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Herc Holdings Completes Acquisition of H&E Equipment Services

Herc Holdings completed the acquisition of H&E Equipment Services, enhancing its position in the rental industry with expanded regional presence, larger fleet, and focus on customer service and safety. The agreement involved cash and stock options. H&E's common stock is delisted from NASDAQ post-acquisition.

Mon June 02, 2025 - National Edition #13
Herc Holdings


Herc Holdings Inc. announced that it has completed its acquisition of H&E Equipment Services Inc.

"The acquisition of H&E accelerates Herc's proven strategy and strengthens our position as a premier rental company in North America," said Larry Silber, Herc Rentals' president and chief executive officer. "The addition of H&E's network and capabilities provides Herc with a leading presence in 11 of the top 20 rental regions, a larger fleet that provides our customers with a range of specialty and general rental products and a talented team who shares our focus on excellence in customer service and safety. We are excited to realize the substantial upside ahead for industry leading growth and superior value creation."

Under the terms of the merger agreement, Herc Rentals acquired all of the issued and outstanding shares of H&E's common stock for, on a per share basis, $78.75 in cash and 0.1287 shares of Herc Rentals common stock. With the completion of the transaction, shares of H&E common stock have ceased trading and will no longer be listed on the NASDAQ.

For more information, visit HercRentals.com




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