M&A Deal Summary

H&E Equipment Services Acquires One Source

On September 19, 2022, H&E Equipment Services acquired business services company One Source

Acquisition Highlights
  • This is H&E Equipment Services’ 4th transaction in the Business Services sector.
  • This is H&E Equipment Services’ 8th transaction in the United States.
  • This is H&E Equipment Services’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-09-19
Target One Source
Sector Business Services
Buyer(s) H&E Equipment Services
Deal Type Add-on Acquisition

Target

One Source

Plainfield, Illinois, United States
One Source is a provider of non-residential construction and industrial equipment with operations in the Midwest and Southern U.S. The company is employee-owned that operates 10 branches, including three locations in each Illinois and Indiana, two locations in Tennessee, and one in each Kentucky and Alabama. One Source is based in Plainfield, Illinois.

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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 8 of 11
Sector (Business Services) 4 of 7
Type (Add-on Acquisition) 8 of 10
State (Illinois) 1 of 1
Country (United States) 8 of 11
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 H&E Equipment Services - Crane Business

Baton Rouge, Louisiana, United States

H&E Equipment Services' Crane Business provides rentals, new sales, used sales, aftermarket parts, and service to a variety of end-market customers.

Sell $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Giffin Equipment - Rental Assets

United States

Giffin Equipment's Rental Assets includes three branch locations in the cities of Ventura, Goleta and Santa Maria.

Buy -
Mergr

Product

Company

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