Herc Holdings Inc. HRI

Company Overview

Herc Holdings Inc. is a North American equipment rental company serving industrial, construction, infrastructure, government, and commercial customers. The company operates in the equipment rental industry, providing a broad range of heavy construction equipment, specialty tools, and related services used across non-residential construction, infrastructure development, industrial maintenance, and energy markets. Revenue is primarily driven by time-based equipment rentals, supplemented by sales of used equipment, delivery services, and ancillary offerings.

The company traces its roots to the equipment rental business originally operated within Hertz Global Holdings. In 2016, Herc Holdings was spun off as an independent, publicly traded company, allowing it to pursue a focused growth strategy centered on fleet expansion, specialty rentals, and improved returns on invested capital. Since the separation, Herc has expanded organically and through acquisitions, positioning itself as the third-largest equipment rental provider in North America behind United Rentals and Sunbelt Rentals.