Home Depot tests moving van rentals
Home Depot is running a pilot program with Penske Truck Rental in Richmond, Va., to explore the possibility of renting moving vans.
Representatives from both companies confirmed they were in the preliminary stages of a four-store test, which offers Home Depot customers a one-stop solution to their relocation needs: boxes, packing materials and moving vans.
Under the test program, which is approximately three weeks old, Penske offers 12-to-26 ft. long moving trucks to both consumer and commercial customers in Home Depot stores in the Richmond market.
Home Depot already offers hourly flatbed truck rentals in many of its locations, but these are generally smaller vehicles meant to haul building materials or landscaping supplies over short distances.
Sellars new VP for Cash Acme and SharkBite Products
Paul Sellars has been named VP sales for Reliance Worldwide USA, manufacturers and distributors of Cash Acme and SharkBite-branded products.
Prior to joining Reliance, Sellars served as director of sales for Rinnai America Corp., with previous positions at State Industries, Jacuzzi Whirlpool Bath and Kohler Co.
Floor & Decor acquired by private equity firms
Floor and Decor Outlets of America, a chain of floor covering retail outlets, has signed an agreement to be purchased by an affiliate of Ares Management and Freeman Spogli & Co. from an investor group that includes Najeti Ventures, Saugatuck Capital Co. and TWJ Capital.
Headquartered in Atlanta, Floor and Decor currently sells ceramic, stone, wood and laminate flooring through 25 stores in 15 U.S. metro markets, as well as through its website, flooranddecoroutlets. Its brick-and-mortar locations typically range from 60,000 sq. ft. to 80,000 sq. ft. and are set in warehouse-style buildings with merchandise stacked on pallets. Customers are primarily homeowners and professional contractors.
Based in Los Angeles, Ares Management is also an investor in Orchard Supply Hardware, a chain of home improvement stores throughout California.