Location Thomas has been acquired by Sunbelt Rentals

September 2025 — Location Thomas has been acquired by Sunbelt Rentals, the Canadian division of Ashtead Group plc, as part of Sunbelt’s continued expansion in Québec and across Canada. The acquisition strengthens Sunbelt’s presence in Québec and supports its strategy of growing through the integration of well-established regional players with strong customer relationships and specialized equipment offerings.

Location Thomas is a Greater Montreal-based equipment rental company with over 45 years of experience and leadership spanning four generations. Operating from branches in Varennes and Chambly, the company provides a wide range of tools and equipment for construction, renovation and landscaping. Serving both individuals and contractors, Location Thomas is recognized for its reliable fleet, customer-first approach and long-standing reputation as a trusted regional partner.

Sunbelt is one of North America's largest equipment rental companies, providing a broad range of construction, industrial and specialty equipment to commercial, industrial and municipal clients. A subsidiary of UK-based Ashtead Group plc, Sunbelt operates an extensive branch network across Canada and the USA. The company pursues both organic growth and strategic acquisitions to expand its geographic footprint and service offerings.

Our role in the transaction

Oaklins’ team in Canada acted as the exclusive sell-side financial advisor in this transaction.

Service

M&A sell-side

Parties

“From the very beginning, the Oaklins Canada team showcased its strong expertise in mergers and acquisitions in the equipment rental sector, making each step of the process clear and efficient. Their constant support greatly contributed to simplifying a process as important as the sale of our family business. We are particularly grateful that they were able to identify the ideal buyer to ensure the succession and continuity of Location Thomas. Thanks to their rigor and commitment, the transition to Sunbelt was carried out quickly and in a climate of trust.”

Nathalie Thomas

Owner, Location Thomas Inc.

Talk to the deal team

Sebastien Nadeau

Managing Partner

Montreal, Canada
Oaklins Canada

View profile Get in touch

Related deals

Nymann Kloak- & Miljøservice has been acquired by Serwent Group

Private Equity | Business Support Services

Nymann Kloak- & Miljøservice has been acquired by Serwent Group

Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.

Learn more

GP-Connect has joined forces with Transformation Capital to accelerate growth

Private Equity | Business Support Services

GP-Connect has joined forces with Transformation Capital to accelerate growth

Transformation Capital, a Netherlands-based investment firm, has joined forces with GP-Connect, a leading international secondment platform with specialized brands serving the hospitality, IT, skilled labor, technical services and dental sectors. As part of the transaction, GP-Connect welcomes Transformation Capital as its new shareholder to support the company’s next phase of growth, while the founders and existing shareholders will remain actively involved. The partnership will focus on executing a targeted buy-and-build strategy, expanding the business internationally and further strengthening GP-Connect’s portfolio.

Learn more

Lomboser has partnered with Growth Partners Capital

Private Equity | Construction & Engineering Services

Lomboser has partnered with Growth Partners Capital

Growth Partners Capital has acquired a minority stake in Lomboser S.A., establishing a strategic partnership to support the company’s next phase of growth and expansion across Iberia.

Learn more