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H&E EQUIPMENT SERVICES, INC.

(HEES)
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H&E Equipment Services : Opens New Facility in Knoxville, TN | Equipment Services

04/13/2021 | 03:40am EDT

Effective April 12, 2021, H&E Equipment Services Inc. (H&E) announces the opening of its Knoxville branch, the company's fifth location in Tennessee.

The new location is at 3521 E Governor John Sevier Highway, Knoxville, TN 37914-6320, phone 865-666-7900. The 5,000-square-foot facility sits on 5.5 acres with a fully fenced yard area, offices, parts warehouse, and a repair shop with four service bays. It is capable of servicing a variety of construction and general industrial equipment for customers in the eastern part of the state and supports existing facilities in Chattanooga, Nashville, and Asheville, NC.

The branch specializes in rental of aerial lifts, telescopic forklifts, earthmoving machinery, compaction equipment, generators, compressors, concrete, and landscaping equipment, and more that are represented by the following manufacturers: Atlas Copco, Blue Diamond, Bobcat, Bomag, Case, Club Car, Gehl, Generac Mobile, Genie, Hamm, JCB, JLG, John Deere, Kubota, Ledwell, Lincoln Electric, LayMor, Link-Belt Excavators, MEC, Miller, Multiquip, Okada, Polaris, Skyjack, SkyTrak, Sullair, Sullivan-Palatek, Takeuchi, Towmaster Trailers, Wacker Neuson, Yanmar, and others.

"The growth that we've been experiencing in the Knoxville area indicates a strong uptick in construction in the industrial and commercial sectors. With the enlargement of the Knoxville airport, major corporations are expanding into the metropolitan area, also creating a surge in the housing market," says Branch Manager John Rodriguez. "Between the project growth in the area and the proximity of our other branches to support one another with equipment, we are presented with a great opportunity here in Knoxville to provide our customers with exceptional service and capture a significant share of the region's business."

In addition to a large equipment rental fleet, the facility provides expanded new and used equipment sales, parts availability within 24 hours for most items, in-shop and mobile service repairs, training, and other value-added services.

Founded in 1961, H&E Equipment Services is one of the largest rental equipment companies in the nation, providing the higher standard in equipment rentals, sales, parts, and service. Branches are located throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions.

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
DEERE & COMPANY 1.56% 384 Delayed Quote.40.54%
H&E EQUIPMENT SERVICES, INC. 2.03% 38.61 Delayed Quote.29.52%
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Financials (USD)
Sales 2021 1 222 M - -
Net income 2021 56,4 M - -
Net Debt 2021 1 416 M - -
P/E ratio 2021 24,8x
Yield 2021 2,91%
Capitalization 1 376 M 1 376 M -
EV / Sales 2021 2,29x
EV / Sales 2022 2,04x
Nbr of Employees 2 254
Free-Float 88,2%
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 42,00 $
Last Close Price 38,61 $
Spread / Highest target 19,1%
Spread / Average Target 8,78%
Spread / Lowest Target -4,17%
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Managers and Directors
NameTitle
Bradley W. Barber Chief Executive Officer & Director
John McDowell Engquist President & Chief Operating Officer
Leslie S. Magee CFO, Secretary, Director & CAO
John Martindale Engquist Executive Chairman
Gary W. Bagley Independent Director
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