CPE News (1/21/2019) – Cooper Equipment Rentals Limited, a portfolio company of SeaFort Capital, has acquired Star Rentals Ltd., an independent equipment rental company in the Lower Mainland of British Columbia. Financial terms were not disclosed.
Doug Johnson, President and principal owner of Star Rentals, will assume a senior role with Cooper and will help manage and grow Cooper’s business in British Columbia.
Established in 1972, Cooper Equipment Rentals is the leading independent Canadian full-service construction equipment rental company.
SeaFort Capital, in partnership with Cooper family, acquired a majority of the company in 2013. Since then Cooper Equipment Rentals has expanded through organic growth and acquisitions.
Star Rentals is the seventh add-on acquisition under SeaFort Capital ownership. Past acquisitions include Modern Industrial Rentals (2018), Alberta Lift (2017), 4-Way Equipment Rentals (2017), SMS Rentals (2015), Albion Equity Rentals (2014), City Rentals (2013).
photo credit: Star Rentals
Cooper Equipment Rentals Announces Acquisition of Star Rentals
Cooper Equipment Rentals Ltd. is a full-service construction equipment rental company, servicing contractors across Canada. (CNW Group/Cooper Equipment Rentals Limited)
TORONTO, Jan. 21, 2019 /CNW/ – Cooper Equipment Rentals Limited (“Cooper”), the leading independent equipment rental company in Canada, announced today that it has acquired Star Rentals Ltd. (“Star Rentals”).
Star Rentals is the largest independent equipment rental company in the Lower Mainland of British Columbia. Established in 1984, Star Rentals services the Metro Vancouver area through its locations in White Rock, Surrey, Langley, Abbotsford, Burnaby and Maple Ridge. Over the past several decades, Star Rentals has developed a reputation for reliable, value-added service and has established a loyal base of customers that rely on the company to provide complete equipment rental solutions. Doug Johnson, the President and principal owner of Star Rentals, will assume a senior role with Cooper, and will help manage and grow Cooper’s business in British Columbia.
“We are excited to enter the B.C. market with the addition of Star Rentals’ impressive team of rental professionals, top-notch equipment fleet and excellent branch facilities,” said Darryl Cooper, President of Cooper. Doug Dougherty, CEO of Cooper, added, “this strategic acquisition immediately puts us in a leading position in the important Vancouver market and allows us to support customers throughout the Lower Mainland. It moves us closer to our goal of establishing a national network of branches through which we can deliver best-in-class service to customers throughout Canada.”
Doug Johnson commented “My partners and I take great pride in business we have built, and we are deeply committed to Star Rentals’ employees and customers. We have every confidence that this transaction will provide meaningful opportunity for our employees and will allow Star Rentals’ customers to continue receiving the high level of service to which they have become accustomed. Cooper’s culture aligns perfectly with Star’s, and I am excited to have the opportunity to work with the fastest growing independent equipment rental company in Canada.”
Established in 1972, Cooper is the leading independent Canadian full-service construction equipment rental company, servicing contractors throughout Ontario and in parts of Quebec, Alberta and British Columbia. Cooper specializes in compact equipment and aerial rentals and offers a broad range of construction equipment and supplies, backed by unparalleled service and support. The company operates 39 rental locations. In 2013 Cooper received a majority investment from SeaFort Capital.
Halifax-based SeaFort Capital makes majority investments in small and medium sized Canadian businesses and partners with experienced managers to build value.
SOURCE Cooper Equipment Rentals Limited
For further information: Doug Dougherty, CEO, Cooper Equipment Rentals Limited, E-mail: firstname.lastname@example.org, Phone: (416) 727-4764