McCain Capital Partners has partnered with management to acquire Chair-man Mills, Event Rental Group, and Advanced Tent Rental, from Granite Partners. Financial terms were not disclosed.
Founded in 1911, Toronto based Chair-man Mills is Canada’s leading event rental provider. Through its Advanced Tent Rental division, the company is also the leading provider of tenting solutions in Canada.
Granite Partners acquired a majority stake in Chair-man Mills in 2013. In August 2015, Chair-man Mills acquired The Event Rental Group of Torotno, which operates Exclusive Affair Rentals and Advanced Tent Rental.
McCain Capital Partners and management will build on the company’s long history and excellent brand to drive the next stage of growth, said Chair-man Mills.
Formed in 2017 and led by Zac McIsaac, McCain Capital Partners is an investment firm backed by the McCain family.
photo credit: Chair-man Mills
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.
SOURCE McCain Capital Partners
For further information: John Van Schepen, President, CMMC (email@example.com); Zac McIsaac, McCain Capital Partners (firstname.lastname@example.org)
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Latest posts by Ted Liu (see all)
- Gradient Ventures makes add-on investment in BenchSci - June 25, 2019
- OPG to acquire I Squared Capital’s Cube Hydro for US $1.12B - June 25, 2019
- BDC Capital invests $1.25M in TickTrade Systems - June 25, 2019