
H&E Equipment Services’ acquisition of Precision Rentals adds approximately $70 million in original equipment to its fleet of construction rental equipment. (Source: Shutterstock)
Rental equipment company H&E Equipment Services Inc. completed the acquisition of Arizona-based equipment company Precision Rentals, H&E Equipment Services announced Jan. 2.
H&E Equipment Services supplies construction equipment to a variety of companies, including those in the energy industry. The acquisition adds to H&E’s presence in the Phoenix and Denver areas and adds approximately $70 million in original equipment to its fleet.
Following the closing of the transaction, H&E now operates 139 branch locations across 30 states in the U.S.
Recommended Reading
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Confirmed: Liberty Energy’s Chris Wright is 17th US Energy Secretary
2025-02-03 - Liberty Energy Founder Chris Wright, who was confirmed with bipartisan support on Feb. 3, aims to accelerate all forms of energy sources out of regulatory gridlock.
Michael Hillebrand Appointed Chairman of IPAA
2025-01-28 - Oil and gas executive Michael Hillebrand has been appointed chairman of the Independent Petroleum Association of America’s board of directors for a two-year term.
Geologist James Parr Joins Ring as EVP of Exploration, Geosciences
2024-11-26 - James Parr joins Ring Energy with over 30 years of experience as a petroleum geologist and leader in multiple energy organizations.
Are Shale Producers Getting Credit for Reining in Spending Frenzy?
2024-12-10 - An unusual reduction in producer hedging found in a Haynes and Boone survey suggests banks are newly open to negotiating credit terms, a signal of market rewards for E&P thrift.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.