Real Estate & Construction  November 28, 2017

H&E Equipment to acquire Contractors Equipment for $122M

COMMERCE CITY — Contractors Equipment Center LLC, a Commerce City-based equipment-rental company, has signed a definitive agreement to be acquired by Baton Rouge, La.-based H&E Equipment Services Inc. (Nasdaq: HEES) for $122.4 million in cash. The deal is expected to close before the end of 2017.

CEC operates centers at 1645 First Ave. in Greeley and 2240 I-25 East Frontage Road in Erie, with plans for new locations in Fort Collins and Colorado Springs. The company focuses on non-residential, construction-focused equipment rental.

H&E operates locations at 5874 Langley Ave. in Loveland, with additional locations in Henderson and Colorado Springs.

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“With the addition of CEC, we will double our branch count to six in Colorado, significantly expanding our presence in a high-growth construction market,” John Engquist, H&E’s CEO, said in a prepared statement. “CEC’s end-user markets and fleet mix are also highly complementary to our existing business.”

COMMERCE CITY — Contractors Equipment Center LLC, a Commerce City-based equipment-rental company, has signed a definitive agreement to be acquired by Baton Rouge, La.-based H&E Equipment Services Inc. (Nasdaq: HEES) for $122.4 million in cash. The deal is expected to close before the end of 2017.

CEC operates centers at 1645 First Ave. in Greeley and 2240 I-25 East Frontage Road in Erie, with plans for new locations in Fort Collins and Colorado Springs. The company focuses on non-residential, construction-focused equipment rental.

H&E operates locations at 5874 Langley Ave. in Loveland, with additional locations in Henderson and Colorado Springs.

“With the addition of…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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