H&E takes ‘final step’ towards rental

By Murray Pollok20 December 2022

H&E Equipment Services has agreed to sell its Komatsu distribution business in Louisiana to Waukesha-Pearce Industries (WPI), the Houston, Texas-based company that has interests in construction equipment and power.

The deal is a “final step” in H&E’s shift to become a pure equipment rental company and follows the previous sale of both its crane business and Arkansas earthmoving operation. The financial terms have not been disclosed.

H&E Equipment headquarters H&E’s corporate headquarters in Baton Rouge, Louisiana.

The transaction includes the distribution rights for Komatsu earthmoving equipment in Louisiana and southwestern Arkansas, along with a distribution facility in Kenner, Louisiana. WPI will also take over the lease on H&E’s distribution facility in Bossier City, Louisiana.

H&E will retain ownership of its rental fleet located at the remaining seven rental branches in Louisiana.

Brad Barber, CEO of H&E, said; “With the sale of our Komatsu earthmoving distributorship in the state of Louisiana, we are effectively completing our transformation to a pure-play rental business.

“This final step will allow us to sharpen our focus on the higher margin rental business as we continue our evaluation of strategic-growth opportunities in the equipment rental industry.”

H&E Equipment Services' new branch in Indio California A delivery from an H&E location in Indio, California, US. (Photo: H&E)

Founded in 1924 in Texas and now being run by the fourth generation of the Pearce family, WPI operates separate divisions for construction and energy.

Its construction business sells equipment in Texas, Louisiana and Southern Arkansas, including brands such as Komatsu, Takeuchi, Bomag, Sennebogen and NPK.

The energy services division operates throughout the USA and specialises in power generation, gas compression and drilling services.

Delivered directly to your inbox, Access, Lift & Handlers Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
Rouse Services launches fleet management system
Fleet Manager tool to support machine owners through ‘entire equipment lifecycle’
Deadline to enter SAIA Awards approaching
May 31 is the last day to submit entries for the annual SAIA Project and Member Awards
Your guide to World of Concrete 2023
Set to open Jan. 17, this year’s masonry-focused event features new programs, education and
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website

Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail: lindsey.anderson@khl.com
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: tony.radke@khl.com