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Cooper Equipment Rentals Acquires Hub Equipment

February 09, 2023, 07:05 AM
Filed Under: Mergers & Acquisitions

Cooper Equipment Rentals Limited, a Canadian-owned and operated construction equipment rental company, announced the completed transaction to purchase 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 COO, 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.”

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