Home Depot Acquisition Bolsters Tool Rental Department


Where to find tool rentals

Buys Tool Rental Firm Compact Power Equipment for $265M

 

Investing in expensive tools and equipment makes little economic sense when you only need them temporarily.

 

Since the recession of 2008,more contractors, property managers, and homeowners have learned renting is a prudent option.

 

The growth in demand for tool rentals  is evidenced by Home Depot’s acquisition of Compact Power equipment.

The Home Depot® today announced a definitive agreement to purchase Compact Power Equipment, Inc., a leading national provider of equipment rental and maintenance services for $265 million in cash. The transaction is expected to close by the end of the company’s fiscal second quarter.

HOMEDEPOTLOGO

As a long-term commercial partner of The Home Depot since 2009, Compact Power Equipment currently provides compact equipment rentals at more than 1,000 stores across the U.S. and Canada. The company also provides equipment maintenance services nationwide to a range of customers, including The Home Depot. By acquiring Compact Power Equipment, The Home Depot continues to invest in capabilities that uniquely serve its core customers.

“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 Craig Menear, chairman, CEO and president of The Home Depot. “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.”

The Home Depot offers tool and equipment rentals at ……to continue reading, click here.

 

Rent It Today can also help you find Tool Rental and General Construction Power Tools in your area.  Visit our tool rental listings here.


About Bob Schrichte

Robert Bob Schrichte is a graduate of Ohio State University with a B.A. in Journalism and a minor in Communications. Bob’s background is in both sales and writing. He enjoys spoiling a good walk in the woods by bringing along his golf bag. Follow Bob Schrichte on Google+

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