United Rentals, Inc.
United Rentals to Acquire H&E Equipment Services for $4.8 Billion
Summary
On January 13, 2025, United Rentals, Inc. announced its entry into a definitive agreement to acquire H&E Equipment Services, Inc. for $4.8 billion in cash, reflecting a total enterprise value of approximately $4.8 billion. The acquisition is expected to expand United Rentals' capacity in strategic U.S. markets and generate attractive risk-adjusted returns. The transaction, which has been unanimously approved by the boards of both companies, is subject to customary closing conditions and is expected to close in the first quarter of 2025.
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Exhibits (3)
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About United Rentals, Inc.
United Rentals, Inc. is a prominent player in the equipment rental industry in North America, providing rental services to a diverse range of industries. The company specializes in offering a comprehensive selection of construction and industrial equipment for short-term and long-term use. With an extensive catalog that includes everything from earthmoving machinery to aerial work platforms, United Rentals serves sectors such as construction, manufacturing, utility, and government operations. By enabling companies to access the necessary tools and machinery without the burden of ownership, United Rentals supports operational flexibility and cost-efficiency. Their strategic network of branch locations ensures prompt service and equipment availability, making it a preferred partner for projects of varying scales. As an industry leader, United Rentals plays a critical role in facilitating large infrastructure projects and enabling businesses to respond quickly to changing project demands, underscoring its significance in the broader economic landscape where construction and manufacturing are pivotal.
Official SEC Documents
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