SeaFort Capital Makes Majority Investment in Toronto’s Cooper Equipment
SeaFort Capital has agreed to make a majority investment in Toronto-based G. Cooper Equipment Rentals Ltd. The transaction is scheduled to close around June 30. Established in 1972, Cooper Equipment is a full-service construction equipment rental company serving contractors in the greater Toronto area.
Cooper Equipment specializes in compact equipment rentals and offers a broad range of construction equipment and supplies. Cooper has four locations in the Toronto area – Rexdale, Scarborough, downtown Toronto and York. The company has more than 50 employees.
The senior management team, including CEO Darryl Cooper and president Doug Dougherty, will have a significant ongoing investment and will continue to lead the company.
“Cooper Equipment has an outstanding team of hard-working employees, each of whom is dedicated to delivering excellent customer service,” said Rob Normandeau, president of SeaFort. “We see tremendous opportunity for growth and are proud to partner with Darryl, Doug and their team to support the development of the company.”
“SeaFort will provide us with the capital and support necessary to continue our growth,” said Dougherty. “That allows us to offer exciting opportunities to our employees and additional services and support to our valued customers.”
“Cooper Equipment was founded by my father Gordon in 1972,” added Cooper. “We are extremely passionate about the business, our customers and our employees. I know SeaFort shares our values and we are excited to partner with Rob and his team.”
Cooper Equipment came close to being included in this year’s RER 100 listing of the 100 largest rental companies in North America based on rental volume, ranked on the extended listing at No. 108.
Halifax, N.S., Canada-based SeaFort Capital makes controlling investments in small- and medium-sized Canadian business and partners with experienced managers to build value.
