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.