H&E Equipment Services Completes Sale of Crane Business

BATON ROUGE, La.–(BUSINESS WIRE)—- $HEES–H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced it has completed the sale of the Company’s crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. (NYSE: MTW). Proceeds from the sale are an estimated $130 million in cash, pending the finalization of net working capital and other transaction adjustments. The proceeds are expected to be used for further facilities expansion, investment in the rental

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