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HEES - H&E Equipment Services Inc.


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H&E Equipment Services Inc. logo

H&E Equipment Services, Inc. operates as an integrated provider of equipment services across various sectors. Established in 1961 and headquartered in Baton Rouge, Louisiana, the company is structured into five distinct segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, Parts Sales, and Repair and Maintenance Services. These segments collectively support a diverse client base ranging from construction contractors and industrial entities to municipalities and maintenance contractors.

The Equipment Rentals division is a cornerstone of H&E's business model, offering a comprehensive fleet of approximately 42,725 pieces of equipment available for short-term rental durations spanning daily, weekly, and monthly terms. This segment caters extensively to the construction and industrial sectors, providing essential tools like hi-lift platforms, cranes, earthmoving equipment, and various material handling solutions.

Complementing its rental operations, the company's Used Equipment Sales segment manages the retail and trade-in sales of previously leased equipment, leveraging its expansive fleet to meet the secondary market demand. Meanwhile, the New Equipment Sales segment focuses on direct sales of brand-new construction equipment through a dedicated in-house sales force, ensuring clients have access to the latest technological advancements.

In addition to equipment transactions, H&E offers comprehensive Parts Sales and Repair and Maintenance Services. The Parts Sales division supplies replacement components for both customer-owned and rental fleet equipment, bolstering ongoing operational efficiency. Meanwhile, the Repair and Maintenance Services segment provides critical support through preventative maintenance and repair solutions, ensuring optimal performance and longevity of equipment across various industrial applications.

With a robust network encompassing 102 service facilities strategically located across the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions of the United States, H&E Equipment Services remains a pivotal player in the equipment services industry, dedicated to meeting the diverse needs of its broad client base with comprehensive, reliable, and innovative solutions.

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Stock Sector: Manufacturing: Industrial Equipment & Components

 

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