Dechert Advises H&E Equipment Svcs in Sale of Crane Business to Manitowoc Co. for US$130 Million
July 23, 2021
Dechert advised H&E Equipment Services, Inc. in the definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. for US$130 million in cash. The transaction is expected to close during the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Act.
H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with 105 full-service facilities throughout the West Coast, Intermountain, Southwest, Gulf Coast, Mid-Atlantic and Southeast regions of the United States.
The Dechert team includes corporate partners Derek Winokur and associates Jake Greenberg, Eddie Iqbal, Ji Hong Park, Shannon Footer, Wangshu Tai, Nicholas Chionchio and Cesar Sanchez; employee benefits partner Howard Klein and associates Michael Binko and Baraka Nasari, antitrust partner Mike Cowie, counsels Beverly Ang and Michael Okkonen, and associate Samuel Stelk; environmental special counsel John Ix; IP partner Thomas Rayski and associate Frank Hwang; trade partner Darshak Dholakia; tax associate George Davis; labor counsel Ian Downes; and real estate special counsel Francois Quintard-Morenas.
About Dechert
Dechert is a leading global law firm with 23 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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