H&E Equipment Services Inc

Acquired Entity
Equipment Rental & Leasing (Construction & Industrial)

Strategic Profile

The H&E acquisition by Herc Rentals marked the largest equipment rental industry acquisition, providing Herc with 25% more specialty locations, a stronger sales network, expanded share in local and regional accounts, and greater density in top metropolitan markets. H&E operated across four segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, and Parts/Service/Other Revenues, with Equipment Rentals providing construction and industrial equipment on daily, weekly, and monthly bases.

Cyborg Score Rationale

H&E Equipment Services is no longer an independent public company; it was acquired by Herc Holdings (NYSE: HRI) in June 2025 and is now a wholly-owned subsidiary. Performance should be evaluated within the parent company's consolidated results.

Top Insights

  • (June 2025) Acquired by Herc Holdings for $78.75 per share in cash plus 0.1287 Herc shares per share
  • (Q1 2026) Successfully integrated into Herc Rentals with expanded specialty locations and regional market presence
  • No longer trades as public entity on NASDAQ following acquisition completion
  • Primary strategic value derived from complementary fleet, sales network, and geographic density with parent company

Named Competitors

  • United Rentals — Major equipment rental and services provider
  • Herc Rentals — Parent company; leading North American equipment rental supplier

Recent Developments

  • (June 2025) Acquisition by Herc Holdings completed
  • (Q1 2026) H&E integration into Herc Rentals completed as largest industry acquisition

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