Herc Rentals to Merge With H&E After Outbidding United
Fourth, Fifth-Ranked Equipment Suppliers to Team Up
Following the deal, Herc said the combined company would have a leading presence in 11 of the top 20 rental regions and increased urban density in seven of the top 10 rental regions. (Herc Rentals)
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Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.
Herc ranks No. 4 among equipment rental suppliers, according to Transport Topics data, while H&E ranks No. 5. United is the top-ranked company in the sector.
The nearly $3.9 billion cash-and-stock offer, which is binding, is worth around $476 million or 14% more tha…
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