# Manitowoc Company closes on H&E crane business acquisition

The Manitowoc Company completed its purchase of H&E Equipment Services Inc.'s crane business for about $130 million. The acquired business will operate under the new subsidiary MGX Equipment Services, LLC.

- Type: Acquisition
- Announced: 2021-10-01
- Where: United States
- Value: $130.0M
- Status: completed
- Products: cranes, aftermarket parts, service
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [H&E Equipment Services](https://endata.com/companies/15576.md) (target)
- [Manitowoc](https://endata.com/companies/17709.md) (acquirer)

## Sources

- [fox11online.com](https://fox11online.com/news/business/manitowoc-cranes-closes-on-he-deal), 2021-10-01: "The acquisition of the H&E crane business advances our strategy to expand our aftermarket activities within a significant geographic region."

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