CPE News (3/4/2019) – Cooper Equipment Rentals Limited, a portfolio company of SeaFort Capital, has acquired Prime Rentals Ltd. from owners, Kim and Trina Tymko. Financial terms were not disclosed.
Established in 1979 and with two locations in Lethbridge and nearby Taber, Alberta. Prime Rentals provide complete equipment rental solutions.
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.
In 2013, SeaFort Capital, a multi-family office based in Halifax, acquired a majority stake from Cooper family.
Prime Rentals is the eighth add-on acquisition under SeaFort ownership. Prior acquisitions include Star Rentals Ltd. (2019), Modern Industrial Rentals (2018), Alberta Lift (2017), 4-Way Equipment Rentals (2017), SMS Rentals (2015), Albion Equity Rentals (2014), City Rentals (2013).
photo credit: Prime Rentals Ltd.
Cooper Equipment Rentals Announces Acquisition of Prime Rentals
TORONTO, March 4, 2019 /CNW/ – Cooper Equipment Rentals Limited (“Cooper”), the leading independent equipment rental company in Canada, announced today that it has acquired Prime Rentals Ltd. (“Prime Rentals”).
Prime Rentals has two locations in Lethbridge and nearby Taber, Alberta. Prime was established in 1979, and over the past several decades 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. Kim and Trina Tymko, the owners of Prime, will assist us in ensuring a smooth transition of the acquisition over the next several months.
“We are excited about the expansion of our operations in the Southern Alberta market with the addition of Prime Rentals’ experienced team of rental professionals, well-rounded equipment fleet and excellent branch facilities,” said Darryl Cooper, President of Cooper. Doug Dougherty, CEO of Cooper, added, “this strategic acquisition strengthens our position in the important Alberta market and allows us to better support customers throughout Southern Alberta. 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.”
Kim Tymko, President of Prime Rentals said, “My wife Trina and I take great pride in the business our family has built, and we are deeply committed to Prime Rentals’ employees and customers. We have every confidence that this transaction will provide meaningful opportunity for our employees and will allow Prime Rentals’ customers to continue receiving the high level of service to which they have become accustomed.”
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 in excess of 40 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