Herc Holdings reports strong First Quarter 2024 and affirms 2024 full-year guidance
Record first quarter total revenues of $804 million, an increase of 9% Net income decreased 3% to $65 million, or $2.29 per diluted share Adjusted EBITDA of $339 million increased 10%; adjusted EBITDA margin increased to 42.2% Rental pricing increased 5.1% year-over-year Added 15 new locations through M&A and greenfield openings Corporate credit rating upgraded by S&P Global to BB Herc Holdings Inc. has reported financial...
H&E opens new branch in the Decatur AL area
Effective April 1, 2024, H&E Rentals (H&E) announces the opening of its Decatur branch, the sixth general rental equipment location in the state of Alabama. Since the second quarter of 2023, H&E has opened 16 new branches across the country and acquired five others. The facility is located at 930 Old Trinity Road, Trinity, AL 35673-6556, phone 256 916-2900. It includes a fully fenced yard area, offices, and a repair shop...
Cooper Equipment Rentals acquires Action Equipment Rentals
Cooper Equipment Rentals Limited has acquired 100 percent of the shares of Red Deer, Alberta-based Action Equipment Rentals Inc. Action was formed in 1991 by Reginald Bloomfield and his father Ray Bloomfield in Sundre, Alberta, to serve the Central Alberta market. The company opened a second location in Red Deer about a year later. In 2015, Action consolidated operations in Red Deer, and under the leadership of general manager Gabriel...
Herc Rentals acquire MAC Equipment
Herc Rentals has acquired MAC Equipment in Albany, NY from Rob and Janice Miller. MAC Equipment was founded in 2001 by Rob Miller who rented aerial, forklifts, and telehandlers. Janice Miller joined the business in 2005. Janice Miller, Owner and Managing Member of MAC Equipment, LLC was elected President of the Northeastern Subcontractors Association (NESCA) for the 2021-2022 term. As of July 1, Janice has been serving as the 49th...
The ARA Show heads west to Las Vegas in 2025
Next year, The ARA Show™ will head back to Las Vegas and the Las Vegas Convention Center. A full day of education will begin the show on Wednesday, Jan. 29, followed by the three-day trade show from Thursday, Jan. 30, through Saturday, Feb. 1. Future of Equipment Rental will return in 2025 and take place on Tuesday, Jan. 28 As planning begins for 2025, attendees and exhibitors should note the change in days of the week from a typical...
H&E Equipment Services report Fourth Quarter and Full Year 2023 results
H&E Equipment Services, Inc. has announced results for the fourth quarter and full year ended December 31, 2023, with record strategic expansion, impressive revenue growth, and steady margin appreciation contributing to another year of record financial performance. On October 1, 2021, the Company sold its crane business, (the “Crane Sale”). All results and comparisons for the periods reported are presented on a continuing...
Borgman Capital sells Aerial Work Platforms, Inc. to Herc Rentals Inc.
Borgman Capital, a lower middle market private equity firm, announced the sale of its portfolio company Aerial Work Platforms, Inc. (“AWP”), an equipment rental company, to Herc Rentals Inc. Terms of the transaction were not disclosed. Founded in 1979, AWP specializes in the rental, service, and sale of aerial lift equipment including scissor lifts, boom lifts, telehandlers, and forklifts. Borgman Capital acquired AWP in December 2020...
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