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H&E Equipment Services acquires We-Rent-It

Jan. 08, 2019 9:32 AM ETH&E Equipment Services, Inc. (HEES) StockBy: Akanksha Bakshi, SA News Editor1 Comment
  • H&E Equipment Services (NASDAQ:HEES) announced the acquisition of We-Rent-It (WRI), a non-residential construction-focused equipment rental company with six branches in central Texas market.
  • WRI generated revenues of ~$35.6M for the last twelve months and its fleet size was $75.9M, based on original equipment cost.
  • H&E is expected to pay ~$100M in cash for WRI, subject to customary adjustments.
  • The transaction is expected to close in 1Q19 and is subject to customary closing conditions.

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