United Rentals said on Tuesday it would acquire smaller rival H&E Equipment Services in a deal valued at $4.8 billion, as the company looks to tap into demand for equipment rentals. Industrial equipment demand has remained strong from commercial construction firms,

United Rentals, Inc. URI is making bold moves to solidify its position as the leading equipment rental provider with its acquisition of H&E Equipment Services, Inc. HEES. This $4.8 billion deal, which includes $1.

United Rentals said on Tuesday it would acquire smaller rival H&E Equipment Services in a deal valued at $4.8 billion, as the company looks to tap into demand for equipment rentals in more markets within the United States.

United Rentals Inc. agreed to buy H&E Equipment Services Inc. for $3.4 billion in cash, gaining a fleet of equipment to serve construction and industrial markets.

United Rentals acquires H&E Equipment Services for $4.8 billion, driving shares up. Click for my look at URI and HEES stock and their prospects.