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Herc Holdings Acquires H&E Equipment Services, Boosts Revenues

Herc Holdings Inc. has completed its acquisition of H&E Equipment Services, Inc. d/b/a H&E Rentals, a move that has significantly impacted the company's financial metrics. Herc's pro forma 2024 total revenues now stand at $5.1 billion, reflecting the combined strength of the two entities. With 613 locations across North America, Herc Holdings is positioned as a premier rental company in the region.

The acquisition was completed under the terms of the merger agreement, with Herc Rentals acquiring all of the issued and outstanding shares of H&E's common stock for $78.75 in cash and 0.1287 shares of Herc Rentals common stock per share. As a result, shares of H&E common stock have ceased trading and will no longer be listed on the NASDAQ.

Herc Holdings Inc.'s expanded fleet now provides customers with a range of specialty and general rental products, reinforcing the company's position as an industry leader. The addition of H&E's network and capabilities has also bolstered Herc's presence in 11 of the top 20 rental regions.

The company's workforce has also seen a significant increase, with approximately 10,500 employees now on board to support Herc Holdings' mission of helping customers work more efficiently, effectively, and safely. The acquisition is expected to drive industry-leading growth and superior value creation, aligning with Herc's focus on excellence in customer service and safety.

This acquisition marks a strategic milestone for Herc Holdings Inc., positioning the company for substantial growth and solidifying its role as a key player in the equipment rental industry. The market has reacted to these announcements by moving the company's shares -6.63% to a price of $115.78. For the full picture, make sure to review HERC HOLDINGS INC's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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