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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (4582)	10/6/2017 12:05:07 PM
From: richardred	Respond to of 7242

Home Depot to Acquire Compact Power Equipment Will focus on the market for rentals to pros. Home Depot, Atlanta on Thursday announced a definitive agreement has been reached to purchase Compact Power Equipment, Inc., a national provider of equipment rental and maintenance services for $265 million in cash. The transaction is expected to close by the end of the company's fiscal second quarter. A commercial partner of 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 Home Depot. By acquiring Compact Power Equipment, Home Depot continues to invest in capabilities that uniquely serve its core customers. "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." The Home Depot offers tool and equipment rentals at more locations across the U.S. and Canada than anyone else, providing easy access for both Pro and Do-It-Yourself customers. Its large assortment of rental offerings saves customers from the cost and hassle of maintenance and storage. "With 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 Roger Braswell, CEO, Compact Power. builderonline.com

To: richardred who wrote (4582)	10/6/2017 12:08:04 PM
From: richardred	Read Replies (1) \| Respond to of 7242

U.S. Concrete – not Vulcan – to acquire Polaris By Kevin Yanik\| September 29, 2017 Polaris Materials Corp. entered into an agreement with U.S. Concrete Inc., which will now acquire the company as opposed to Vulcan Materials Co. Prior to coming to an agreement with U.S. Concrete, Polaris terminated a previous agreement between itself and Vulcan. Polaris was valued at about $247 million based on its price per share in the U.S. Concrete arrangement, the company says. “We are pleased to have signed an agreement with U.S. Concrete in respect of its proposal to acquire Polaris,” says Ken Palko, president and CEO of Polaris. “The offer represents increased value for our shareholders and U.S. Concrete has committed to work closely with Polaris, its First Nations partners, customers and other stakeholders to ensure a smooth transition.” In connection with the termination of the Vulcan agreement, Polaris paid a multi-million-dollar termination fee to Vulcan. U.S. Concrete advanced funds for the payment of the termination fee. “We believe Polaris is an ideal strategic fit and enables a replication in California of our vertically integrated business model that we successfully operate in New York” says William J. Sandbrook, U.S. Concrete president, CEO and vice chairman. “The acquisition of Polaris will provide U.S. Concrete with long-term, high-quality aggregate reserves and is expected to deliver meaningful synergies and strengthen the company’s strategic position in the highly attractive, aggregate supply-constrained Californian markets.” Following completion of the acquisition, U.S. Concrete expects to have the capability to self-supply a majority of its ready-mixed concrete operations’ aggregate requirements in northern California, as well as to drive increased production volumes at Polaris’ Orca Quarry. The acquisition also provides U.S. Concrete entry into Southern California through the Polaris-operated Long Beach Terminal, U.S. Concrete says. pitandquarry.com