Equipment rental company H&E Equipment Services acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment. The acquisition includes three branch locations and a fleet size, as measured by original equipment cost, of approximately $13.4 million. The rental branches are in the cities of Ventura, Goleta and Santa Maria in California.
“The addition of Giffin’s equipment rental assets and facilities increases our branch density and assists in bridging our existing locations in Central and Southern California,” Brad Barber, CEO of H&E Equipment Services, said. “The improved density and continuity allow H&E to efficiently address the active non-residential construction market through extended regional coverage while providing meaningful expansion of our rental fleet within the existing branch structure. Throughout Giffin’s 93-year history in California, its employees have maintained a focus on strong customer service, reliable equipment and equipment solutions. We look forward to growing our rental fleet in these newly acquired locations while working closely with our new teams to expand our Central and Southern California business.”
Following the transaction, H&E Equipment Services’ equipment rental operations extend across 135 branch locations in 30 states, including 15 locations in California.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!