• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC TO-C filed by H&E Equipment Services Inc.

    1/14/25 9:58:39 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials
    Get the next $HEES alert in real time by email
    SC TO-C 1 tm253297d1_sctoc.htm SC TO-C

     

     

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE TO

     

    Tender Offer Statement under Section 14(d)(1) or 13(e)(1)

    of the Securities Exchange Act of 1934

     

    H&E EQUIPMENT SERVICES, INC.

    (Name of Subject Company (Issuer))

     

    UR MERGER SUB VII CORPORATION

    a wholly owned subsidiary of

     

    UNITED RENTALS (NORTH AMERICA), INC.

    a wholly owned subsidiary of

     

    UNITED RENTALS, INC.

    (Names of Filing Persons (Offerors))

     

    Common Stock, par value $0.01 per share

    (Title of Class of Securities)

     

    404030108

    (CUSIP Number of Class of Securities)

     

    Joli Gross

    UR Merger Sub VII Corporation

    100 Stamford Place, Suite 700

    Stamford, CT 06902

    (203)-618-7342

    (Name, address and telephone number of person authorized to receive notices and communications on behalf of the filing person)

     

    With a copy to:

    Francis J. Aquila

    Sullivan & Cromwell LLP

    125 Broad Street

    New York, NY 10004
    (212) 558-4000

     

    CALCULATION OF FILING FEE

     

    Transaction Valuation*   Amount of Filing Fee*
    N/A   N/A

     

    * Pursuant to General Instruction D to Schedule TO, a filing fee is not required in connection with this filing as it relates solely to preliminary communications made before the commencement of a tender offer.

     

    ¨ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

     

    Amount Previously Paid:  

    Not applicable

          Filing Party:  

    Not applicable

             
    Form of Registration No.  

    Not applicable

          Date Filed:  

    Not applicable

     

    x Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

     

    Check the appropriate boxes below to designate any transactions to which the statement relates:

     

    x third-party tender offer subject to Rule 14d-1.
    ¨ issuer tender offer subject to Rule 13e-4.
    ¨ going-private transaction subject to Rule 13e-3.
    ¨ amendment to Schedule 13D under Rule 13d-2.

     

    Check the following box if the filing is a final amendment reporting the results of the tender offer: ¨

     

     

     

     

     

     

    This filing relates solely to preliminary communications made before the commencement of a tender offer for the outstanding shares of Common Stock, par value $0.01 per share, of H&E Equipment Services, Inc. (“H&E”) by UR Merger Sub VII Corporation (“Merger Sub”), a wholly owned subsidiary of United Rentals (North America), Inc. (“URNA”), which is a wholly owned subsidiary of United Rentals, Inc. (“URI”).

     

    Additional Information

     

    This communication is for information purposes only and not intended to be a recommendation to buy, sell or hold securities and does not constitute an offer for the sale of, or the solicitation of an offer to buy, securities in any jurisdiction, including the United States. Any such offer will only be made by means of a prospectus or offering memorandum, and in compliance with applicable securities laws. At the time the tender offer is commenced, we will file, or will cause to be filed, tender offer materials on Schedule TO with the SEC and H&E will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC, in each case with respect to the tender offer. The tender offer materials (including an offer to purchase, a related letter of transmittal and other offer documents) and the solicitation/recommendation statement, as they may be amended from time to time, will contain important information that should be read carefully when they become available and considered before any decision is made with respect to the tender offer. Those materials and all other documents filed by, or caused to be filed by, URI and H&E with the SEC will be available at no charge on the SEC’s website at www.sec.gov. The tender offer materials and related materials also may be obtained for free (when available) under the “Financials—SEC Filings” section of our investor website at https://investors.unitedrentals.com/, and the Solicitation/Recommendation Statement and such other documents also may be obtained for free (when available) from H&E under the “Financial Information—SEC Filings” section of H&E’s investor website at https://investor.he-equipment.com/.

     

    Item 12. Exhibits

     

    Exhibit 99.1   Welcome Letter/FAQ to H&E Equipment Services, Inc. employees, dated January 14, 2025.

