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United Rentals to Acquire H&E Equipment for $4.8B

1/15/2025

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Summary

Story summary

United Rentals is set to acquire H&E Equipment Services for $4.8 billion, which includes $1.4 billion in debt.
The acquisition features a cash offer of $92 per share and is projected to finalize in Q1 2025.
United Rentals expects to achieve $130 million in annual cost synergies within two years.
This acquisition supports United Rentals' strategy to expand its core business and improve customer service.

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Story summary

United Rentals is set to acquire H&E Equipment Services for $4.8 billion, which includes $1.4 billion in debt.
The acquisition features a cash offer of $92 per share and is projected to finalize in Q1 2025.
United Rentals expects to achieve $130 million in annual cost synergies within two years.
This acquisition supports United Rentals' strategy to expand its core business and improve customer service.