Home Depot to buy Kilmer Capital's Compact Power for $265 mln
The Home Depot (NYSE: HD) has agreed to acquire Compact Power Equipment Inc, a Fort Mill, South Carolina-based provider of equipment rental and maintenance services, for US$265 million in cash. The seller in the deal is Canadian private equity firm Kilmer Capital Partners. Kilmer partnered with another Canadian investor to acquire a majority interest in Compact Power in 2012. It also helped the company raise US$50 million in asset-based financing to support growth. Home Depot, a U.S. home improvement specialty retailer, said the acquisition will enhance its equipment and tool rental offerings.
6 July 2017•3 mins read
