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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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
