Canadian mid-market private equity firm McCain Capital Partners (MCP) has acquired Chair-man Mills, Event Rental Group and Advanced Tent Rental (CMMC), together a Toronto-based event rental specialist.
Terms weren’t disclosed for the deal, which saw MCP partner with management, including President John Van Schepen.
CMMC was formerly majority owned by Granite Partners. Granite acquired the business in 2013.
Established in 1911, CMMC provides a range of rental products and services to major venues, caterers and event planners in Canada.
MCP, owned by Canada’s McCain family, was launched in 2017. The investment team is led by Managing Partners Zac McIsaac and Associate James Dent.
CMMC is the firm’s inaugural deal.
McCain Capital Partners Acquires Chair-man Mills Corp.
TORONTO, March 7, 2019 /CNW/ – McCain Capital Partners (“MCP”) is pleased to announce that it has partnered with management to acquire Chair-man Mills, Event Rental Group, and Advanced Tent Rental (together, “CMMC”). CMMC is Canada’s leading event rental provider, and together, MCP and management will build on the company’s long history and excellent brand to drive the next stage of growth.
“This is an exciting time for CMMC”, said John Van Schepen, President of CMMC. “The long-term, strategic commitment that MCP is making will enable continued investment in people, products, and technology, and will further enhance our ability to deliver unparalleled service to the event and tent rental markets in the GTA and southern Ontario.”
“We are thrilled to partner with the great team at Chair-man Mills, Event Rental Group, and Advanced Tent Rental”, said MCP’s Zac McIsaac. “CMMC is the premier event rental provider in Canada, and our partnership creates an excellent platform for future growth, which will benefit all of the company’s employees, customers, and suppliers.”
About Chair-man Mills Corp.
Chair-man Mills was founded in 1911 and is the largest event rental company in Canada and the ninth largest in North America. Through its Advanced Tent Rental division, the company is also the leading provider of tenting solutions in Canada. The company has developed very strong relationships with the leading venues, caterers and event planners in southern Ontario. Operating from two modern and well-located facilities in Toronto, the company employs more than 450 people.
About McCain Capital Partners
McCain Capital Partners is in the business of growing businesses. As a family-owned, Canadian investment firm, it makes long-term investments alongside strong, aligned management teams to build real value in the companies in its portfolio.
McCain Capital is a patient investor, not bound by short-term return expectations or liquidity requirements. Rather, it brings an entrepreneurial and flexible approach to partnerships, providing permanent capital, strategic guidance, and operational support.
For further information: John Van Schepen, President, CMMC (email@example.com); Zac McIsaac, McCain Capital Partners (firstname.lastname@example.org)