Announced
Financials
Sources
Tags
United States
Private
Equipment Rental
Acquisition
Pending
Single Bidder
Friendly
Majority
Domestic
crane business
Synopsis
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.
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