BATON ROUGE, La.--(BUSINESS WIRE)--Jul. 17, 2017--
H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that it will
hold a conference call to discuss the acquisition of the Neff
Corporation (NYSE: NEFF). The Company will hold the conference call to
discuss the details of the acquisition on Tuesday, July 18, 2017, at
2:00 p.m. (Eastern Time). To listen to the call, participants should
dial 719-325-2412 approximately 10 minutes prior to the start of the
call. A telephonic replay will become available after 4:00 p.m. (Eastern
Time) on July 18, 2017, and will continue through July 25, 2017, by
dialing 719-457-0820 and entering the confirmation code 4606153.
The live broadcast of the acquisition conference call will be available
online at www.he-equipment.com
on July 18, 2017, beginning at 2:00 p.m. (Eastern Time) and will
continue to be available for 30 days. Related presentation materials
will be posted to the “Investor Relations” section of the Company’s web
site at www.he-equipment.com
prior to the call. The presentation materials will be in Adobe Acrobat
format.
About H&E Equipment Services, Inc.
H&E is one of the largest integrated equipment services companies in the
United States with 78 full-service facilities throughout the West Coast,
Intermountain, Southwest, Gulf Coast, Mid-Atlantic and Southeast
regions. H&E is focused on heavy construction and industrial equipment
and rents, sells and provides parts and services support for four core
categories of specialized equipment: (1) hi-lift or aerial platform
equipment; (2) cranes; (3) earthmoving equipment; and (4) industrial
lift trucks. By providing a multitude of services including equipment
rental, sales, on-site parts and repair and maintenance, H&E is a
one-stop provider for its customers' varied equipment needs. This full
service approach provides H&E with multiple points of customer contact,
enabling it to maintain a high quality rental fleet, as well as an
effective distribution channel for fleet disposal and provides
cross-selling opportunities among its new and used equipment sales,
rental, parts sales and services operations.
About Neff Corporation
Neff is a leading regional equipment rental company in the United
States, focused on the fast growing Sunbelt States. Based in Miami, FL,
the company offers a broad array of equipment rental solutions for its
more than 15,000 customers, focusing on key end user markets including
infrastructure, non-residential construction, energy and municipal and
residential construction. Neff has 69 branches, approximately 1,160
employees and a broad fleet of equipment, including earthmoving,
material handling, aerial and other rental equipment to meet specific
customer needs.
Forward-Looking Statements
Statements contained in this press release that are not historical
facts, including statements about H&E’s or Neff’s beliefs and
expectations, are forward-looking statements within the meaning of the
federal securities laws. Forward-looking statements include statements
preceded by, followed by or that include the words “may”, “could”,
“would”, “should”, “believe”, “expect”, “anticipate”, “plan”,
“estimate”, “target”, “project”, “intend”, “foresee” and similar
expressions, as well as other statements, including statements about the
anticipated benefits to H&E and Neff from the merger, H&E’s and Neff’s
anticipated financial and operating results, the impact of the merger on
H&E’s earnings and capital structure and H&E’s and Neff’s respective
plans, objectives and intentions. All forward-looking statements are
subject to risks, uncertainties and other factors that may cause the
actual results, performance and achievements of H&E and Neff to differ
materially from the anticipated results expressed or implied by any
forward-looking statements. These risks, uncertainties and other factors
include, among others: (1) the risk that the savings and synergies
anticipated from the merger are not realized or take longer than
anticipated to be realized; (2) disruption or reputational harm as a
result of the merger with H&E’s or Neff’s customers, suppliers,
employees or others business partner relationships; (3) the occurrence
of any event, change or other circumstances that could give rise to the
termination of the merger agreement, the failure of the closing
conditions included in the merger agreement to be satisfied (or any
material delay in satisfying such conditions), or any other failure to
consummate the transactions contemplated thereby, including in
circumstances in which one party would be obligated to pay the other a
termination fee or other damages or expenses; (4) the risk of
unsuccessful integration of H&E’s and Neff’s businesses, or that such
integration will be materially delayed or will be more costly or
difficult than anticipated; (5) the amount of the costs, fees, expenses
and charges related to the merger; (6) the ability to obtain required
governmental approvals of the proposed merger, including approval under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976; (7) any
additional costs related to the merger or the other transactions
contemplated thereby as a result of unexpected factors or events; (8)
the significant indebtedness of the combined company, including the
indebtedness incurred in the proposed financing of the merger; (9) any
negative effects of this announcement or the consummation of the merger,
the proposed financing thereof or any of the other transactions
contemplated thereby on the market price of H&E’s or Neff’s common stock
or other securities; (10) the diversion of management time on
transaction-related issues; (11) other business effects, including the
effects of general industry, market, economic, political or regulatory
conditions, future exchange or interest rates or changes in tax laws,
regulations, rates and policies, including the uncertainty regarding
rules and regulations with respect to the foregoing that may be affected
by the United States Congress and Trump administration; and (12) the
expected business outlook, anticipated financial and operating results
generally. For a more detailed discussion of some of the foregoing risks
and uncertainties, see H&E’s and Neff’s respective Annual Reports on
Form 10-K and other reports and other documents filed with the U.S.
Securities and Exchange Commission. Forward-looking statements are only
predictions and are not guarantees of performance. These statements are
based on the current beliefs and assumptions of H&E’s and Neff’s
management, which in turn are based on currently available information
and important, underlying assumptions. H&E and Neff are under no
obligation to publicly update or revise any forward-looking statements
after this press release, whether as a result of any new information,
future events or otherwise. Investors, potential investors, security
holders and other readers are urged to consider the above mentioned
factors carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking
statements. Although H&E and Neff believe that the expectations
reflected in the forward-looking statements are reasonable, they cannot
guarantee future results or performance, including the consummation of
the transactions contemplated by the merger agreement or the proposed
financing thereof or any anticipated effects of the merger.
Additional Information and Where to Find It
In connection with the proposed acquisition, Neff intends to prepare an
information statement in preliminary and definitive form for its
stockholders containing the information with respect to the proposed
merger specified in Schedule 14C promulgated under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and describing
the proposed merger. Neff’s stockholders are urged to carefully read the
information statement regarding the proposed merger and any other
relevant documents in their entirety when they become available because
they will contain important information about the proposed acquisition.
You may obtain copies of all documents filed with the SEC regarding the
proposed merger, free of charge, at the SEC’s website, http://www.sec.gov,
or on the Investor Relations section of Neff’s website (www.neffrental.com),
or by directing a request to Neff by mail or telephone as set forth
above. Investors are also urged to read the current reports on Form 8-K
to be filed by each of H&E and Neff regarding the proposed merger, which
will also contain important information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170717006216/en/
Source: H&E Equipment Services, Inc.
H&E Equipment Services, Inc.
Leslie S. Magee, 225-298-5261
Chief
Financial Officer
lmagee@he-equipment.com
or
Kevin
S. Inda, 225-298-5318
Vice President of Investor Relations
kinda@he-equipment.com
