M&A Deal Summary

H&E Equipment Services Acquires CEC Rentals

On November 21, 2017, H&E Equipment Services acquired business services company CEC Rentals for 122M USD

Acquisition Highlights
  • This is H&E Equipment Services’ 1st transaction in the Business Services sector.
  • This is H&E Equipment Services’ largest (disclosed) transaction.
  • This is H&E Equipment Services’ 5th transaction in the United States.
  • This is H&E Equipment Services’ 1st transaction in Colorado.

M&A Deal Summary

Date 2017-11-21
Target CEC Rentals
Sector Business Services
Buyer(s) H&E Equipment Services
Deal Type Add-on Acquisition
Deal Value 122M USD
Advisor(s) Catalyst Strategic Advisors LLC (Financial)
Holland & Hart LLP (Legal)

Target

CEC Rentals

Brighton, Colorado, United States
website
Contractors Equipment Center LLC is a non-residential construction focused equipment rental company located in the greater Denver, Colorado, area.

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Buyer(S) 1

Buyer

H&E Equipment Services

Baton Rouge, Louisiana, United States

website


Category Company
Founded 1961
Sector Business Services
Employees2,157
Revenue 1.1B USD (2021)
DESCRIPTION
H&E Equipment Services' corporate headquarters in Baton Rouge, Louisiana.
H&E Equipment Services' corporate headquarters in Baton Rouge, Louisiana.

H&E Equipment Services is a US integrated equipment services company focused on heavy construction and industrial equipment. H&E rents, sells and provides parts and services support for four core categories of specialized equipment. These include hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. H&E Equipment Services was founded in 1961 and is based in Baton Rouge, Louisiana.


DEAL STATS #
Overall 5 of 11
Sector (Business Services) 1 of 7
Type (Add-on Acquisition) 5 of 10
State (Colorado) 1 of 1
Country (United States) 5 of 11
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 J W Burress

Warrenton, Virginia, United States

Burress is a privately owned construction equipment distributor serving the mid-Atlantic markets from 12 locations. Burress’ principal business activity is the distribution of new and used equipment including parts and service for such equipment, which represents approximately 87-percent of the company’s 2006 audited revenues.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 Rental

Panama City Beach, Florida, United States

Rental, Inc. is a non-residential construction-focused equipment rental company with five branches located throughout Alabama and Florida.

Buy -