Cooper Equipment acquires SMS Rents

1 minute read
03 November 2015

On November 3, 2015, G. Cooper Equipment Rentals Limited ("Cooper Equipment") completed its previously announced acquisition of SMS Rents. G.C. Andersen Partners, LLC, a New York-based investment bank, acted as exclusive financial advisor to Cooper Equipment and arranged an $80 million senior credit facility to complete the acquisition through its wholly-owned broker-dealer, G.C. Andersen Partners Capital, LLC.

Cooper Equipment, backed by Canadian private investment firm, SeaFort Capital, is the leading compact equipment rental company in the Greater Toronto Area. SMS Rents, with branches in Ontario and Québec, was a member of the Sumitomo Corporation Group and a division of SMS Construction and Mining Systems Inc., a major Canadian construction equipment business.

Gowlings advised Cooper Equipment in this transaction with a team that included Robert Hull, Neeta Sahadev, Leila Burden-Nixon, Thomas Gertner and Andrew Zed, assisted by student-at-law Jeremy Hourigan.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.