Kilmer Capital Partners and TerraNova Partners have acquired Compact Power Equipment Centers, a rental supplier of compact and medium-heavy equipment.
Compact Power Equipment Centers provides towable rental equipment such as mini-skids, excavators, skid steers, trenchers and chipper shredders through Home Depot Tool Rental Centers. To date, Home Depot has Compact Power Equipment Centers within its Home Depot Tools Rental departments in some 400 stores. The company also sells new and used equipment for the construction and landscaping industries including utility loaders, backhoe loaders, trenchers, excavators, or skid steers through its online sales function at www.CPECdirect.com. Compact Power Equipment Centers was founded in 2009 and is based in Fort Mill, SC (www.cpiequipment.com).
Kilmer Capital Partners makes control and minority investments of $5 million to $50 million in companies that have revenues from $20 million to $200 million. The firm is industry agnostic but has a specific interest in the electronics, communications, technology, food, apparel, healthcare, consumer products, media and entertainment sectors. Kilmer Capital is based in Toronto (www.kilmercapital.com).
TerraNova Partners is a multi-disciplined and diversified investment fund focused primarily on private equity investments. The firm is headquartered in Toronto and also has an office in New York (www.terranovapartners.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-26-12