Finning acquires John F Hunt Power
Deal adds roughly 2,500 generators to Cat dealer's power equipment lineup
Finning, the world’s largest Caterpillar dealer, has acquired generator rental company John F Hunt Power.
The acquisition expands Finning’s power generator lineup and its global footprint, with John F Hunt operating about 2,500 generators across the United Kingdom, serving industries including construction, industrial and healthcare, according to an Oct. 1 release from the Canadian equipment dealer. Terms of the deal were not disclosed.
Finning expects the move to more than triple its power rental revenue in the U.K. and Ireland and enhance its ability to serve larger projects and more complex power requirements. The acquisition was funded through Finning’s existing liquidity and is not expected to have a material impact on the company’s consolidated revenue, earnings or balance sheet, according to the release.
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