Stephenson’s Rental Services Income Fund has accepted $6.875 per unit for 7.91 million units of stock from Edgestone Capital, a Canadian private equity firm. The $53 million deal gives Edgestone control of about 80 percent of Stephenson’s.
Edgestone agreed to acquire the stock from the Mississauga, Ontario-based rental company in late May.
Stephenson’s has 18 branches throughout the greater Toronto metropolitan area. The company is No. 40 on the RER 100.
DATE: May 29, 2013
TIME: 2:00pm ET/ 11:00am PT
Where: ONLINE
ABSTRACT: Rental penetration essentially means the percentage of equipment on jobsites that is rented, rather than owned by the end user. In this webinar, a panel of experts will discuss why rental penetration has grown, how it can be measured and understood, and how much it can increase in the coming years. Panelists include Dan Kaplan, Chuck Yengst and John McClelland.
SPONSORED BY: 
The RER Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for.
Keep up with the latest news with our daily newsletter
