Effective April 3, 2018, H&E Equipment Services Inc. (NASDAQ: HEES) announces it has completed its acquisition of Rental Inc., a non-residential construction-focused equipment rental company with five branches located throughout Alabama and Florida and assets including approximately $35 million of fleet based on original equipment cost.
John Engquist, H&E’s Chief Executive Officer, said, “We are quickly executing on our stated strategy of expanding our business through the acquisition of rental companies. Since January, we have acquired two well-run businesses that complement our existing operations and broaden our geographic footprint. With the acquisitions of CEC and Rental Inc., we have added eight branches and increased our total branch count to 88. We are continuing to evaluate additional acquisitions in addition to expanding through Greenfield and warm start growth.”