H&E Equipment to acquire Precision Rentals

Parradee Kietsirikul

• H&E Equipment (NASDAQ:HEES) announced on Monday that it has agreed to acquire the business of Precision Rentals, for an undisclosed sum.

• Precision Rentals is Phoenix, Arizona's heavy equipment rental company and operates a branch in Phoenix and a second location in Aurora, Colorado.

• The move is expected to expand the H&E customer base as branch density is increased across the Phoenix and Denver metropolitan areas.

• The deal is expected to close during the first quarter of 2024.

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