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News » US » H&E Equipment completes purchase of Denver rental company » published 5 Jan 2018

H&E Equipment completes purchase of Denver rental company

H&E Equipment Services has completed its acquisition of a construction equipment rental company located in the greater Denver area of Colorado.

The acquisition of Contractors Equipment Center (CEC) is part of H&E's ongoing strategy of acquiring rental companies to complement its existing business and footprint. The assets acquired include a fleet worth approximately US$84m, based on original equipment cost, as well as three branches serving end markets in non-residential construction and other sectors.

H&E’s chief executive officer John Engquist said: “We are very pleased to have finalized the CEC transaction, which doubles our branch count to six in Colorado, significantly expanding our presence in a strong non-residential construction market. Our collective teams have been working side-by-side since we announced the definitive agreement in late November in an effort to ensure a seamless integration process post-closing. As a result, our newly combined Colorado operations have solid momentum entering the New Year. CEC is extremely representative of the type of acquisitions we intend to actively pursue.”

 

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This article was published on 5 Jan 2018 (last updated on 5 Jan 2018).

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