H&E Equipment Services

H&E Equipment Services is a large, regional equipment supplier that specializes in providing equipment solutions throughout the western, southern and eastern United States. By revenue, they have been ranked the number seven equipment supplier on the RER100.

Is H&E Equipment Services a Publicly Traded Company?

H&E Equipment Services is a publicly traded company with the ticker symbol “HEES“. The company has multiple lines of business, including:

• rental (nearly 60% of their business)
• new equipment sales
• used equipment sales
• maintenance and repair

H&E Equipment Services is headquartered in Baton Rouge, Louisiana, USA.

The primary OEMs they carry, include:

• Komatsu – they are one of the largest Komatsu dealers, in total sales
• Manitowoc and Grove Crane – they claim to be the largest dealer in sales for these two brands
• Grove, Gehl, JLG and Bobcat

Who is the CEO of H&E Equipment Services?

The CEO of H&E Equipment Services is Brad Barber. Chris has been the CEO since 2019. Before that, from 2012 to 2019, he was the President and COO. Brad has spent his entire career with H&E.

How big is the H&E Equipment Services fleet?

They do not report on the number of assets in their rental fleet, but their Q3 2020 OEC (original equipment cost) was ~$1.8 billion.

What is the age of the H&E Equipment Services fleet?

Average rental fleet age at September 30, 2020, was 40.0 months compared to an industry average age of 50.7 months.

How many employees does H&E Equipment Services have?

There are over 2,000 employees in the company.

Does H&E Equipment Services sell their used assets?

H&E Equipment Services does sell their used equipment as a formal business offering. In Q3 2020, they did ~$40 million in used equipment sales. It’s mentioned that the primary source of used equipment is from their rental fleet, although some of their inventory comes through trade-ins on new equipment sales.

How many locations does H&E Equipment Services have?

H&E Equipment Services has over 90 locations across 23 American states and Washington, DC.

A map of all United States locations is below.

Image from he-equipment.com

What kind of equipment does H&E Equipment Services rent?

H&E Equipment Services rents a large range of assets, including some of the most commonly rented asset classes:

• Skid Steer Loaders
• Compact Track Loaders
• Scissor Lifts
• Boom Lifts
• Telehandlers
• Generators
• Light Towers
• Excavators
• Mini Excavators
• Dozers

They also sell or rent:

• forestry equipment
• concrete equipment
• industrial equipment

What is the H&E Equipment Services Logo?