Porter Hedges Represents Austin-based Longhorn Car-Truck Rental in its Sale of Assets to Herc Rentals Inc.
Porter Hedges represented Longhorn Car-Truck Rental, Inc., a family-owned car, truck, and equipment rental provider, in the sale of certain of its assets to Herc Rentals Inc. (NYSE: HRI). The assets included passenger vehicles, vans, box trucks, pickup trucks, semi-trailer trucks, dump trucks, and water trucks.
Longhorn was founded in 1975 and is based in Austin, Texas. Prior to the closing of the transaction, Longhorn had a fleet of more than 700 vehicles for rent, including compact, medium, full-size and premium cars, SUVs and various other trucks. Longhorn continues to rent construction and heavy equipment under the brand HL Equipment, Inc.
Herc Rentals Inc., a Delaware corporation, is a premier, full-service equipment rental firm ― providing its customers the equipment, services and solutions they need to achieve optimal performance safely, efficiently, and effectively. With more than 56 years of equipment rental expertise, Herc Rentals’ 6,100 team members operate 333 locations in the United States and Canada.