TORONTO, Nov. 6, 2013 /CNW/ - G. Cooper Equipment Rentals Limited
("Cooper"), the leading compact equipment rental company in the Greater
Toronto Area ("GTA"), announced today that it has signed a Definitive
Share Purchase Agreement to acquire all of the outstanding shares of
City Rentals Inc. ("City Rentals"). The transaction is scheduled to
close on or about November 30th, 2013.
Established in 2004, City Rentals Inc. is a full service construction
equipment rental company, serving contractors in the Greater Toronto
Area. From it's prime location on Brimley Road in Scarborough, City
Rentals has built it's business through uncompromising dedication to
customer service; offering a broad range of quality equipment and
supplies, supported by a highly experienced team of over 15 people.
The senior management team, including President Larry McCourt, and Vice
President Scott MacKinnon will continue in leadership roles with
Cooper, and have made a significant investment in the combined
"We are excited about the opportunity to strengthen our business in the
GTA with the addition of City's impressive team of rental
professionals, and top-notch equipment fleet and facilities," said Doug
Dougherty, President of Cooper. Darryl Cooper, CEO, said, "this
acquisition allows us to continue to pursue our goal of continually
improving Cooper's rental services to the GTA contractor base."
"We had been looking for a way to meet the demands of our ever
increasing and loyal customer base at City, and by joining the Cooper
team, we believe we have found the ideal way to do that" said Larry
McCourt, President of City Rentals. Scott MacKinnon, Vice President,
adds, "my customer service philosophy aligns perfectly with Cooper's,
and I am stoked about contributing to the further growth of the fastest
growing equipment rental company in the GTA market."
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 four
locations, in Rexdale, Scarborough, Downtown Toronto and York Region
and has over fifty-five dedicated employees. The company is lead 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 Inc.
Halifax-based SeaFort Capital makes controlling investments in small and
medium sized Canadian businesses and partners with experienced managers
to build value.
SOURCE: G. Cooper Equipment Rentals Limited
For further information:
G. Cooper Equipment Rentals Limited
Phone: (416) 744-5000