Herc Holdings Inc
Company Profile
Business description
Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.4 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings’ strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.
Contact
27500 Riverview Center Boulevard
Bonita SpringsFL34134
USAT: +1 239 301-1000
Sector
Industrials
Stock type
Sensitive
Industry
Rental & Leasing Services
Fiscal Year End
31 December 2024
Employees
7,200
Morningstar Investment Ideas
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