H&E Equipment Services - M&A Summary and Business Overview

Business ServicesCompany

H&E Equipment Services M&A Summary

H&E Equipment Services has acquired 11 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

H&E Equipment Services’ largest acquisition to date was in 2017, when it acquired Contractors Equipment Center for $122M. It’s largest disclosed sale occurred in 2021, when it sold H&E Equipment Services - Crane Business to The Manitowoc Company for $130M. H&E Equipment Services has acquired in 10 different US states. The Company’s most targeted sectors include business services (64%) and machinery (37%).

H&E Equipment Services Business Overview

Where is H&E Equipment Services headquartered?

H&E Equipment Services is headquartered in Baton Rouge, Louisiana.

What is H&E Equipment Services’ revenue?

H&E Equipment Services disclosed revenue of 1,063M USD for 2021 and 1,169M USD for 2020.

How many employees does H&E Equipment Services have?

H&E Equipment Services has 2,157 employees.

What sector is H&E Equipment Services in?

H&E Equipment Services is a business services company.

When was H&E Equipment Services founded?

H&E Equipment Services was founded in 1961.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity11
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 1

H&E Equipment Services

H&E Equipment Services, Inc.

7500 Pecue Lane,
Baton Rouge, Louisiana 70809
United States,
(255) 298-5200
www.he-equipment.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 7 - - 1 2 1 11
vol $122M $122M
Sell (0.2/yr) # - - 1 - - - 1
vol $130M $130M
  12

Most Recent M&A

Company Date Value Type
Lewistown Rental 2024-04-11 - Add-on Acquisition
Lewistown, Montana · www.lewistownrental.com
Precision Rentals 2023-12-11 - Add-on Acquisition
El Mirage, Arizona · www.equipmentrentalphoenix.com
Giffin Equipment - Rental Assets 2023-11-01 - Divestiture
, United States
One Source Equipment Rentals, Inc. 2022-09-19 - Add-on Acquisition
Plainfield, Illinois · www.onesourcerental.com
H&E Equipment Services - Crane Business 2021-07-20 130M USD Divestiture
Baton Rouge, Louisiana
We Rent It Equipment & Tool Rentals 2019-01-08 - Add-on Acquisition
Bastrop, Texas · www.werentit.com
Rental, Inc. 2018-01-29 - Add-on Acquisition
Panama City Beach, Florida · www.rentalinc.net
Contractors Equipment Center LLC 2017-11-21 122M USD Add-on Acquisition
Brighton, Colorado · www.cecrents.com
J W Burress, Inc. 2007-09-01 - Add-on Acquisition
Warrenton, Virginia · www.jwburress.com
Eagle High Reach Equipment LLC 2006-02-28 - Add-on Acquisition
La Mirada, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 7 (64%) 122M (100%) 1 (100%) 130M (100%)
Machinery 4 (36%) - - -
Total 11 $122M 1 $130M

By Geo

State/Country Buy Value Sell Value
United States 11 122M 1 130M
  Colorado 1 122M - -
  California 1 - - -
  Arizona 1 - - -
  Virginia 1 - - -
  Utah 1 - - -
  Texas 1 - - -
  Montana 1 - - -
  Illinois 1 - - -
  Florida 1 - - -
  Louisiana - - 1 130M
Total 11 $122M 1 $130M

Top M&A Advisors

Legal Deals
Dechert
1

Deal Values

buy # Total
$100M to $1B 1 $122M
TOTAL $122M
Largest Contractors Equipment Center LLC
$122M (2017-11-21)
sell # Total
$100M to $1B 1 $130M
TOTAL $130M
Largest H&E Equipment Services - Crane Business
$130M (2021-07-20)

M&A Connections

Deals
Acquired from
Investor(s)
18%
2 (18%)
Strategic(s)
9%
1 (9%)
Divested to
Strategic(s)
100%
1 (100%)

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