Seafort’s Cooper Rentals to acquire 4-Way Equipment Rentals
Canadian Equipment Rentals Corp (TSX-V: CFL) has agreed to sell the assets of its wholly-owned subsidiary, 4-Way Equipment Rentals Corp, to Cooper Equipment Rentals, a Toronto-based construction equipment rental company. Cooper will pay $8.5 million in cash for 4-Way in a deal expected to close this month. Cooper, which serves contractors in Ontario and Québec, is a portfolio company of Canadian private equity firm SeaFort Capital. SeaFort acquired a majority interest in the business in 2013.
2 February 2017•2 mins read
