Herc Holdings and H&E Equipment Services enter into definitive merger agreement
Acquisition Scales Herc’s Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Transaction Terms Same as Proposal Previously Announced on February 18, 2025 H&E Terminates Agreement with United Rentals Herc Holdings Inc., one of North America’s leading equipment rental suppliers, and H&E Equipment Services, Inc. d/b/a H&E Rentals (“H&E”)has announced that H&E has...
H&E opens new branch in Pensacola Florida
Effective January 6, 2025, H&E Rentals (H&E) announced the opening of its Pensacola branch, the company’s 15th facility in the state of Florida and its first of several new locations slated to open across the country this year. H&E operates in 31 states and opened 16 branches in 2024. The facility is located at 3381 Bill Metzger Lane, Pensacola, FL 32514-7070; phone 448 400-3100. It includes a fully fenced yard area,...
Rental Industry Don O’Neal passes
Rental industry veteran Don O’Neal died on January 3 in Grapevine, Texas, at 76. Born in Fort Worth, Texas, on April 25, 1947, he joined his father’s business, A-1 Rental, in the Dallas/Fort Worth area after graduating from the University of Texas. Together, they grew A-1 into a powerhouse in the DFW market. The O’Neals sold A-1 to Fort Lauderdale, Fla.-based NationsRent in the late 1990s. O’Neal became president of NationsRent. After...
H&E Rentals reports third quarter 2024 results with revenue off by 4%
Today, H&E Equipment Services, Inc. reported financial results for the third quarter, which ended on September 30, 2024. The report includes the Company’s branch expansion achievements, with the addition of eight new locations in the third quarter, expanding the Company’s branch network to 157 locations across 32 states. THIRD QUARTER 2024 SUMMARY WITH A COMPARISON TO THIRD QUARTER 2023 Revenues declined 4.0%...
Herc Holdings reports Nine Months 2024 results and updates 2024 Full Year Guidance
Record equipment rental revenue of $866 million, an increase of 13% Record total revenues of $965 million, an increase of 6% Rental pricing increased 2.3% year-over-year M&A and greenfield openings offset the impact of decelerating local-market revenue growth Net income increased 8% to $122 million, or $4.28 per diluted share Adjusted EBITDA of $446 million increased 9%; adjusted EBITDA margin of 46.2% Free cash flow of $218...
Mid-Week dates and return of Future of Equipment Rental Planned for The ARA Show 2025
The ARA Show will return to the Las Vegas Convention Center in 2025, featuring a mid-week schedule and the Future of Equipment Rental. Registration for The ARA Show 2025 opens Tuesday, September 24. Register early to benefit from incentive pricing through October 8 and advance pricing through January 26. The American Rental Association’s (ARA) annual trade show is a can’t miss event for those looking to discover what’s next in rental....
ARA’s US & Canada third-quarter economic forecast released
In its updated forecast, the American Rental Association (ARA) indicates that the United States equipment rental industry’s 2024 growth projection indicates softening. The most current projections indicate an 8.9% revenue increase in 2024, totaling $78.7 billion in construction and general tool rental revenue, and a 5.3% growth in 2025. This is a decrease from last quarter’s projected 9.7% increase, totaling $79.2 billion. Broken down...
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