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News » Canada » Home Depot to buy Compact Power » published 6 Jul 2017

Home Depot to buy Compact Power

The Home Depot has reached an agreement to buy Compact Power Equipment, Inc for US$265m in cash.

The Home Depot is buying Compact Power Above: The Home Depot is buying Compact Power

Compact Power Equipment provides compact equipment rentals at more than 1,000 stores across the US and Canada. The company also provides equipment maintenance services nationwide to a range of customers, including the Home Depot.

"We've worked closely with the talented team at Compact Power Equipment for many years and are delighted to welcome them to The Home Depot family," said Home Depot chairman, CEO and president. "The acquisition allows us to further improve the customer experience – in particular for Pros – through enhanced equipment and tool rental offerings. It also allows us to grow Compact Power's best-in-class building services capabilities."

Compact Power CEO Roger Braswell said: “With a collective focus on convenience and execution, together our companies will be even stronger to serve customers while remaining on the cutting edge of life-cycle management for commercial equipment.”

 

MPU

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This article was published on 6 Jul 2017 (last updated on 6 Jul 2017).

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