H&E Equipment Services, Inc. acquired Rental Assets of Giffin Equipment.
November 31, 2023
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H&E Equipment Services, Inc. (NasdaqGS:HEES) acquired Rental Assets of Giffin Equipment on November 1, 2023. The acquisition, which closed earlier today, includes three branch locations and a fleet size, as measured by original equipment cost, of approximately $13.4 million. The rental branches are in the cities of Ventura, Goleta and Santa Maria.
H&E Equipment Services, Inc. (NasdaqGS:HEES) completed the acquisition of Rental Assets of Giffin Equipment on November 1, 2023
H&E Equipment Services, Inc. is a rental equipment company. The Companyâs segments include Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales and Repair and Maintenance Services. Equipment rentals segment includes rental operations and primarily rents core types of construction and industrial equipment. Sales of Rental Equipment segment used sales are generated primarily from sales from its rental fleet. Sales of New Equipment segment sells equipment through a professional sales force. Parts Sales segment provides parts for its own rental fleet and sells parts for the equipment it sells. Services segment includes maintenance and repair services for its own rental fleet and for its customersâ equipment at its facilities as well as at its customersâ locations. It operates 139 branch locations across 30 states. It serves branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid-Atlantic regions.
H&E EQUIPMENT SERVICES, INC. 
