Tuesday announced its plan to buy H&E Equipment Services, Inc. (HEES), an equipment rental company, for $92 per share in cash, amounting to a total of nearly $4.8 billion, including net debt of about $1.

United Rentals (URI) has agreed to acquire H&E Equipment Services (HEES) in an all-cash deal worth roughly $4.8 billion, including about $1.4 billion of debt, as the equipment rental company aims to expand its capacity in the US.

United Rentals has agreed to acquire H&E Equipment Services for $92 a share, which would more than double the smaller rental company's market capitalization to $3.37 billion. The Stamford, Conn.-based equipment-rental company said Tuesday that it intends to commence a tender offer later this month to buy all outstanding H&E shares for $92 in cash,