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...
BigRentz surpasses 14,000 supplier locations
The company reaffirms its commitment to improving customer experience by developing & investing in new technology, capabilities & features BigRentz has announced the significant achievement of surpassing 14,000 construction rental equipment supplier locations nationwide, further cementing the company’s position as a trusted industry leader and partner to equipment rental houses of all sizes. These new and existing locations...
Point of Rental Software acquires Record360
Acquisition to Expand Rental Inspection Software’s Reach Worldwide Record360, a rental inspection software solution, has been acquired by Point of Rental Software, the largest company globally in rental management software. The acquisition is designed to fuel Record360’s product development and growth, allowing the team to accelerate the pace of product innovation, increase its global footprint, and continue setting the standard for...
United Rentals announces Record Fourth Quarter and full-year 2023 results
United Rentals, Inc. has announced the financial results for the fourth quarter of 2023 and reported its full-year results on Form 10-K. The company also announced its full-year 2024 guidance and an enhanced capital allocation strategy focused on balancing growth and returns to drive shareholder value that includes a lower targeted full-cycle leverage range, its intention to repurchase $1.5 billion of common stock in 2024 and a 10%...
ARA announces industry contributor award recipients
Each year, the American Rental Association (ARA) honors individuals for outstanding service to the association and the equipment and event rental industry. The following are recipients of this year’s industry contributor awards, which will be presented at The ARA Show™ 2024 in New Orleans. Industry Ambassador Award: Byron Alleman This award recognizes an individual who has demonstrated long-term leadership and service to the...
H&E Equipment Services signs Definitive Agreement to acquire Phoenix-Based Precision Rentals
Based in Phoenix, Ariz., Precision operates a branch in Phoenix and a second location in Aurora, CO H&E Equipment Services just announced the signing of a definitive agreement to acquire the business of Precision Rentals. Based in Phoenix, Ariz., Precision operates a branch in Phoenix and a second location in Aurora, Colo. Precision offers a mix of general rental assets with a total fleet size, as measured by original equipment...
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