Cooper buys Canadian rental company
By Lewis Tyler06 March 2023
Cooper Equipment Rentals has acquired a 100% stake in Canadian rental company Hub Equipment. No financial details of the transaction have been confirmed.
Founded in 1946, Hub Equipment is headquartered in Ontario and has a fleet of specialised heavy equipment from OEMs such as CAT, Volvo, Hitachi, John Deere, and Komatsu.
Cooper CEO Doug Dougherty, said, “We’re pleased to welcome Hub Equipment into the Cooper family. The Hub family have built a fine business with a reputation for quality and integrity in the construction equipment industry.
“Consistent with the growth vision for Cooper Equipment Rentals, this acquisition is a further step towards Cooper firmly establishing itself as the only Canadian-owned, nationally positioned, rental company.”
Following the acquisition, Hub Equipment will operate as a specialty division of Cooper under the leadership of its president Tom Stevenson and general manager Raegan Fatouros.
Stevenson said, “We are thrilled with the opportunity to be a part of the Cooper organisation from coast-to-coast, and to grow our legacy with a diverse, larger and rapidly growing organisation that shares our common values and vision.”
Darryl Cooper, president & COO, Cooper Equipment Rentals, said, “Hub’s prime location and facility in Etobicoke intensifies our coverage in the important Greater Toronto market and their strong presence in Alberta enhances our ability to serve customers better in Western Canada.”
Cooper, which is also based in Ontario, has more than 60 branches across six provinces in Canada.