January 1, 2016
Cooper to acquire SMS Rents
G. Cooper Equipment Rentals of Toronto has announced an agreement to acquire SMS Rents, a division of SMS Construction and Mining Systems. The transaction is expected to close by December 31, 2015.
Cooper, backed by Canadian private investment firm SeaFort Capital, based in Halifax, is a leading compact equipment rental company in the Greater Toronto Area, operating six full-service equipment rental locations. SMS Rents, a member of the Sumitomo Corporation Group, is a division of a major Canadian construction equipment business. SMS Rents employs over 200, and operates 15 branches across Ontario and Quebec.
The two branch networks will continue to operate under their current business names for the immediate future and through a transitional phase in the New Year. The service areas of the 21 locations have almost no overlap and there are no store closures anticipated.