H&E Equipment Services completed its acquisition of Rental Inc., a non-residential construction-focused equipment rental company with five branches located throughout Alabama and Florida and assets including approximately $35 million of fleet based on original equipment cost.
John Engquist, H&E’s CEO, said, “We are quickly executing on our stated strategy of expanding our business through the acquisition of rental companies. Since January, we have acquired two well-run businesses that complement our existing operations and broaden our geographic footprint. With the acquisitions of CEC and Rental Inc., we have added eight branches and increased our total branch count to 88. We are continuing to evaluate additional acquisitions in addition to expanding through Greenfield and warm start growth.”
H&E is one of the largest integrated equipment services companies in the U.S. with 88 full-service facilities throughout the West Coast, Intermountain, Southwest, Gulf Coast, Mid-Atlantic and Southeast regions.
The company is focused on heavy construction and industrial equipment and rents, sells and provides parts and services support for four core categories of specialized equipment: hi-lift or aerial platform equipment, cranes, earthmoving equipment and industrial lift trucks.
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