H&E launches recruitment drive
By Murray Pollok19 June 2012
H&E Equipment Services said it has started an "aggressive" recruitment programme to add senior executives, branch managers and sales representatives in support of its US rental expansion.
The company, which is seeing increased demand for its rental services, is seeking to add rental locations to strengthen its network. The company has 65 locations, with most of its revenues generated in the Gulf Coast and intermountain regions of the USA.
It is looking for new locations and will make acquisitions where opportunities arise.
Brad Barber, chief operating officer of H&E Equipment Services, said; "With the strength of our balance sheet and existing relationships we are well positioned to take advantage of, what we see as, the continuing improvement in the rental sector by organically enlarging our footprint in line with our previously disclosed growth strategy."
The business, based in Baton Rouge, Louisiana, reported a 28% increase in rental revenues in 2011 and said it will "significantly" increase fleet capital expenditure this year from the US$155 million gross investment in 2011.
H&E is benefiting in particular from energy-related activity in the Gulf Coast and intermountain areas.