The Home Depot Inc. (NYSE: HD) is buying Compact Power Equipment Inc., a U.S. provider of equipment rental and maintenance services, for $265 million in cash. Compact Power has been a long-term commercial partner of The Home Depot since 2009.
Based in Fort Mill, South Carolina, Compact Power offers a variety of construction equipment, including: skid steers, cranes, excavators, tractor loaders, trenchers and other aerial equipment. The target has more than a 1,000 stores across the U.S. and Canada. Compact Power also provides equipment maintenance services for clients such as Home Depot.