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Joele Frank handles Herc Holdings as the machinery rental giant acquires H&E Equipment Services in a $3.9B cash and stock transaction after H&E's merger deal with United Rentals fell apart.
Bonita Springs-based Herc entered the scene under a “go-shop” provision in H&E’s merger agreement with United Rentals, which then pulled its offer.
John Engquist, executive chairman of H&E, said Herc’s offer provides “both immediate, premium value and the opportunity to participate in the substantial upside value that will be created through this combination.”
His Baton Rouge company rents aerial work platforms, earthmoving, material handling and other general and specialty lines.
Herc, on behalf of H&E, paid a termination fee of $63.5M to United Rentals.
Joele Frank, Wilkinson Brimmer Katcher’s Barrett Golden, Sharon Stern, TJ O’Sullivan and Maggie Carangelo worked the Herc Holdings deal.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
