Herc Rentals has completed its nearly $5 billion acquisition of Baton Rouge-based H&E Equipment Services.

The deal was finalized Monday, and H&E was delisted from the Nasdaq Exchange.

Under the agreement announced in February, H&E stockholders received $78.75 for each share and 0.1287 shares of Herc Rentals stock. Shares of Herc opened at $124.35 Monday morning. The company also took on $1.5 billion of H&E's debt.

Florida-based Herc has 440 locations in the U.S. and Canada. The company has 16 locations in south Louisiana.

Company officials said H&E will keep a presence in Baton Rouge, but decisions on the specific operations and local employment levels will be made over time.

H&E, founded in 1961, is the fifth-largest rental equipment company in the U.S., with more than 160 branches i

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