Caterpillar Buy San Francisco base peer to peer equipment Rental Company Yard Club. Yard Club startup Founded in 2013 by CEO Colin Evran. According to the company 2500 construction contractors manage over $120 Million in equipment transactions across United States and Canada in 2016.
Construction Equipment Giant Caterpillar Invest Yard Club in 2015. Yard Club Startup Company developed an Online Construction Equipment Rental platform. Yard Club Competitors include startup like Equipment Share & Get able. But the compare to those companies Yard Club had raised $5.1 Million from Investors that include Caterpillar, Andy Rachleff, Andreessen Horowitz, Dorm Room Fund, Fred Poses and Harrison Metal.
Caterpillar has acquired rental Equipment Company Yard Club for undisclosed amount, according to Yard Club CEO Colin Evran the deal closed last week. The Yard Club platform support inspection and fleet visibility, maintenance management, scheduling and dispatching.