Cooper Equipment Rentals Ltd (Cooper), the leading Canadian-owned and operated construction equipment rental company, has completed the purchase of 100% of the shares of Toronto-based Hub Equipment (Hub).
Established in 1946 in Moncton, New Brunswick, Hub Equipment moved its operations in Southern Ontario in the 1950s and is recognised today as a leading provider of specialised heavy equipment, offering brands such as CAT, Volvo, Hitachi, John Deere, Komatsu, and more.
Commenting on the development, Tom Stevenson, president of Hub, said, “We are thrilled with the opportunity to be a part of the Cooper organization from coast-to-coast, and to grow our legacy with a diverse, larger and rapidly growing organisation that shares our common values and vision.”
According to Cooper, Hub Equipment will operate as a specialty division of Cooper under the leadership of Tom Stevenson, president, and Raegan Fatouros, general manager.
Darryl Cooper, president & COO of Cooper 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.”
Established in 1972, Cooper Equipment Rentals Limited is a full-service construction equipment rental company, servicing contractors across Canada. With over 60 branches in six provinces, Cooper specialises in the rental of compact, aerial, heavy construction, pump and power, and trench safety equipment, while providing a wide range of supplies, along with unparalleled service and support.
According to Cooper CEO Doug Dougherty, “The Hub family have built a fine business with a reputation for quality and integrity in the construction equipment industry.”
He said, 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.”