SeaFort Capital announces investment in Cooper Equipment

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HALIFAX – SeaFort Capital Inc. (“SeaFort”) announced Thursday that it has agreed to make a majority investment in G. Cooper Equipment Rentals Limited (“Cooper Equipment”). The transaction is scheduled to close on or about June 30.

Established in 1972, Cooper Equipment is a full service construction equipment rental company servicing contractors in the Greater Toronto Area. Cooper Equipment specializes in compact equipment rentals and offers a broad range of construction equipment and supplies, backed by unparalleled service and support. The company operates four locations, in Rexdale, Scarborough, downtown Toronto and York region and has more than fifty dedicated employees.  The senior management team, including CEO Darryl Cooper and president Doug Dougherty, will have a significant ongoing investment and will continue to lead the company.

 “Cooper Equipment has an outstanding team of hard-working employees, each of whom is dedicated to delivering excellent customer service,” said Rob Normandeau, president of SeaFort. “We see tremendous opportunity for growth and are proud to partner with Darryl, Doug and their team to support the development of the company.”

SeaFort will provide the company with the capital and support necessary to continue their growth, Dougherty added.

“That allows us to offer exciting opportunities to our employees and additional services and support to our valued customers,” he said.

Halifax-based SeaFort Capital makes controlling investments in small and medium sized Canadian businesses and partners with experienced managers to build value. SeaFort is a private company governed by the following directors: Scott Brison, Scott McCain, Michael Milligan, Rob Normandeau, Donald Sobey and Rob Sobey. SeaFort targets Canadian companies with earnings of between $2 million and $10 million that have a strong tangible asset base and operate in an “old economy” industry, such as manufacturing, distribution or equipment services.

Organizations: SeaFort Capital

Geographic location: Greater Toronto Area, Rexdale, Toronto York

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