Depot ties the knot with rental company
After years of working with Compact Power Equipment to help power its rental departments, The Home Depot announced a deal to acquire the company for $265 million in cash. The transaction is expected to close by the end of the company's fiscal second quarter.
As a commercial partner of The Home Depot since 2009, Compact Power Equipment currently provides compact equipment rentals at more than 1,000 stores across the U.S. and Canada. The company also provides equipment maintenance services nationwide to a range of customers, including The Home Depot.
"We've worked closely with the talented team at Compact Power Equipment for many years and are delighted to welcome them to The Home Depot family," said Craig Menear, chairman, CEO and president of The Home Depot. "The acquisition allows us to further improve the customer experience – in particular for Pros – through enhanced equipment and tool rental offerings. It also allows us to grow Compact Power's best-in-class building services capabilities."
Compact Power CEO Roger Braswell pointed to a collective focus on convenience and execution. “Together our companies will be even stronger to serve customers while remaining on the cutting edge of life-cycle management for commercial equipment," said Braswell said.
Readers Respond: Whacked with a 2×4? That’s wack.
There's nothing unusual about frivolous lawsuits in the 21st century. But depending on who you talk to, certain cases might outshine the rest in their ridiculousness.
In the hardware and lumber industry, the ongoing dispute over 2×4 dimensions — and whether this constitutes false advertising — seems to be taking the cake for now.
Earlier this week, we polled our readers, asking, "Of the following types of frivolous lawsuits, which one is the most distressing?"
"The 2×4 false advertising claim" has so far won 46% of the vote, with "the phony slip and fall" coming in second place at 24%.
Here's how the rest of the votes shook out:
The patent troll: 10%
The asbestos agitator: 1%
The product misuse plaintiff: 14%
Something else: 5%
What do you think? Click here to take the poll.
A pocket level that locks in place
Milwaukee introduced what it calls a heavy-duty solution for quick leveling and angle finding – the new Die Cast Pocket Level with 360° Locking Vial.
The product follows in the carefully calibrated footsteps of the company’s new torpedo levels, with what the company claims are the industry’s strongest magnets and a 360-degree vial locking mechanism. The same magnetic strength and functionality have been applied in the new pocket level.
The product carries an MSRP of about $25.
Here’s the background on the features: The Amplified Rare Earth Magnet Technology utilizes magnetic circuits to redirect and focus the magnetic field for industry-leading holding power. Providing functionality similar to a protractor, a Locking 360° Adjustable Vial secures the vial in place so users can identify and repeat any angle needed. A locking screw protects the accuracy of the vial whether it’s taken in and out of pockets or pouches.
The vial is engineered with high-impact acrylic for ultimate durability that will protect accuracy over the life of the level.