Cooper buys Hub
By Adam FreillConstruction Equipment
Construction equipment rental company expands with purchase of Toronto-based heavy equipment rental and resale dealer.
Canadian-owned and operated construction equipment rental company Cooper Equipment Rentals Limited has bought Toronto-based Hub Equipment via the purchase of 100 per cent of the company’s shares.
Established in 1946 in Moncton, New Brunswick, Hub Equipment moved its operations into Southern Ontario in the 1950s. Today, it is 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 of 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 Limited is a full-service construction equipment rental company, servicing contractors across Canada from more than 60 branches in six provinces.