Montana deal for H&E Equipment

H&E Equipment Services has agreed to buy Lewistown Rental, a Montana-based equipment rental business located in Lewistown.

Included in the deal is its three sister rental businesses, all in Montana: Hi-Line Rental (Havre), Glasgow Rental (Glasgow) and Golden Triangle Rental (Great Falls).

The acquired operations have a fleet valued of $28.5 million, at original cost, and the deal is expected to close in the second quarter of 2024.

Brad Barber, chief executive officer of H&E, said; “Lewistown Rental, together with its affiliated operations, has demonstrated impressive growth over the past several years by addressing a unique customer base across underserved markets in northern and central Montana, utilizing a diverse and comprehensive mix of equipment.

“Growth prospects in this region and across the state of Montana continue to improve, with rising demand in non-residential construction, including commercial and infrastructure projects, industrial activities and agricultural production.”

Following the latest acquisition, H&E will have 145 rental locations in 30 US states. (Image: H&E websise)

H&E said the acquisition would complement its existing branch locations in the Billings and Belgrade.

The company now has 145 locations in 30 US states.