BONITA SPRINGS, Fla. — Herc Holdings Inc. has entered a purchase agreement to substantially acquire all assets of Texas-based CBS Rentals. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close prior to the end of 2021. Terms were not disclosed.

CBS is a full-service general equipment rental company comprising approximately 190 employees and 12 locations serving construction and industrial customers throughout Texas, as well as locations in Carlsbad, New Mexico, and Kingsport, Tennessee. The addition of CBS expands Herc Rentals’ presence in Texas to 38 physical locations, which collectively provide general and specialty equipment rental solutions and related services.

For more information, visit www.hercrentals.com or call (800) 654-6659.