G. Cooper Equipment Rentals Ltd., one of the largest equipment rental companies in the Greater Toronto Area, has signed a definitive share purchase agreement to acquire all of the outstanding shares of City Rentals, a full-service construction equipment rental company in the GTA. The transaction is scheduled to close around the end of this month.
Established in 2004, City Rentals is located in Scarborough, a Toronto suburb. 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 business.
“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 topnotch equipment fleet and facilities,” said Doug Dougherty, president of Cooper.
“This acquisition allows us to continue to pursue our goal of continually improving Cooper’s rental services to the GTA contractor base,” added Daryl Cooper, CEO.
“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 McCourt.
MacKinnon added: “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.”
Cooper Equipment was founded in 1972 and has locations in Rexdale, Scarborough, downtown Toronto and York. Earlier this year, the company received a majority investment from Halifax, N.S., Canada-based SeaFort Capital. The company is No. 108 on the RER 100.
