SeaFort Capital’s G. Cooper Equipment to purchase SMS Rents
G. Cooper Equipment Rentals Ltd has agreed to acquire SMS Rents, a rental equipment services provider to building and infrastructure contractors, energy and resource developers, and industrial producers in central Canada. The transaction, the value of which was not disclosed, is expected to result in the transfer of SMS Rents from Sumitomo Corporation Group to Cooper by the end of 2015. Cooper, a full-service construction equipment rental company, said the acquisition will create a business "with considerable scale." Based in Toronto, it has been a portfolio investment of Canadian private equity firm SeaFort Capital since June 2013.
19 October 2015•3 mins read
