HALIFAX, June 20, 2013 /CNW/ - SeaFort Capital Inc. ("SeaFort") announced today that it has agreed to
make a majority investment in G. Cooper Equipment Rentals Limited
("Cooper Equipment"). The transaction is scheduled to close on or about
June 30, 2013. Established in 1972, Cooper Equipment is a full service
construction equipment rental company servicing contractors in the
Greater Toronto Area. Cooper Equipment 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 dedicated employees. The senior
management team, including CEO Darryl Cooper and President Doug
Dougherty, will have a significant ongoing investment and will continue
to lead the company.
Rob Normandeau, President of SeaFort, commented "Cooper Equipment has an
outstanding team of hard-working employees, each of whom is dedicated
to delivering excellent customer service. We see tremendous opportunity
for growth and are proud to partner with Darryl, Doug and their team to
support the development of the company."
Doug Dougherty, President of Cooper Equipment, added: "SeaFort will
provide us with the capital and support necessary to continue our
growth. That allows us to offer exciting opportunities to our
employees and additional services and support to our valued customers."
Darryl Cooper, CEO of Cooper Equipment, offered "Cooper Equipment was
founded by my father Gordon in 1972. We are extremely passionate about
the business, our customers and our employees. I know SeaFort shares
our values and we are excited to partner with Rob and his team."
Halifax-based SeaFort Capital makes controlling investments in small and
medium sized Canadian businesses and partners with experienced managers
to build value. SeaFort is a private company governed by the following
directors: Scott Brison, Scott McCain, Michael Milligan, Rob
Normandeau, Donald Sobey and Rob Sobey. SeaFort targets Canadian
companies with earnings of between $2 million and $10 million that have
a strong tangible asset base and operate in an "old economy" industry,
such as manufacturing, distribution or equipment services.
SOURCE: SeaFort Capital Inc.
For further information:
SeaFort Capital Inc.
Phone: (902) 407-3477