G. Cooper Equipment Rentals Ltd has bought Albion Rental, a compact equipment rental company located in Bolton, Ontario. The financial terms of the acquisition were not released. Cooper, a full-service construction equipment rental business, said the deal will help expand its geographic presence. Last November, it also acquired City Rentals Inc. Headquartered in Toronto, Cooper is a portfolio company of Canadian private equity firm SeaFort Capital. The Halifax-based SeaFort made a majority investment in the company in June 2013.
G. Cooper Equipment Rentals Announces Acquisition of Albion Rentals
TORONTO, Dec. 4, 2014 /CNW/ – G. Cooper Equipment Rentals Limited (“Cooper”), the leading compact equipment rental company in the Greater Toronto Area (“GTA”), announced today that it has acquired Albion Rental.
Founded in 1974, Albion Rental has been serving the equipment rental needs of the GTA for over 40 years. Located in Bolton, Albion Rental has developed a strong reputation for providing dependable equipment and outstanding customer service and support. The senior management team, including President and Owner Carl Sant, will continue in leadership roles with Cooper.
“The addition of Albion Rental’s dependable equipment fleet, dedicated group of rental professionals and first rate facility will allow us to expand our geographic presence while maintaining our commitment to strong customer service.” said Doug Dougherty, President of Cooper. Darryl Cooper, CEO, said, “Albion Rental shares our passion for serving GTA contractors and we’re excited to have the opportunity to add an exceptional facility and team in Bolton.”
“My team and I are impressed by the growth and momentum that Cooper has demonstrated and we are excited to combine our operations. I have known the Cooper senior management team for many years and I am confident that our customers will continue to enjoy excellent service following this transaction.” said Carl Sant, President of Albion Rental.
Established in 1972, Cooper Equipment is a privately owned full service construction equipment rental company, servicing contractors in the Greater Toronto Area. Cooper specializes in compact equipment rentals and offers a broad range of construction equipment and supplies, backed by unparalleled service and support. The company operates five locations, in Rexdale, Scarborough, Downtown Toronto, York Region and Bolton, and has over 80 dedicated employees. The company is led by an experienced senior management team, including CEO Darryl Cooper and President Doug Dougherty. In June 2013 Cooper received a majority investment from Halifax based SeaFort Capital.
Halifax-based SeaFort Capital makes controlling investments in small and medium sized Canadian businesses and partners with experienced managers to build value. Learn more about SeaFort Capital at www.seafortcapital.com.
SOURCE G. Cooper Equipment Rentals Limited
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