Herc Holdings Extends Tender Offer for H&E Equipment Services

Under the terms of the tender offer, Herc is offering to acquire all outstanding shares of H&E Equipment Services at a price of $78.75 in cash along with 0.1287 shares of Herc common stock for each share of H&E. This offer is part of a merger agreement established on February 19, 2025, involving Herc, HR Merger Sub, Inc., and H&E.

The decision to extend the offer aims to provide additional time for meeting the remaining conditions outlined in the merger agreement. As specified, the offer remains subject to the conditions detailed in the Prospectus/Offer to Exchange dated March 19, 2025, along with associated documents filed with the U.S. Securities and Exchange Commission (SEC).

As of May 7, 2025, Herc Holdings has reported that a total of 11,999,305 shares of H&E have been validly tendered and not withdrawn, which represents approximately 32.73% of H&E's outstanding shares. Additionally, an extra 53,759 shares were tendered under guaranteed delivery procedures, contributing an approximate 0.15% to the total outstanding shares.

Computershare Trust Company, N.A. serves as the depository and paying agent for the tender offer. The successful completion of this acquisition is crucial for Herc as it seeks to enhance its operational capacity and market presence in the equipment rental industry.

Founded in 1965, Herc Holdings Inc. operates through its subsidiary, Herc Rentals Inc. The company is a comprehensive rental supplier with a wide-reaching network of 453 locations across North America. In 2024, Herc reported total revenues of around $3.6 billion. The company's extensive fleet includes aerial work platforms, earthmoving equipment, material handling machinery, trucks, trailers, air compressors, and more. Herc also offers ProSolutions®, a suite of industry-specific services that includes power generation, climate control, and professional-grade tools.

With a dedicated workforce of approximately 7,600 employees, Herc Holdings is committed to equipping its customers and communities to build a brighter future. For more information about Herc and its offerings, visit their website or follow them on social media platforms.

This strategic move by Herc Holdings highlights its proactive approach in expanding its business footprint while navigating the complexities of regulatory approvals and market dynamics. With the extension of the tender offer, stakeholders will be keenly observing how the acquisition unfolds in the coming weeks.