S&C Advises United Rentals in $4.8 Billion Acquisition of H&E Equipment Services

United Rentals, the largest equipment rental company in the world, agreed to acquire H&E Equipment Services for a total enterprise value of $4.8 billion, including approximately $1.4 billion of net debt.

H&E is one of the largest rental equipment companies in the nation, with a fleet comprised of aerial work platforms, earthmoving, material handling, and other general and specialty lines.

S&C previously advised United Rentals in numerous transactions, including its $1.1 billion acquisition of Yak in 2024; its $2 billion acquisition of Ahern Rentals in 2022; its $996 million acquisition of General Finance in 2021; and its $715 million acquisition of BakerCorp and $2.1 billion acquisition of BlueLine Rental, both in 2018.

The S&C team advising United Rentals on M&A matters includes Frank Aquila, Mimi Wu, Yaqi Han and Nicole Jiang. Neal McKnight and Joyce Lee are advising on financing matters. Heather Coleman and Rebecca Rabinowitz are advising on executive compensation and benefits matters. Mehdi Ansari is advising on intellectual property matters. Jameson Lloyd is advising on tax matters. Steven Holley and Bradley Smith are advising on antitrust matters.