Baton Rouge, La.-based H&E Equipment Service announced today that it will acquire Precision Rentals.
Precision Rentals, which has a fleet valued at about $70 million and an average equipment age of just more than 3 years, operates two branches in Phoenix and Aurora, Colo. The acquisition is expected to be finalized in the first quarter of 2024, pending regulatory approval, according to an H&E release.
The acquisition is part of H&E’s growth strategy, which has seen the addition of 17 stores through November. The Precision Rentals acquisition will further increase the company’s branch network, marking a significant step in H&E’s nationwide expansion efforts, according to the release.
This article was written using ChatGPT. Equipment Finance News uses published and non-published material, such as press releases and transcripts of live interviews, to generate AI-produced content. All AI-produced content is reviewed by EFN editors.
