Add-on Acquisition • Business Services

H&E Rentals Acquires Lewistown

On April 11, 2024, H&E Rentals acquired business services company Lewistown

Acquisition Context
  • This is H&E Rentals’ 7th transaction in the Business Services sector.
  • This is H&E Rentals’ 11th transaction in the United States.
  • This is H&E Rentals’ 1st transaction in Montana.

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M&A Deal Summary

Date April 11, 2024
Target Lewistown
Sector Business Services
Buyer(s) H&E Rentals
Deal Type Add-on Acquisition

Target Company

Lewistown

Lewistown, Montana, United States
Lewistown is an equipment rental business that serves multiple end markets, including non-residential, industrial, and agriculture. Its products include air compressors, floor tools, lifts, and pumps. Lewistown is based in Lewistown, Montana.
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Buyer Overview 1

Buyer

H&E Rentals

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 Rentals 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 Rentals was founded in 1961 and is based in Baton Rouge, Louisiana.


Deal Context for Buyer #
Overall 11 of 11
Sector: Business Services 7 of 7
Type: Add-on Acquisition 10 of 10
State: Montana 1 of 1
Country: United States 11 of 11
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Precision Rentals

El Mirage, Arizona, United States

Precision Rentals is an equipment rental business that offers a mix of general rental assets with a total fleet size, as measured by original equipment cost. Precision Rentals was formed in 2006 and is based in El Mirage, Arizona.

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