Herc Holdings Inc. (NYSE:HRI) entered a purchase agreement to acquire Cloverdale Equipment Co. on March 15, 2022. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the second quarter of 2022. Herc expects the acquisition to be accretive to earnings in the first year.

Herc Holdings Inc. (NYSE:HRI) completed the acquisition of Cloverdale Equipment Co. for approximately $180 million in April 19, 2022.