CPI Equipment

Compact Power Announces Acquisition of DOC Machine Tool Services

Sun, 28 Dec 2008 3:00:00

FT. MILL, SC, FEBRUARY 5, 2007 - Compact Power, Inc. ("CPI") and its subsidiary companies have announced the acquisition of certain assets of DOC Machine Tool Services of South Carolina, Inc., a South Carolina-based full-service maintenance corporation ("DOC"). Roger Braswell, Compact Power CEO, stated "the acquisition of the DOC business will better allow CPI to meet the technical and service support needs of our growing customer base, including DOC's customers."

The relationship between CPI and DOC began by working together servicing equipment for The Home Depot Tool Rental. DOC has helped support CPI's growing large equipment service demands by utilizing their national network of service technicians. In addition to servicing Home Depot, DOC also maintains strong customer relations with Newell Rubbermaid, Levolor Kirsch, Wal-Mart, Best Buy, General Electric, Siemans and Vought.

DOC was founded in1988 with a primary focus on field service in the Machine Tool industry. Over the next twelve years, DOC expanded its service offerings to include machine tool rebuild, retrofit and contract maintenance. In the early 2000's, DOC seized an opportunity to enter into the light industrial market, offering total service solutions including nationwide service, call center capabilities and parts management. Today, DOC continues to provide superior local service nationwide for both the heavy and light industrial markets.

Specializing in stand-on skid steers such as the PowerHouse® and Boxer® brands; CPI has become a manufacturer and international distributor of these products to contractors, landscapers, homeowners and national retailers. Founded in late 2003, CPI has seen product sales and production triple in its first three years in the compact construction equipment industry. The company has established itself as a national and international leader in the compact equipment market.

Compact Power Services, LLC will operate the business of DOC and will join the CPI business group, which includes ProHauler Trailers of Ft. Mill, SC and Mertz Manufacturing of Ponca City, OK.

CPEC to manage towable fleets at select locations of The Home Depot Tool Rental

Sun, 25 Oct 2009 3:00:00

Compact Power Equipment Centers to manage large towable fleets for The Home Depot

The Home Depot, Atlanta, has reached an agreement to partner with Compact Power Equipment Centers, LLC (CPEC), Fort Mill, S.C., which will result in CPEC, acquiring and managing large towable fleets of rental equipment in more than 100 select locations of The Home Depot. The Home Depot will maintain management of its Tool Rental Centers. CPEC and its sister company, Compact Power Services, LLC (CPS), have secured financing for the initiative from three US private equity groups.

BOXER Equipment, the company’s affiliated brand, is not part of the transaction. BOXER and its manufacturing partner, Mertz Manufacturing, LLC will remain a separate entity with a continued focus on growing its dealer network both domestic and international. Compact Power Equipment Centers will become a distributor of BOXER products, as well as a few other reputable brands, both domestic and abroad.

Compact Power Services already maintains small machinery for such companies as Wal-Mart and Best Buy and will expand its service business through the partnership with The Home Depot. The newly formed rental and mobile service combination will operate under separate management from the manufacturing and distribution business.

- Survey code: 33215

Home Depot and Compact Power Team Up for Large Equipment Rental

Mon, 2 Nov 2009 3:00:00

In September, Home Depot and Compact Power Equipment Centers reached an agreement that Compact Power Equipment Centers will manage, service and rent all of the store’s towable power equipment under 100 hp. This equipment offering will include compact utility loaders, chipper shredders, power barrows, tractor loader backhoes, trenchers, excavators, compact track loaders, articulating loaders and trailers, to name a few.

Compact Power Equipment Centers is expanding into 115 Home Depot locations across the southeast with hopes of increasing its operational footprint to 250 stores by the end of 2010. Home Depot will continue to manage its Tool Rental Center, which offers products such as pressure washers, drills and other valuable tools to its consumers.

“As a company, we’re looking at rental customers in a two-fold fashion — contractors and homeowners,” says Andy Lewis, marketing communications manager for Compact Power. “Through this partnership, we’re enabling one-stop shopping for contractors and homeowners who are already at Home Depot picking up lumber and other supplies.”

In addition to its rental service, Compact Power will offer a mobile service where it will send out service technicians to fix any piece of rental equipment at a customer’s jobsite — saving them valuable time.