On January 13, 2025, United Rentals, Inc. (URI) entered a merger agreement to acquire H&E Equipment Services, Inc. through a cash tender offer of $92 per share, followed by a merger. The transaction, backed by a $3.8 billion bridge facility from Morgan Stanley and Wells Fargo, aims to expand URI's equipment rental operations. Regulatory approvals and a 35-day "go-shop" period are pending.