Lewistown Rental & Affiliates

Cherry Tree Advises Lewistown Rental & Affiliates on its Sale to H&E Equipment Services

Cherry Tree Advises Lewistown Rental & Affiliates on its Sale to H&E Equipment Services

H&E Equipment Services Completes Acquisition of Lewistown Rental and Affiliated Companies

H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) announced the completion of its acquisition of Montana-based Lewistown Rental and three of its affiliated companies located in Havre, Glasgow and Great Falls, Montana. The acquisition adds a comprehensive mix of equipment with an original equipment cost of approximately $28.5 million.

Brad Barber, chief executive officer of H&E, stated, “With the addition of these four locations, H&E now has six locations in the state of Montana, addressing customer needs across the state. The acquisition is our third in the last six months and is indicative of our continued focus on expanding our geographic reach in the U.S. We are encouraged by the growing prospects for non-residential, industrial, infrastructure and agricultural projects in Montana and look forward to establishing a strong presence in this vibrant state.”

With the close of the transaction, H&E now operates 145 branch locations across 30 states.

About H&E Equipment Services, Inc
Founded in 1961, H&E Equipment Services, Inc. is one of the largest rental equipment companies in the nation. The Company’s fleet is among the industry’s youngest and most versatile with a superior equipment mix comprised of aerial work platforms, earthmoving, material handling, and other general and specialty lines. H&E serves a diverse set of end markets in many high-growth geographies and has branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid-Atlantic regions.

 

Source: H&E Equipment Services

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