Summary
In this episode of Leading the Charge, hosts Kevin and Tim discuss the unexpected acquisition of H&E Rentals by Herc Holdings, a move that has surprised many in the industry. They explore the implications of this acquisition, including market confidence, funding strategies, and potential synergies. The conversation also touches on the global impact of such mergers and future prospects for the rental industry, particularly in the context of the U.S. economy's performance compared to Europe.
Takeaways
- The acquisition of H&E Rentals by Herc Holdings represents the largest merger in rental history, catching many off guard due to Herc’s history of organic growth.
- Confidence in the U.S. economy is high, with this deal valued at $5.2 billion, with 75% in cash and 25% in Herc stock.
- Industry giants will continue to battle as United Rentals has a proven strategy of acquisitions in the U.S. and abroad.
- Evolving global rental market finds U.S. thriving, while European counterparts struggle with lower margins and intense competition.
Get all the details and more at https://www.LeadingTheCharge.io
======================
GUESTS
Jeff Eisenberg
Consultant / Principal, Claremont Consulting
https://www.linkedin.com/in/jeff-eisenberg-mba/
URLs
Herc Holdings Inc.
https://www.hercrentals.com
https://ir.hercrentals.com/news/news-details/2025/Herc-Holdings-and-HE-Equipment-Services-Enter-into-Definitive-Merger-Agreement/default.aspx
https://ir.hercrentals.com/news/news-details/2025/Herc-Holdings-Confirms-Superior-Proposal-to-Acquire-HE-Equipment-Services/default.aspx
United Rentals
https://www.unitedrentals.com
https://investors.unitedrentals.com/press-releases/press-releases-details/2025/United-Rentals-Inc.-Will-No-Longer-Pursue-the-Acquisition-of-HE-Equipment-Services-Inc/default.aspx
======================
Company: https://www.POWR2.com
LinkedIn: https://www.linkedin.com/company/powr2
Tim Doling: https://www.linkedin.com/in/tdoling
Kevin Sturmer: https://www.linkedin.com/in/kevin-sturmer
DISCLAIMER
Any statements or views expressed by hosts or guests on Leading the Charge are entirely their own and do not necessarily reflect the opinions or positions of POWR2, their partners, or affiliates.
CHAPTERS
00:00 Introduction to the Acquisition Landscape
02:50 Herc's Surprising Acquisition Strategy
10:18 Market Confidence and Future Implications
15:56 Global Impact of the Merger
19:22 Future Prospects in the Rental Industry