United Rentals to Buy H&E Equipment Services for $3.4B

H&E Share Price Soars; Analysts Say Company, Sector Is Undervalued

United said the deal was consistent with its “grow the core” strategy. (Luke Sharrett/Bloomberg News)

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United Rentals agreed to buy H&E Equipment Services for $3.4 billion in cash, adding to the Stamford, Conn.-based company’s construction and industrial markets equipment fleet.

United ranks No. 11 on the Transport Topics Top 100 list of the largest private carriers in North America. On the sector list of top equipment rental providers, United ranks No. 1 and H&E No. 5.

H&E has approximately 2,900 employees, around 64,000 pieces of rental equipment and about 160 branches in over 30 U.S. states. …

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