Tag: H&E Equipment Services: Page 2

Dealers

In Aledo, H&E continues expansion with 16th branch opened in Texas

H&E Equipment Service opens new branch in Aledo, TX, which specializes in general construction equipment from a plethora of big name manufacturers.

June 11, 2018

Dealers

Business Roundup: Deere 2Q equipment sales leap 34%; H&E opens new Salt Lake City location; Deutz Power Centers now service, parts centers for Genie aerial lifts; E-Z Drill adds Mid Country Machinery to dealer network; Cat marketing Aurora plant for repurposing

This week Deere saw a sharp improvement in Q2 sales, E-Z Drill added Mid Country Machinery to dealer network, and H&E opened new Salt Lake City operation.

May 28, 2018

Dealers

H&E opens new Salt Lake City operation with two huge buildings and 10-acre yard

The two state-of-the-art buildings on 10 acres include 32 service bays, with two 20-ton and two 10-ton overhead cranes, and four 5-ton overhead cranes.

May 25, 2018

Dealers

H&E Equipment Services relocates Fort Collins, Colo., branch to expand service, repairs for customers in three states

H&E Equipment Services has relocated its branch serving the Fort Collins, Colorado, area to provide service and repairs to a larger volume of general industrial and construction equipment. The new location, at 429 East Mulberry Street, Fort Collins, provides full-service coverage to customers in northern Colorado, southeastern Wyoming, and western Nebraska, the company says. The […]

April 13, 2018

Dealers

H&E closes deal to buy Rental Inc. of Ala. and Fla.

H&E Equipment Services says it has completed its acquisition of Rental Inc., an equipment rental company that serves those in nonresidential construction from five branches throughout Alabama and Florida. While the final price was not disclosed this week, in announcing terms of the pending agreement last January, H&E said it expected to pay about $68.6 […]

April 5, 2018

Dealers

Business Roundup: Cat NA sales up 23%; Fecon opens up dealer portal to customers; Cat appoints new VP for building construction; Ariz. dealer wins top Ditch Witch honor; Elliott Equipment celebrates 70 years; Closner takes home top Roadtec dealer award

Caterpillar N. American dealer retail sales rise 23% in Jan. Caterpillar North American dealer total machine retail sales continued their double-digit rise, with January sales rising 23 percent compared to the previous year, mirroring December’s 23 percent year-over-year rise. Looking at just the construction portion of these retail sales statistics, North American Cat dealers saw […]

February 26, 2018

Dealers

In strong construction market, H&E reports 20.6% revenue hike for 4Q 2017

H&E 4Q earnings at a glance: Revenues gained by 20.6 percent Net income hit $85.9 million Rental revenues climbed 10.9 percent New equipment sales rose 65.9 percent  Used equipment sales up 28.8 percent Gaining momentum in rental and distribution businesses, H&E Equipment Services is reporting a hefty 20.6 percent gain in revenues to $294.7 million […]

February 22, 2018

Dealers

H&E Equipment to buy Rental Inc., expanding presence in Ala., Fla., western Ga.

H&E Equipment Services is buying Rental Inc., which has five branches located throughout Alabama and Florida. Under terms of the agreement, H&E is expected to pay about $68.6 million in cash for Rental Inc., subject to customary adjustments. The transaction is expected to close in the first quarter of 2018. The purchase is part of H&E’s ongoing […]

January 30, 2018

Dealers

H&E Equipment completes purchase of Contractors Equipment Center in Denver

H&E Equipment Services has completed its acquisition of Contractors Equipment Center (CEC) in the greater Denver, Colorado, area. The purchase is part of H&E’s ongoing strategy of acquiring rental companies to complement its existing business and footprint, the company says. This latest acquisition will augment H&E’s capabilities and efficiencies of scale in the market areas […]

January 5, 2018

Construction Equipment

Year in Review: The Biggest Construction Equipment News Stories of 2017

2017’s Top Newsmaker: Deere buys Wirtgen After identifying Wirtgen as an attractive strategic fit several years ago, John Deere pulled the trigger in a surprise move this June, buying German equipment manufacturer Wirtgen Group. The all-cash $5.2 billion deal gave Deere access to Wirtgen’s deep roots in roadbuilding and quarry equipment markets. The deal also […]

December 29, 2017

Dealers

H&E opens new Sacramento branch with upgraded facilities

H&E Equipment Services has moved its Sacramento-area branch to a larger, newly-constructed facility in the Sacramento city limits. The previous location was 17 miles away in Rancho Cordova, a neighboring city in Sacramento County. The new facility – one of eight H&E branches in California ­– is serving customers throughout Sacramento and surrounding areas, where […]

December 11, 2017

Dealers

Following Neff rejection H&E Equipment Services offers notes with eye toward acquisitions

H&E Equipment Services, who earlier this year made an offer for Neff Corporation that was superseded by a higher bid from United Rentals, announced that it will be offering $200 million in aggregate principal amount of its 5.625-percent Senior Notes due in 2025. In making the announcement, H&E said the proceeds from the new notes […]

November 21, 2017