# H&E Equipment Services agrees to acquire Neff Corp. for $1.2 billion

H&E Equipment Services and Neff Corp. entered into a definitive merger agreement under which H&E will acquire Neff Corp. for a total enterprise value of about $1.2 billion, including approximately $690 million of net debt. The transaction is expected to close in late Q3 or early Q4 2017.

- Type: Acquisition
- Announced: 2017-07-14
- Where: United States
- Value: $1.20B
- Status: announced
- Products: equipment rental services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [H&E Equipment Services](https://endata.com/companies/15576.md) (acquirer)
- [Neff Corp.](https://endata.com/companies/25625.md) (target)

## Sources

- [rermag.com](https://www.rermag.com/news-analysis/headline-news/article/20952127/he-equipment-services-agrees-to-acquire-neff-corp-in-12-billion-deal), 2017-07-14: "This agreement accelerates our stated strategy to expand our footprint across the United States as we seek to penetrate and grow our business in strategic business segments."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.