Cooper Equipment Rentals, Mississauga, Ontario, Canada, has completed a transaction to purchase 100 percent of the shares of One Stop Rentals/Sales, Airdrie, Alberta, Canada.
Cooper Equipment Rentals says the acquisition is consistent with its growth vision and represents a further step toward establishing itself as the only Canadian-owned, nationally positioned rental company.
Established in 1972, Cooper Equipment Rentals is a full-service construction equipment rental company servicing contractors across Canada. With more than 55 branches in six provinces, the company specializes in the rental of compact, aerial, heavy construction, pump solutions and trench safety equipment.
One Stop Rentals/Sales was established in 2013 to offer equipment rental services to customers throughout Southern Alberta, including Airdrie, Calgary, Strathmore, Cochrane, Chestermere and Olds. The company offers late model equipment supported by a team of approximately 25 rental professionals.
“Our team is very proud to join the Cooper Equipment Rentals family and have found the acquisition and transition to be seamless,” says Todd Maxwell, president of One Stop Rentals/Sales.
“We’re pleased to welcome One Stop into the Cooper family,” says Doug Dougherty, CEO of Cooper Equipment Rentals. “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.”
The One Stop branch, which includes a climate control business, will join Cooper’s southern Alberta region under the direction of regional manager Justin Wharton. “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,” Wharton says.
This latest acquisition extends Cooper Equipment Rentals’ coverage of the greater Calgary area, adding to the growing network of strategically located branches across Canada and supporting the company’s existing presence in the Alberta region.