The parties successfully completed this $5.3 billion merger.
Retained by Simpson Thacher & Bartlett and Milbank
In February 2025, Herc Holdings successfully bid to acquire H&E Equipment Services. The merging parties retained Kostis Hatzitaskos of Cornerstone Research to assist in the Federal Trade Commission’s (FTC’s) inquiry into the proposed merger. Herc and H&E both operate construction and industrial equipment rental businesses throughout the U.S. Dr. Hatzitaskos and his team assisted in analyzing the competitive implications of the merger. The FTC concluded its investigation without issuing a second request.
In June 2025, the parties successfully completed their $5.3 billion merger.
Chicago 
