H&E Completes Acquisition of Lewistown Rental and Affiliated Companies

Effective May 1, 2024, H&E Equipment Services Inc. (“H&E”) (NASDAQ: HEES) announces the completion of its acquisition of Montana-based Lewistown Rental and three of its affiliated companies located in Glasgow, Great Falls, and Havre, Montana. The acquisition adds a comprehensive mix of equipment with an original equipment cost of approximately $28.5 million.

Chief Executive Officer Brad Barber stated, “With the addition of these four locations, H&E now has six branches in the state of Montana, addressing customer needs across the state. The acquisition is our third in the last six months and is indicative of our continued focus on expanding our geographic reach in the U.S. We are encouraged by the growing prospects for non-residential, industrial, infrastructure, and agricultural projects in Montana and look forward to establishing a strong presence in this vibrant state.”

With the close of the transaction, H&E now operates 145 branch locations across 30 states.