Cooper acquires City Rentals
By Cooper Equipment RentalsNews
Nov. 19, 2013 - G. Cooper Equipment Rentals has announced it has signed a share purchase agreement to acquire all of the outstanding shares of City Rentals . The transaction is scheduled to close Nov. 30.
Nov. 19, 2013 – G. Cooper Equipment Rentals has announced it has signed a share purchase agreement to acquire all of the outstanding shares of
City Rentals . The transaction is scheduled to
close Nov. 30.
Established in 2004, City Rentals is a full service
construction equipment rental company, serving contractors in the
Greater Toronto Area. From it's location on Brimley Road in
Scarborough, City Rentals has built it's business through
uncompromising dedication to customer service; offering a broad range
of quality equipment and supplies, supported by a highly experienced
team of over 15 people. 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 top-notch equipment fleet and facilities," said Doug
Dougherty, president of Cooper. Darryl Cooper, CEO, said, "This
acquisition allows us to continue to pursue our goal of continually
improving Cooper's rental services to the GTA contractor base."
"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 adds, "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."
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