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Announced

Completed

Cooper Equipment completed the acquisition of Canadian assets of Herc Rental.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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power generation equipment

Private

Canada

equipment rental solutions

Equipment Rental

Completed

equipment rental

Single Bidder

Majority

Domestic

Acquisition

Friendly

Synopsis

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Cooper Equipment Rental, a Canadian equipment rental company, completed the acquisition of Canadian assets of Herc Rental, a full-service equipment rental firm. Financial terms were not disclosed. "We are excited to enter the Atlantic Canada market with the acquisition of the Herc Atlantic assets. I believe the solid team of rental professionals at Herc Atlantic will integrate well with, and ultimately contribute to, the Cooper culture. Herc Atlantic's late model equipment fleet and excellent branch facilities will allow our new team members to deliver the high level of service that Cooper customers across the country have come to expect," Darryl Cooper, Cooper Equipment President.

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