Cooper Equipment buys SMS Rents
November 9, 2015 by STAFF REPORT
Toronto-based Cooper Equipment has expanded its operations with the purchase of SMS Rents for an undisclosed amount.
Cooper Equipment, the leading compact equipment rental company in the Greater Toronto Area, is a portfolio company of SeaFort Capital, a Halifax-based private investment firm. SMS Rents was a division of SMS Construction and Mining Systems Inc., a major Canadian construction equipment business that is a member of the Sumitomo Corporation Group.
“By combining SMS Rents and Cooper, we are creating a strong Canadian business of considerable scale and 21 full service branches with over 300 employees which will provide us broad geographic coverage across Ontario and Quebec,” notes Darryl Cooper, CEO of Cooper.
“SMS Rents has an excellent reputation for customer service and support,” adds Doug Dougherty, President of Cooper. “SMS Rents’ employees share our passion for delivering the best possible equipment solutions for customers.
“I am confident that the combination of Cooper and SMS Rents will result in exciting new opportunities for all employees and continued great service for customers, over a much broader geographic footprint.”
Established in 1972, Cooper Equipment is a privately-owned full service construction equipment rental company, servicing contractors throughout the Greater Toronto Area. Cooper specializes in compact equipment rentals and offers a broad range of construction equipment and supplies, with service and support. The company operates six locations, in Rexdale, Scarborough, Toronto, York Region, Bolton and Burlington, and has over 100 employees. In June 2013, Cooper received a majority investment from Halifax-based SeaFort Capital.