Canadian rental company Cooper Equipment Rentals has acquired Alberta’s One Stop Rentals/Sales in an all-share purchase deal.
Established in 2013, One Stop is based in Airdrie just north of Calgary and offers a wide range of equipment including aerial work platforms, scaffold towers and telehandlers throughout Southern Alberta with a staff of 25.
One Stop chief executive and shareholder Todd Maxwell, who will remain on board said: “Our team is very proud to join the Cooper Equipment Rentals family and have found the acquisition and transition to be seamless.”
Cooper’s chief executive Doug Dougherty added: “We are pleased to welcome One Stop into the Cooper family. The One Stop team has built a great business with a quality reputation in the market, and we are proud to be partnering with them as we continue to grow our company across Canada.”
One Stop will join Cooper’s Southern Alberta Region under regional manager, Justin Wharton who said: “We’re delighted that Todd Maxwell, one of the shareholders of One Stop, will maintain his function as branch manager and play an integral role in assisting us in the transition of the acquisition over the next several months.”
Established in 1972, Cooper has been majority owned by Halifax-based private equity firm SeaFort Capital since 2013 and offers aerial work platforms, telehandlers and some general construction equipment for rental throughout Ontario and in parts of Quebec, Alberta, British Columbia and Atlantic Canada with more than 55 branches in six provinces. Coopers has been acquiring investing in ‘bolt-on’ on acquisitions for some time, tending to purchase at least one new company each year.