News | Acquisition

Back

Home Depot purchases Compact Power Equipment

Home Depot recently 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.

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, Home Depot claims to invest continuously 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 professionals - 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 more locations across the U.S. and Canada than anyone else, providing easy access for both professionals and Do-It-Yourself customers.




| 7 July 2017

SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Clas Ohlson increases sales by nine per cent from May to October

From May to October, the first six months of its fiscal 2018/2019, Clas Ohlson recorded sales of SEK 4.115 bn (EUR 401 mio). This equates to an View news...

Austria, Switzerland, Brunei, Russia …

Austria and Switzerland are the latest countries to feature in the regional report in trade magazine DIY International. Issue 4/2018 boasts 21 pages View news...

Home Depot grows like-for-like sales in USA above all

In the third quarter (ended 28 October 2018), sales by Home Depot came to USD 26.302 bn. The figure represents growth of 5.1 per cent for the world's View news...

Global DIY market worth 589 billion euros

In 2017, the DIY/home improvement world market turnover reached EUR 589 bn, an increase of 2.6 per cent compared to last year, according to Fediyma View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

6th Global DIY Summit 2018

V33 group, Inspiring presentations

V33 group

Inspiring presentations

More than 1 100 participants came to the 6th Global DIY Summit in Barcelona. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery