- Herc Holdings (NYSE:HRI) has acquired Texas-based CBS Rentals.
- The transaction is expected to close prior to the end of 2021.
- Transaction terms were not disclosed.
- CBS is a full-service general equipment rental company comprising approximately 190 employees and 12 locations serving construction and industrial customers throughout Texas.
- Larry Silber, president and chief executive officer said, “We expect the acquisition to be accretive to earnings in the first year. We remain well positioned to pursue growth through a variety of initiatives, including investment in key fleet categories, greenfield branches and acquired operations, while maintaining our commitment to a sound financial footing.”