Toronto-based G. Cooper Equipment Rentals Ltd said it had agreed on a Definitive Share Purchase Agreement to buy all the outstanding shares of City Rentals Inc. G. Cooper Equipment Rentals provides compact equipment for rent in the Greater Toronto Area. City Rentals Inc is also a rental company offering full service construction equipment. Financial details of the transaction were not disclosed but the deal is expected to close at the end of the month.
G. Cooper Equipment Rentals Chief Executive Officer Darryl Cooper said the acquisition would enable them to enhance their rental services to their contractor base in the Greater Toronto Area. Company President Doug Dougherty added, "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."
A privately-owned company, G. Cooper Equipment Rentals is a portfolio firm of private equity firm SeaFort Capital.
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