H&E Equipment Services Inc (HEES)

Overview

H&E Equipment Services, Inc. is a comprehensive equipment services provider based in the United States, offering a broad spectrum of services across five key segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. Founded in 1961 and headquartered in Baton Rouge, Louisiana, the company has built a reputation for supplying construction and industrial equipment to a diverse client base, which includes industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and other industrial account customers. H&E Equipment Services stands out in the market for its integrated service approach, ensuring clients have access to a wide range of equipment solutions from rentals to maintenance and parts, reinforcing its commitment to meeting the comprehensive needs of its customers.

Products and Services

• Equipment Rentals

  Provides a vast selection of construction and industrial equipment available for rent. This segment caters to the needs of various projects by offering flexible rental periods, including daily, weekly, and monthly options. The rental fleet includes aerial work platforms, cranes, earthmoving and material handling equipment, alongside other general and specialty lines, ensuring clients have access to the necessary machinery for their specific requirements.

• Sales of Rental Equipment

  This segment focuses on selling used equipment from H&E Equipment Services' rental fleet. It presents a cost-effective solution for customers seeking reliable machinery at a reduced price point. The sales of rental equipment offer an opportunity for clients to purchase well-maintained and service-record-equipped machinery that has been part of the company's rental lineup.

• Sales of New Equipment

  H&E Equipment Services sells new construction equipment through a professional sales force. This segment ensures customers have access to the latest models and technologies in construction machinery, supported by expert advice and assistance from the company's experienced sales team. The sales of new equipment segment aims to meet the evolving needs of the construction industry by offering a wide range of high-quality, new machinery.

• Parts Sales

  Provides parts for the company's rental fleet and also sells equipment parts to customers. By maintaining a comprehensive parts inventory, H&E Equipment Services ensures the availability of essential parts for repair and maintenance, supporting the longevity and performance of the machinery. This segment services both the company’s needs and those of its customers, ensuring equipment can be serviced promptly and efficiently.

• Repair and Maintenance Services

  Offers maintenance and repair services for both the company's rental fleet and customers' equipment. H&E Equipment Services can perform these services at its facilities or on-site at the customer's location, providing flexibility and minimizing downtime. This segment is complemented by ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers, emphasizing the company's commitment to comprehensive service delivery.