     

     

     

    Get the next $HEES alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $HEES

    DatePrice TargetRatingAnalyst
    1/17/2025$60.00 → $92.00Buy → Neutral
    UBS
    8/9/2024Sector Weight
    KeyBanc Capital Markets
    6/28/2024Mkt Perform
    Raymond James
    12/13/2022$53.00Buy
    B. Riley Securities
    3/11/2022$55.00Overweight
    Wells Fargo
    3/8/2022$45.00 → $48.00Neutral → Buy
    UBS
    More analyst ratings

    $HEES
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Wood Suzanne H returned 2,839 shares to the company, closing all direct ownership in the company (SEC Form 4)

    4 - H&E Equipment Services, Inc. (0001339605) (Issuer)

    6/2/25 4:25:12 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    Director Thompson Mary Patricia B returned 12,491 shares to the company, closing all direct ownership in the company (SEC Form 4)

    4 - H&E Equipment Services, Inc. (0001339605) (Issuer)

    6/2/25 4:21:17 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    Director Thomas Jacob returned 4,706 shares to the company, closing all direct ownership in the company (SEC Form 4)

    4 - H&E Equipment Services, Inc. (0001339605) (Issuer)

    6/2/25 4:19:23 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    $HEES
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Herc Holdings and H&E Equipment Services Announce Expiration of the Tender Offer to Acquire Shares of H&E Equipment Services and Expected Closing Date

    BONITA SPRINGS, Fla. and BATON ROUGE, La., May 30, 2025 (GLOBE NEWSWIRE) -- Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company") and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") announced today the expiration of the tender offer to exchange each outstanding share of H&E common stock (the "H&E Shares") for $78.75 in cash and 0.1287 shares of Herc common stock, in each case without interest (the "Offer", and such consideration, the "Offer Price"), pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub Inc. ("Merger Sub") and H&E (the "Merger Agreement"). The Offer, which was extended on May 23, 20

    5/30/25 8:30:41 AM ET
    $HEES
    $HRI
    Misc Corporate Leasing Services
    Industrials

    Herc Holdings and H&E Equipment Services Announce Expiration of the Tender Offer to Acquire Shares of H&E Equipment Services and Expected Closing Date

    Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company") and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") announced today the expiration of the tender offer to exchange each outstanding share of H&E common stock (the "H&E Shares") for $78.75 in cash and 0.1287 shares of Herc common stock, in each case without interest (the "Offer", and such consideration, the "Offer Price"), pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub Inc. ("Merger Sub") and H&E (the "Merger Agreement"). The Offer, which was extended on May 23, 2025, expired at one minute past 11:59 p.m. Eastern Time on May 29, 2025. The De

    5/30/25 8:30:00 AM ET
    $HEES
    $HRI
    Misc Corporate Leasing Services
    Industrials

    Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services

    Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company") announced today that it has extended its previously announced tender offer (the "Offer") to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E") common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the "Merger Agreement"). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on May 22, 2025, has been extended until one minute past 11:59 p.m. Eastern Tim

    5/23/25 8:30:00 AM ET
    $HEES
    $HRI
    Misc Corporate Leasing Services
    Industrials

    $HEES
    SEC Filings

    View All

    SEC Form 15-12G filed by H&E Equipment Services Inc.

    15-12G - H&E Equipment Services, Inc. (0001339605) (Filer)

    6/12/25 4:33:49 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    SEC Form S-8 POS filed by H&E Equipment Services Inc.

    S-8 POS - H&E Equipment Services, Inc. (0001339605) (Filer)

    6/2/25 8:06:17 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    SEC Form S-8 POS filed by H&E Equipment Services Inc.

    S-8 POS - H&E Equipment Services, Inc. (0001339605) (Filer)

    6/2/25 8:05:57 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    $HEES
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    H&E Equipment downgraded by UBS with a new price target

    UBS downgraded H&E Equipment from Buy to Neutral and set a new price target of $92.00 from $60.00 previously

    1/17/25 7:39:09 AM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    KeyBanc Capital Markets initiated coverage on H&E Equipment

    KeyBanc Capital Markets initiated coverage of H&E Equipment with a rating of Sector Weight

    8/9/24 7:31:25 AM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    Raymond James initiated coverage on H&E Equipment

