Cooper Equipment Rentals Ltd has acquired Modern Industrial Rentals (1978) Ltd, a construction and industrial equipment rental company based in Calgary. No financial terms were disclosed. Cooper, a Mississauga, Ontario-based provider of compact, aerial and heavy construction and industrial equipment, said the deal broadens its presence in Western Canada, and introduces it to Southern Alberta. Founded in 1972, Cooper today operates 30 rental locations across Canada. It was acquired by Canadian private equity firm SeaFort Capital in 2013.
Cooper Equipment Rentals Announces Acquisition of Modern Rentals
TORONTO, Jan. 16, 2018 /CNW/ – Cooper Equipment Rentals Limited (“Cooper”), a leading Canadian equipment rental company, announced today that it has acquired Modern Industrial Rentals (1978) Ltd. (“Modern Rentals”).
Established in 1978, Modern Rentals is a construction and industrial equipment rental company that services Southern Alberta from its branches in Calgary and Medicine Hat. The company has built its business through an uncompromising dedication to customer service. Modern Rentals offers quality, late model equipment that is supported by a highly experienced team of rental professionals.
“We are excited about the opportunity to strengthen our business in Western Canada with the addition of Modern Rentals’ experienced team of rental professionals, quality equipment fleet, and strategically located branch facilities,” said Doug Dougherty, President of Cooper. Darryl Cooper, CEO, added, “this acquisition broadens our presence in Western Canada and allows us to bring the Cooper Difference to customers throughout Southern Alberta. We are pleased to welcome the Modern folks to the Cooper team – we know that their energy and professionalism will further strengthen the impressive team that we have established in the Western Canadian market.”
Justin Wharton, Regional Manager for Southern Alberta commented “this transaction, as a follow up to the acquisition of Alberta Lift in July 2017, will allow Cooper to leverage its position as the premium aerial equipment supplier in Southern Alberta and bring the full range of equipment rental services to Cooper’s and Modern’s valued customers. I am very excited to be working with the excellent team at Modern Rentals to continue our growth in Western Canada.”
Established in 1972, Cooper Equipment is a Canadian owned full-service construction equipment rental company, servicing contractors throughout Ontario and in parts of Quebec and Alberta. Cooper specializes in compact equipment, aerial access and trench safety equipment, and offers a broad range of construction equipment and supplies, backed by unparalleled service and support. The company operates 30 rental locations. In 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.
For further information: Doug Dougherty, President, Cooper Equipment Rentals Limited, E-mail: email@example.com, Phone: (289) 247-2770
Photo courtesy of Modern Industrial Rentals (1978) Ltd