# MGX Equipment Services to acquire crane business from H&E Equipment Services for $130M

MGX Equipment Services, LLC entered into a definitive agreement to acquire the crane business from H&E Equipment Services, Inc. for $130 million. The transaction is expected to close in the fourth quarter of 2021.

- Type: Acquisition
- Announced: 2021-07-19
- Where: United States
- Value: $130.0M
- Status: announced
- Products: crane distribution business
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [H&E Equipment Services](https://endata.com/companies/15576.md) (target)
- [MGX Equipment Services](https://endata.com/companies/56572.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/H-E-EQUIPMENT-SERVICES-IN-9532/news/MGX-Equipment-Services-LLC-entered-into-a-definitive-agreement-to-acquire-crane-business-from-H-E-E-35909504/), 2021-07-19: "MGX Equipment Services, LLC entered into a definitive agreement to acquire crane business from H&E Equipment Services, Inc. for $130 million."

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