services, said. “Growth prospects in this region and across the state of Montana continue to improve, with rising demand in non-residential construction, including commercial and infrastructure projects, industrial activities and agricultural production. The transaction is expected to complement our existing branch locations in the cities of Billings and Belgrade.”
Following the close of the transaction, H&E Equipment Services’ equipment rental operations will extend across 145 locations in 30 states.
