H&E Completes Acquisition of Texas-Based Construction Equipment Rental Company, We-Rent-It
Posted on February 04, 2019
Effective Feb. 4, 2019, H&E Equipment Services Inc. (NASDAQ: HEES) announces it has completed its acquisition of We-Rent-It (WRI), a non-residential construction-focused equipment rental company in Texas. The assets include approximately $75 million of fleet based on original equipment cost and six branches serving the growing central Texas market.
Brad Barber, H&E’s Chief Executive Officer and President, said, “With the WRI acquisition, we expand our presence to 22 branches in Texas and improve our ability to better serve the healthy markets in the central portion of the state. As a pillar of our growth strategy, we are continuing to pursue acquisitions that improve our density and complement our existing business within our footprint as well as enter new markets with solid non-residential construction demographics.”