H&E Equipment Services Signs Definitive Agreement to Acquire Precision Rentals

BATON ROUGE, La. – H&E Equipment Services, Inc. has announced the signing of a definitive agreement to acquire the business of Precision Rentals. Based in Phoenix, Arizona, the company operates a branch in Phoenix and a second location in Aurora, Colorado. Precision offers a mix of general rental assets with a total fleet size, as measured by original equipment cost, of approximately $70 million and an attractive average fleet age of 37 months. The transaction is expected to close during the first quarter of 2024, following regulatory clearance and other customary closing conditions.