Contractors Rental Supply takes on a partner

Feb. 5, 2013 – Contractors Rental Supply i s now partly owned by Clairvest Group, a Toronto investment firm. Clairvest has announced a combined
$39.5 million investment in CRS. CRS is a provider of
construction rental equipment and related merchandise. Founded in 2000,
the Company grew from 4 to 21 locations in Ontario and over 270
employees. The investment was originated through Clairvest’s rental
services domain efforts and builds on current investments in oilfield
and medical equipment rentals. Clairvest’s portion of the investment is
$10.6 million.

“We are excited to partner with a true leader in the Canadian
equipment rental field. CRS has a proven business model and solid track
record of profitable growth. The management of CRS are significant
owners of the business alongside Clairvest and we look forward to
working with them in the coming years to help achieve their growth
initiatives,” said Mitch Green, principal of Clairvest.

“CRS is an entrepreneurial business that enjoys success by providing
outstanding service to our customers. We believe Clairvest is a great
fit to help take CRS to the next level. Our team is ready to drive
continued growth through new stores, expansion of product lines, and
acquisitions. We are also proud to remain an independent, Canadian-owned
business while creating a great opportunity for our next level of
management and all employees” said Steve Fay, CEO.

CRS is Clairvest’s 38th platform investment and the sixth investment
by CEP IV.  The Clairvest/CEP IV co-investment pool is capitalized at
$467 million and focuses on equity investments in growth companies.

Related links

www.clairvest.com 

www.contractorsrentalsupply.ca