A letter to our customers
CEC AND H&E – MOVING FORWARD.
Just a few weeks ago, CEC announced that it has entered into an agreement to be acquired by H&E Equipment Services.This is an exciting day for CEC, and we look forward to bringing together our two companies to better serve you.
Founded in 1961, H&E is one of the largest integrated equipment companies in the nation. Currently ranked 9th in the Rental Equipment Register (RER) Top 100, H&E has 80 locations in 22 states and over $1.4B in fleet, with one of the youngest fleets in the industry. More important to us, H&E operates with the same principals as CEC by being responsive to customers, having a constant goal of continuous improvement, and showing an unwavering respect for employees. To learn more about H&E, please visit he-equipment.com and click on Our Company, About Us.
As we grow through this acquisition, we will be able to offer more coverage and capabilities to support you and your evolving equipment needs. The combined company will have a much larger fleet and location presence in the state of Colorado and a comprehensive geographic footprint throughout the U.S. Thus, giving the company a greater depth of service and equipment, and presence in areas of growing demand. Also, unlike most acquisitions in our industry, the CEC senior management team will not only stay in place but is being given management responsibility for the entire state of Colorado.
Put simply, as a combined company with H&E, we will be able to serve our customers better in more locations with a deeper suite of products. We realize that your business and equipment needs are constantly changing, and we look forward to working with H&E to better address these needs.
Further, there will be no immediate impact on your relationship with CEC. Existing agreements will remain in place. You can rest assured that these changes are being led by the same trusted managers and representatives you have come to rely on over the last decade.
Finally, if you have any additional questions, please feel free to reach out to your normal CEC contact. As always, thank you for your continued support. We appreciate your business.