M&A Deal Summary

H&E Equipment Services Acquires Icm Equipment

On June 1, 2002, H&E Equipment Services acquired machinery company Icm Equipment from BRS

Acquisition Highlights
  • This is H&E Equipment Services’ 2nd transaction in the Machinery sector.
  • This is H&E Equipment Services’ 2nd transaction in the United States.
  • This is H&E Equipment Services’ 1st transaction in Utah.

M&A Deal Summary
Date 2002-06-01
Target Icm Equipment
Sector Machinery
Buyer(s) H&E Equipment Services
Sellers(s) BRS
Deal Type Add-on Acquisition

Target

Icm Equipment

Salt Lake City, Utah, United States
Icm Equipment Company is an equipment distributor, specializing in rentals, sales, training, service and parts for equipment used in the construction, industrial, mining, material handling and agricultural industries.

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Buyer(S) 1

Buyer

H&E Equipment Services

Baton Rouge, Louisiana, United States
Category Company
Founded 1961
Sector Business Services
Employees2,765
Revenue 1.5B USD (2023)
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 2 of 11
Sector (Machinery) 2 of 4
Type (Add-on Acquisition) 2 of 10
State (Utah) 1 of 1
Country (United States) 2 of 11
Year (2002) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Head & Engquist Equipment

United States

In 1961, Thomas Engquist founded Head & Engquist Equipment with a customer, a Houston-based contractor named Frank Head. The two men recognized the potential for the equipment business in the fast-growing Gulf Coast region

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-28 Eagle High Reach Equipment

La Mirada, California, United States

Eagle is a privately-held construction and industrial equipment rental company serving the southern California construction and industrial markets out of five locations.

Buy -

Seller(S) 1

SELLER

BRS

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BRS is a private equity investment firm that specializes in management buyouts and recapitalizations of middle-market companies with strong market positions and growth potential. Broad areas of interest include consumer products, consumer services, food/nutrition, restaurants, retail, and distribution. BRS looks to commit $10 to $25 million per transaction. BRS was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 5 of 35
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 2 of 7
State (Utah) 1 of 1
Country (United States) 5 of 33
Year (2002) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Head & Engquist Equipment

United States

In 1961, Thomas Engquist founded Head & Engquist Equipment with a customer, a Houston-based contractor named Frank Head. The two men recognized the potential for the equipment business in the fast-growing Gulf Coast region

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-18 MWI Animal Health

Meridian, Idaho, United States

MWI Animal Health is a supplier of animal health products to the veterinary profession. MWI distributes pharmaceuticals, biologicals, equipment and supplies to both the food animal and companion animal markets.

Buy -
Mergr

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