United Rentals Expands with $4.8 Billion H&E Acquisition

Hey 👋, big moves are shaking up the equipment rental industry! United Rentals just announced plans to acquire H&E Equipment Services in a $4.8 billion deal, including $1.4 billion in net debt. This is not just any merger—it combines the largest and sixth-largest players in the North American market.

Here’s the scoop:

• Combined 2023 revenue: $15.7 billion.

• Fleet power: 64,000 units, valued at $2.9 billion (original cost).

• Market share boost: United Rentals inches from 15% to 16.5%.

Why it matters:

This acquisition will expand United’s presence in key US regions while enhancing access to specialty rentals for H&E’s customers. United expects $130 million in annual savings and $120 million in new revenue by year three, thanks to cross-selling synergies.

But it’s not just about numbers—H&E’s fleet is younger (average age: 40.8 months) and brings a fresh edge to United’s operations.