H&E Equipment Services Merges with Herc Holdings

H&E Equipment Services ( (HEES) ) has issued an announcement.

On February 19, 2025, H&E Equipment Services entered into a merger agreement with Herc Holdings, leading to the acquisition of H&E by Herc in a cash and stock transaction. This strategic move aims to enhance Herc’s growth strategy, creating the third-largest rental company in North America with significant synergies and improved financial profiles. The merger, expected to close mid-2025, will see H&E shareholders owning a significant portion of the combined entity, promising substantial benefits for stakeholders.

More about H&E Equipment Services

Founded in 1961, H&E Equipment Services, Inc. is one of the largest rental equipment companies in the United States. The company offers a diverse fleet including aerial work platforms, earthmoving, and material handling equipment, serving various high-growth markets across regions like the Pacific Northwest, West Coast, and Southeast.

YTD Price Performance: 108.05%

Average Trading Volume: 886,176

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.68B

For an in-depth examination of HEES stock, go to TipRanks’ Stock Analysis page.