Manitowoc to acquire the crane business of H&E Equipment Services for $130m.

Manitowoc, a global manufacturer of cranes and lifting solutions, agreed to acquire the crane business of H&E Equipment Services, one of the largest rental equipment companies in the US, for $130m. The acquisition of H&E’s crane business will expand Manitowoc’s ability to provide rentals, new sales, used sales, aftermarket parts, and service to a variety of end market customers. H&E’s crane business operates with eleven full-service branch locations.