February 1, 2017
Seafort Capital Backed Cooper Rentals to Acquire 4-Way Equipment Rentals
TORONTO, February 1, 2017 - Cooper Rentals Canada Inc., a portfolio company of Seafort Capital, has agreed to acquire all the assets of 4-Way Equipment Rentals Corp. from Canadian Equipment Rentals Corp. (TSX-V: CFL) for cash consideration of $8.5 million. The transaction, which is expected to close on or around February 9, 2017.
CIBC Mid-Market Investment Banking is acting as exclusive financial advisor to Canadian Equipment Rentals with respect to the transaction.
About Cooper
Established in 1972, Cooper Equipment is a Canadian owned full service construction equipment rental company, servicing contractors throughout Ontario and in parts of Quebec and Alberta. 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 23 rental locations. In 2013 Cooper received a majority investment from Halifax-based SeaFort Capital.
About SeaFort
SeaFort Capital, based in Halifax, Nova Scotia, makes majority investments in small and medium-sized Canadian businesses and partners with experienced managers to build value. Learn more about SeaFort Capital at www.seafortcapital.com.
Website: www.cooperequipment.ca
For further information: Doug Dougherty, President, Cooper Equipment Rentals Limited, E-mail: ddougherty@cooperequipment.ca, Phone: (416) 727-4764