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.
Herc CEO Larry Silber highlighted the acquisition as a key step in accelerating the company's growth strategy and enhancing long-term value through expanded capabilities and regional presence.
Monday, HRI closed at $115.78, down 6.63%, and remained flat in after-hours trading on the NYSE.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.