Herc gatecrashes United Rental’s H&E takeover with $5.3bn bid

H&E accepts a counter merger offer. See who it’s from

Roughly one month after announcing it was being acquired, Baton Rouge-based H&E Equipment Services Inc. has received a separate binding acquisition proposal and merger agreement from Herc Holdings Inc., one of North America’s leading equipment rental suppliers.  The acquisition proposal is pursuant to the “go-shop” provision as provided by H&E’s previously announced agreement with United Rentals Inc. H&E’s board of directors has determined that …

M amp A Report New year started with 3.4B sale of H amp E Equipment New Orleans CityBusiness

M&A activity in Louisiana started 2025 with a bang when Baton Rouge-based H&E Equipment Services agreed on January 13 to sell to United Rentals Inc. for $3.4 billion. United Rentals will acquire H&E for $92 per share in cash, plus the assumption of approximately $1.4 billion in net debt, reflecting a total enterprise value of approximately $4.8 billion. H&E Equipment Services, one of Louisiana’s few publicly traded companies, is a leading provid…

United Rentals to Abandon $3.4 Billion Purchase of H&E Equipment

United Rentals Inc. abandoned its plan to acquire H&E Equipment Services Inc., declining to increase its original offer of $3.4 billion for the rival construction equipment supplier.

Herc Holdings Confirms Superior Proposal to Acquire H&E Equipment Services

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Feb 18, 2025-

Herc gatecrashes United Rental’s H&E takeover with $5.3bn bid

Rival bid for H&E follows wave of consolidation in heavy equipment rental industry in recent years

Herc outbids United Rentals for merger with Baton Rouge-based H&E equipment rental

BATON ROUGE — Herc Holdings has outbid United Rentals for Baton Rouge-based H&E Equipment Services. Its offer of $104.89 per share is 14 percent higher than the $92 offered by United last month, a report at stocktitan.net said.Last month, Connecticut-based United Rentals announced it would acquire H&E in a $4.8 billion deal. It had been set to close by the close of business Tuesday but left open a window for H&E to entertain other offers.Herc sa…