India, June 2 -- Herc Holdings Inc. (HRI), a top equipment rental supplier in North America, has completed the acquisition of H&E Equipment Services, Inc., operating as H&E Rentals.
The deal strengthens Herc's footprint in 11 of the 20 largest rental regions, expands its fleet across general and specialty rentals, and adds a team aligned with its customer service and safety standards.
As per the merger agreement, H&E shareholders received $78.75 in cash and 0.1287 shares of Herc stock per H&E share. Following the acquisition, H&E's common stock has been delisted from the NASDAQ.
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Herc CEO Larry Silber highlighted the acquisition as a key step in accelera...