Cooper Equipment Rentals Acquires Heavy Equipment Rental Specialist Hub Equipment
Cooper Equipment Rentals Limited, the leading Canadian-owned and operated construction equipment rental company, has purchased 100 percent of the shares of Toronto-based Hub Equipment. Established in 1946 in Moncton, New Brunswick, Hub Equipment moved its operations into Southern Ontario in the 1950s and is recognized today as a leading provider of specialized heavy equipment, offering brands such as Cat, Volvo, Hitachi, John Deere, Komatsu, and more.
“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 organization that shares our common values and vision,” said Hub president Tom Stevenson.
Hub Equipment will operate as a Specialty Division of Cooper under the leadership of Tom Stevenson, president, and Raegan Fatouros, general manager.
“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,” said Darryl Cooper, president and chief operating officer, Cooper Equipment Rentals.
“We’re pleased to welcome Hub Equipment into the Cooper family,” said Cooper CEO Doug Dougherty. “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.”
Cooper Equipment Rentals is No. 17 on the RER 100, with more than 60 rental locations in six Canadian provinces. Cooper, headquartered in Mississauga, Ontario, a suburb of Toronto, specializes in the rental of compact, aerial, heavy construction, pump and power, and trench safety equipment. Hub Equipment has branches in Toronto and Edmonton, Alberta.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.