    Raymond James initiated coverage of H&E Equipment with a rating of Mkt Perform

    6/28/24 7:41:54 AM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    $HEES
    Leadership Updates

    Live Leadership Updates

    View All

    H&E Equipment Services Appoints Suzanne H. Wood as Director

    H&E Equipment Services, Inc. (the "Company") (NASDAQ:HEES) announced effective March 13, 2023, Suzanne H. Wood has been appointed to the Company's Board of Directors (the "Board"). In connection with Ms. Wood's appointment, the size of the Board was expanded from ten to eleven directors. "Ms. Wood is highly qualified to serve as a director on the Board of the Company given her extensive experience in the construction and rental industries. She brings a wealth of industry knowledge to her role," says Executive Chairman and Director John Engquist. "We welcome Ms. Wood to our Board and look forward to her leadership and counsel." Ms. Wood, age 63, was Senior Vice President and Chief Financia

    3/15/23 7:55:00 AM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    H&E Equipment Services Announces Changes to Executive Management

    BATON ROUGE, La.--(BUSINESS WIRE)--H&E Equipment Services, Inc. (NASDAQ: HEES) today announced the appointment of John McDowell Engquist as President and Chief Operating Officer, effective January 1, 2021. Mr. Engquist will succeed current President, Bradley W. Barber, who has been President of the Company since November 2, 2012. Mr. Barber will continue in his role as a Director and the Chief Executive Officer of the Company. Mr. Engquist is the son of Mr. John Martindale Engquist, Executive Chairman of the Company. Mr. Barber commented, “John’s appointment as President and Chief Operating Officer recognizes his exemplary performance throughout his career with H&E. John’s operat

    12/17/20 4:05:00 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    $HEES
    Financials

    Live finance-specific insights

    View All

    H&E Rentals Provides Update on Quarterly Cash Dividend

    BATON ROUGE, La., May 19, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced at its recent quarterly meeting, the Company's Board of Directors elected not to declare a regular quarterly cash dividend scheduled for payment to stockholders in June 2025. The decision follows continued progress with H&E's pending merger transaction with Herc Holdings, Inc., which is expected to close in early-June 2025.    About H&E Rentals Founded in 1961, H&E is one of the largest rental equipment companies in the nation. The Company's fleet is comprised of aerial work platforms, earthmoving, material handling, and other general

    5/19/25 7:00:00 AM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    H&E Rentals Reports First Quarter 2025 Results

    BATON ROUGE, La., April 29, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today reported financial results for the first quarter ended March 31, 2025. In the seasonally softer first quarter, which included one less calendar day, demand from local markets remained weak. In addition to the challenging demand trend, merger announcements in the quarter created pressure on the performance of the business. These factors contributed to a 7.2% decline in first quarter equipment rental revenues compared to the first quarter in 2024. The Company's branch expansion strategy continued with only those openings that were already pla

    4/29/25 7:00:00 AM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    H&E Rentals Reports Fourth Quarter and Full Year 2024 Results

    BATON ROUGE, La., Feb. 21, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted its agreement to be acquired by Herc Holdings Inc. (NYSE:HRI) announced earlier this week, which will bring together two companies with a combined 120 years of industry experience who are committed to customer service and excellence. FOURTH QUARTER 2024 SUMMARY WITH A COMPARISON TO FOURTH QUARTER 2023 Revenues decreased 0.4% to $384.1 million compared to $385.8 million.Net income totaled $32.8 million compared to $53.5 million. The effective i

    2/21/25 4:15:00 PM ET
    $HEES
    $HRI
    Misc Corporate Leasing Services
    Industrials

    $HEES
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by H&E Equipment Services Inc.

    SC 13G/A - H&E Equipment Services, Inc. (0001339605) (Subject)

    10/4/24 2:43:26 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    SEC Form SC 13G filed by H&E Equipment Services Inc.

    SC 13G - H&E Equipment Services, Inc. (0001339605) (Subject)

    2/14/24 6:23:26 AM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials

    SEC Form SC 13G/A filed by H&E Equipment Services Inc. (Amendment)

    SC 13G/A - H&E Equipment Services, Inc. (0001339605) (Subject)

    2/13/24 5:06:14 PM ET
    $HEES
    Misc Corporate Leasing Services
    Industrials